Auto Insurance

Progressive Insurance Company was founded in 1937 by Joseph Lewis as a Mutual insurance company that provided drivers with security and protection. The company based in Ohio, blossomed from a mutual insurance company to a full supplier of Casualty insurance. Although today, Progressive is centered around Auto Insurance. From the beginning, Progressive has changed the way insurance companies do business. They began focusing on ways to make buying insurance easy and painless for their customers. They …

…Owners of SUV’s could see their annual premiums rise by up to 20% in the next few years (Time, 2000). Progressive has learned from these mistakes. Peter Lewis knows that Progressive is becoming well-known through their strategic tactics, but he plans to keep the innovations coming in order to increase business, performance, and customer satisfaction. Peter plans to keep pushing it’s way up the industry’s ladder, but plans to do so less aggressively (SEC, 2000).