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By Staff Writer |
January 17, 2012
Progressive Insurance has received a fourth patent for system technologies used with its optional Pay As You Drive insurance program, a usage-based form of car insurance. The patent relates to producing a driver safety score based on monitored driving data.
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By Chad Hemenway, PropertyCasualty360.com |
November 8, 2011
Progressive Chief Executive Officer Glenn Renwick said the take-up rate for its Snapshot product is “very good” and the “overall retention is up meaningfully,” exceeding the auto insurer’s estimates.
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By Phil Gusman, PropertyCasualty360.com, Chad Hemenway, PropertyCasualty360.com |
August 22, 2011
Weather losses continue to be a factor in companies’ second-quarter results, but the ultimate impact on net income varies depending on the size of the company and the lines written.
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By Chad Hemenway, PropertyCasualty360.com |
August 12, 2011
Auto insurer Progressive Corp. says its second-quarter net income rose 16 percent to $245.2 million as net premiums written increased 3 percent during the same time.
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By Robert Regis Hyle, PropertyCasualty360.com |
September 10, 2010
"We don't reflect on [the compliments] very much," says Ray Voelker, CIO at Progressive Insurance. "The way not to be good at technology would be to say, 'Hey, we're really good at this, so let's sit