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Progressive Reports Results for April 2010 MarketWatch (press release)

MAYFIELD VILLAGE, Ohio, May 18, 2010 (BUSINESS WIRE) -- The Progressive Corporation today reported the following results for April 2010:

(millions, except per share amounts and ratios) April April Change 2010 2009 Net premiums written $ 1,473.7 $ 1,414.5 4 % Net premiums earned $ 1,374.5 $ 1,322.2 4 % Net income $ 111.1 $ 116.2 (4)% Per share $ .17 $ .17 0 % Total pretax net realized gains (losses) on securities $ 8.0 $ 2.6 208 % Combined ratio 90.7 89.2 1.5 pts. Average diluted equivalent shares

Allstate Auto Insurance on Collisions

According to the article “Collision City” by Jeff Gelles from the Philadelphia Inquirer, Allstate Auto Insurance examined which cities have the best and worst driving record in their 5th annul Best Drivers Study.

The study shows that on average, Allstate’s Philadelphia policyholders have collisions once every 6.4 years. New Yorkers have eight years between accidents, Clevelander drivers 10.7 years, and  Sioux Falls, S.D., 13.5 years.  Philadephia was ranked worst among largest cities.  This does affect Pennsylvania auto insurance rates and if you live in Phillie you understand the high costs.

Pennsylvania state officials and traffic-safety experts aren’t convinced by the findings.  Spokeswoman for PA Department of Transportation, Jenny Robinson, stated that 2008 was Philadephia’s best year in a decade according to PennDot’s count of “reportable crashes” which include accidents that result in death or injury, or require a vehicle to be towed.  Martin T. Pietrucha is a civil engineer who studies the “human factors” in car crashes, and he thinks Allstate’s claims data may be skewed if Philadelphia drivers are more likely to report small accidents to their auto insurance companies.

Whether or not Allstate’s study is completely reliable, one thing remains sure.  Their findings ultimately translate to the cost of their customer’s auto insurance rates.

Weird, Crazy, Stupid and Funny Car Crashes

www.best-auto-insurance-quotes .net A compilation of some very weird, crazy, even insane and funny car crash scenes that will keep you wondering ...

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Progressive Posts First Gain in Net Income Since 2006 Bloomberg
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It's the end of the road for many GM and Chrysler lawsuits Los Angeles Times
It's the end of the road for many GM and Chrysler lawsuits Los Angeles Times Telegraph.co.ukIt's the end of the road for many GM and Chrysler lawsuitsLos Angeles Times"There was inadequate insurance on the vehicle that hit her, so she is literally left without recourse because of this bankruptcy. NBR Transcripts-July 10, 2009GM emerges from bankruptcy, is the transformation complete?GM CEO: "Business As Usual Is Over"all 2,974 news articles »

Auto Loans: Getting The Best Deal On A New Car Loan Nurido
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Consumers Could Pay More for Car Insurance with New "Cash for ... PR Web (press release)
Consumers Could Pay More for Car Insurance with New "Cash for ... PR Web (press release) CBS NewsConsumers Could Pay More for Car Insurance with New "Cash for PR Web (press release)(PRWEB) July 11, 2009 -- "Auto buyers participating in the new 'Cash for Clunkers' program should be aware of the financial impact to their auto insurance 'Cash for clunkers' program has its roadblocksall 12 news articles »

Best Auto Insurance: Do I Need Rental Car Insurance? MonitorBankRates.com
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