Search results
Results from the WOW.Com Content Network
Progressive primarily offers its services through the internet, by telephone or through independent insurance agents. [14] Progressive’s agency business sells insurance through more than 30,000 independent insurance agents [14] and progressiveagent.com where customers can quote their own policies and then contact an agent to complete the sale.
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989. [1]
The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents.
On comparative judgment, we try and find out which stock -- Progressive Corp (PGR) or Travelers Companies (TRV) -- has stronger chances to fare better in terms of fundamentals.
Travelers Insurance, one of California's largest home and auto insurers, is set to increase its rates by an average of 15%, the latest in a string of rate increases and policy limitations that ...
Progressive Corporation United States: 46.4 20 The Allstate Corp United States: 45.8 21 Zurich Ins Group Ltd Switzerland: 44.8 22 HDI Germany: 44.2 23 Liberty Mutual United States: 43.7 24 Dai-ichi Life Japan: 43.4 25 Nippon Life Japan: 43.2
While this transaction allowed Progressive to have a controlling interest of 67%, Progressive has owned as much as 5% since 2012. [4] The company paid $875 million for the acquisition. [5] The strategic partnership between the two companies is meant to allow them to compete in the coveted insurance "bundling" market.
Independent agents own and control their accounts, policy records, and renewals. If an independent agent’s contract with a particular insurance company terminates, the agent retains the rights to active accounts and may place them with another insurer. Competition exists between exclusive agents and independent agents.