Progressive News
Progressive at PCI: Telematics Will Become Ubiquitous Underwriting Tool
A Progressive Insurance Group executive asserts that automated automobile technology won't become ubiquitous for years. On the other hand, he predicts, the equally transformative use of telematics ...
Counterpoint: Spending on Ads Never Beats Spending on Insurance Agents
A recent research report published by Cliff Gallant and Matthew Rohrmann of Nomura Equity Research concludes that spending on advertising beats spending on insurance agents. Once again Wall Street ...
Progressive to Pursue Sizable Hiring Plans Through 2014
Progressive Corp., the fourth largest U.S. automobile insurer, wants the world to know that it is hiring nearly 1,000 people by the end of 2014. What's the plan? Progressive said it will do this by ...
Spending on Ads Still Beats Spending on Auto Insurance Agents: Nomura
Two analysts at Nomura Equity Research published statistics on advertising spend and premium growth Friday, reinforcing a conclusion they advanced late last year—that dollars spent on advertising ...
Progressive Boosts Ad Spending, But GEICO Still #1: SNL
Progressive Corp. boosted its advertising spending by nearly $70 million year over year to $595.4 million in 2013, the largest aggregate dollar increase among all U.S. property/casualty insurers, ...
Nomura: Progressive May Struggle To Keep Older Customers
Gone are the days when Progressive Corp., the nation's fourth-largest U.S. auto insurer, could grow through innovation alone. Future expansion will come at the expense of its rivals by going after ...
Nearly One-Quarter of Insurance Consumers Would Buy Cover from Amazon, Google: Accenture
Two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying from online service ...
Progressive Insurance Chairman, Former CEO, Philanthropist Lewis Dies
Progressive Corp. Chairman Peter B. Lewis, the billionaire who turned a company founded by his father into one of the largest U.S. auto insurers, has died. He was 80. Lewis died Saturday at his home ...