In: Economics
can you give me 4 references related to progressive insurance corporation
The Progressive Corporation is an American insurance company. It is one of the largest providers of car insurance in America. The company insures motorcycles, boats, RVs, and commercial vehicles, and provides home insurance through select companies. Progressive has expanded internationally as well, offering car insurance in Australia.
We seek to be an excellent, innovative, growing and enduring business by cost-effectively and profitably reducing the human trauma and economic costs of auto accidents and other mishaps, and by building a recognized, trusted, admired, business-generating brand.
Progressive insurance company began selling automobile insurance
in 1937. Today, Progressive is the fourth largest U.S. insurer and
employs more than 37,000 people. Progressive holds nearly $50
billion in assets and in 2019 earned nearly $34 billion in
revenue.Progressive became the nation's largest provider of
automobile insurance through independent agents. In 1993,
Progressive became the largest automobile insurer in its home state
of Ohio. By 1999 it was the fifth largest auto insurer in the
United States and was set on becoming the largest. Although a
publicly traded company, Progressive remained a family-run
enterprise in the late 1990s; Peter B. Lewis, son of one of the
co-founders, was chief executive officer, president, and chairman
of the board. His younger brother, Daniel R. Lewis, was process
leader of Progressive's largest business, the Agency Business
Unit.
The Progressive Corporation (Progressive) is an Ohio based publicly
traded holding company that through its subsidiaries is a leading
provider of personal and commercial automobile insurance coverage
in the United States.
Progressive car insurance is a great choice for good drivers. Progressive’s Snapshot program monitors your driving habits and offers discounts for good drivers. The Progressive website features a “Name your Price” tool, which matches the coverages available with the price you want to pay for auto insurance.
Another great coverage option from Progressive is the Accident Forgiveness program. If you qualify, Progressive won’t raise your rate after an accident, even if the accident was your fault. These benefits can vary by state but can help protect your rate after one at-fault accident.
Although Progressive’s standard home and renters policies offer the most common coverages, its optional coverages fall short. Other providers offer more comprehensive options, including replacement cost and identity theft coverages.