In early 2021, former executives with the Auto Club Insurance Co. of Florida, affiliated with AAA, decided to form a new property insurance company in Florida — even before state lawmakers made monumental changes that curbed claims litigation and costs. …
For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 point to a U-turn in financial results. According to AM Best, costs …
Fourth quarter 2021 earnings at Progressive Corp. fell 43% compared with the same time period a year ago to $962.3 million. The results were despite the personal and commercial property insurer posting an increase of 13% in net premiums written …
Progressive Insurance is embarking on a hiring spree. The insurer said it intends to hire up to 6,400 new employees across the country during the remainder of 2021. The Mayfield Village, Ohio-headquartered company with $42 billion in revenues said it …
“Black Lives Matter to me and they matter to us as an organization,” Progressive Corp. CEO Tricia Griffith wrote in a letter to shareholders. In the letter that was mostly commentary on second quarter results, Griffith vowed to increase her …
A North Carolina woman has been arrested and charged with solicitation to obtain property by false pretenses, according to a statement from North Carolina Insurance Commissioner Mike Causey. Heaven Symone Lassiter, 23, of Ahoskie, is accused of providing false information …
Europe’s The Generali Group and Progressive Group of Insurance Companies of the U.S., both among the leaders in car insurance telematics, said they have entered into an research and development collaboration to improve their individual data analytics capabilities and foster …
A Raleigh, N.C., man has been charged with eight counts of insurance fraud, eight counts obtaining property by false pretense, four counts of attempting to obtain property by false pretense and four counts of providing a false statement on an …
