The Progressive Corporation (NYSE: PGR), is an insurance holding company. The Company, through its subsidiaries, provide personal and commercial automobile insurance and other specialty property-casualty insurance and related services throughout the United States.
The Company is known as the Progressive Casualty Insurance Company through its subsidiaries, provides personal automobile insurance, and other specialty property-casualty insurance and related services in the United States. It was co-founded in 1937 by Jack Green and Joe Lewis and is headquartered in Mayfield Village, Ohio.
Progressive is one of the largest auto insurers in the United States, with over 10 million policies. The company operates in three segments: Personal Lines, Commercial Auto, and Other-indemnity. The Personal Lines segment writes insurance for private passenger automobiles, motorcycles, boats, and recreational vehicles through both an independent agency channel and a direct channel.
The Commercial Auto segment writes primary liability and physical damage insurance for automobiles and trucks owned by businesses primarily through the independent agency channel. The Other-indemnity segment provides professional liability insurance to community banks, principally directors, and officers liability insurance. It also provides insurance-related services, primarily providing policy issuance and claims adjusting services in 25 states for Commercial Auto Insurance Procedures/Plans. In 2009, the company was ranked 209 in the Fortune 500.
Have you been the victim of a serious accident in which either you or the at-fault has been insured by the Progressive Insurance company? If you want to achieve a fair settlement or court outcome, it is important to research how other people and companies have successfully navigated insurance claims and settlements with specific insurance companies.
This will help you avoid making the same mistakes others have made when legally dealing with the same insurance companies. It can provide insight as to which courses of action might affect the value of your settlement. It also helps highlight critical legal strategies and paths that have helped win lawsuits against these major insurance companies such as Progressive Insurance.
Insurance companies are notorious for delaying the release of settlement funds at all costs. The practice exists in an extremely high percentage of insurance companies. It is designed as both a money saving and a money making technique.
Major insurance companies usually have tens of billions of dollars on their books, which they invest in order to amplify their profits. Even if they have to pay a settlement, they will hold the money as long as legally possible in a leveraged effort to increase their own profits.
In addition to delaying the disbursement of settlement funds, insurance companies deploy many of the following techniques to save costs:
If you have sustained personal injuries that require long-term care or may cause permanent damages, it is important to consult with an expert trial attorney about your legal options. An attorney with experience in pursuing insurance bad faith claims will be able to better educate you about insurance companies and the personal injury legal process.
The Progressive Insurance Company proves difficult after a "failure to stop" car accident in Tacoma, WA (View Full Article – Davis Law Group)
Progressive Insurance disputes injuries and medical treatment following a car accident (View Full Article – Davis Law Group)
Progressive's claims adjusters offer a woman an unfairly low settlement due to lack of research (View Full Article – Davis Law Group)