Progressive News

Business News: Chubb, Progressive, Travelers

Chubb Launches Dedicated Multi-line Practice Focused on Large Transportation Clients in North America Chubb launched a multi-line industry practice within its Major Accounts division, dedicated to providing innovative insurance products, industry-leading service and risk management solutions for best-in-class large risk …

Progressive’s Flo to Help Gain Customers as Distracted Drivers Lead to ‘Rate Shock’

Progressive Corp., the fourth-largest U.S. auto insurer, boosted spending on marketing this year to win customers after scaling back in the second half of 2016 when increased costs from car accidents threatened the company’s profit goals. “We’re excited to be …

Progressive CEO Renwick to Retire July 1; Griffith is Successor

Glenn Renwick, president and chief executive officer,  will retire after more than 15 years as CEO and almost 30 years with the company, effective July 1, 2016. The Progressive Corp. announced that Tricia Griffith, currently Personal Lines chief operating officer, will …

Progressive Survey Reveals Renters Left Doors Unlocked 16 Times Within Past Year

Locking the door behind you when you leave your home or apartment may seem like a no brainer, but according to a recent survey of 1,000 renters conducted by the Progressive Group of Insurance Companies, renters admit to leaving their …

Progressive Insurance Reprises Rate Suckers Ad

A survey of 500 consumers conducted by the Progressive Group of Insurance Companies reveals that the majority of participants believe usage based insurance (UBI) is a fairer way to price insurance, versus the traditional insurance rating variables such as age, …

Top Vehicle Claims Trends in 2014: Progressive

The top five states in which a person was most likely to file an auto claim last year were all on the East Coast. December had the lowest volume of all vehicle claims of any month. Those facts are just …

Progressive’s Hiring Plans Include Close to 1000 New Jobs by Year End

Progressive plans to fill nearly 1,000 jobs across the country by the end of 2014. Positions include IT, Analyst, Call Center, Claims and Corporate roles and span locations from Austin, Texas to its headquarters in Mayfield Village, Ohio. Positions are …

Progressive Says Technology Is Edge for Driverless-Car Insurance

Progressive Corp. said its technology that tracks driver behavior to set insurance rates will help the company adapt as automated cars take the road. The auto insurer offers a device called Snapshot, which plugs into a vehicle and monitors habits …

63% of Drivers Don’t Know They Pay Higher Rates to Subsidize Bad Drivers

Progressive Insurance recently surveyed 500 consumers about their knowledge of auto insurance pricing and found 63 percent of respondents didn’t know that the bad driving of others affected their car insurance rates. The survey also found: Men were less likely …

Progressive Reaches Settlement in Auto Claim Case Amid Online Protest

Progressive Corp. announced Thursday it reached a settlement with the family of Kaitlynn Fisher — a Progressive policyholder who died in an auto accident when her car was struck by an under-insured driver in Baltimore in 2010. The insurance giant …