Direct writer GEICO’s success in auto insurance sales is due to spending dollars on effective advertising rather than on agents, according to recent research from analysts at Nomura Equity Research, which notes that GEICO has overtaken Allstate to become the …
Progressive Corp., the fourth-largest U.S. auto insurer, said profit dropped 16 percent as investment income declined for a 12th straight quarter. Third-quarter net income decreased to $232.4 million, or 39 cents a share, from $277 million, or 46 cents, a …
Progressive Corp., the fourth-largest U.S. auto insurer, is searching for the right message to attract customers to a product that tracks a person’s driving to set rates, Chief Executive Officer Glenn Renwick said. Surveys of prospective Snapshot users have shown …
Progressive Corp., the fourth- largest U.S. auto insurer, said profit more than doubled as premium revenue climbed after the company raised rates for coverage. But the insurer declined in New York trading as the results missed analysts’ estimates and growth …
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 …
Progressive Corp. is getting a lot of attention in the social media world this week. But it’s clearly not the kind of attention the insurer wants to get. On Monday, a New York-based comedian named Matt Fisher posted a story …
A manufacturing facility in Texas has been fined $58,000 by federal regulators for exposing workers to safety hazards. The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Progressive Inc. in Arlington with 15 safety violations for exposing …
The gecko, caveman and sales clerk Flo might want to check their retirement plans. Their brands are getting overshadowed by competition from “upstarts” like the Allstate mayhem man, State Farm’s QB Aaron Rodgers and the Farmers University professor. The Geico …
The Massachusetts Division of Insurance announced a $125,000 financial settlement with Progressive Direct Insurance Company. Regulators said Progressive erroneously informed some Massachusetts consumers that they had used credit information to determine their auto insurance rate through its website. Regulators said …
More than 70 million drivers in the U.S. potentially are leaving car insurance savings on the table by not taking advantage of usage-based insurance programs that reward drivers who drive safely and during safe times of the day. More and …
