Progressive is the third largest auto insurer in the US. Jack Green and Joseph Lewis founded the company in 1937 in Mayfield Village, Ohio. In 1956 Peter Lewis, Joseph Lewis’s son, re-focused the company on insuring risky drivers with lots of accidents. The company aimed to minimize losses rather than expenses. To that end, it became an early mover in data collection and analysis.
Progressive: A Low Cost Producer
Progressive: A Low Cost Producer
Progressive: A Low Cost Producer
Progressive is the third largest auto insurer in the US. Jack Green and Joseph Lewis founded the company in 1937 in Mayfield Village, Ohio. In 1956 Peter Lewis, Joseph Lewis’s son, re-focused the company on insuring risky drivers with lots of accidents. The company aimed to minimize losses rather than expenses. To that end, it became an early mover in data collection and analysis.