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Progressive was formed in 1937 by Joseph Lewis and Jack Green as Progressive Mutual Insurance Company. [5] In 1956, the company found a niche by insuring more risky drivers. In 1965, Peter B. Lewis, son of Joseph Lewis, and his mother borrowed $2.5 million, pledging their majority stake as collateral, and completed a leveraged buyout of ...
Pages in category "Progressive Corporation" The following 6 pages are in this category, out of 6 total. ... Flo (Progressive Insurance) L. Peter B. Lewis; P.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Progressive_Auto_Insurance&oldid=17316682"
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Lewis was raised in a Jewish [1] [2] family in Cleveland Heights, Ohio, [3] the oldest of four children born to Helen and Joseph Lewis. [3] [4] His father — who had co-founded a small auto insurance company named Progressive Insurance with Jack Green in 1937 [5] — was grooming Lewis to work at the company when he died at age 48 while Lewis was a junior [4] at Cleveland Heights High School. [3]
The company was founded in 1925 when a group of Illinois Agricultural Association members developed an organization to provide fire and lightning insurance for farmers. [4] In the company's first year of operation, more than 385 Illinois farmers worked part-time, offering insurance services to their friends and neighbors.
Hawaii Supreme Court rules against insurance companies in wildfire settlement case. Sports. Sports. Associated Press. Gilgeous-Alexander scores 31 and Thunder make franchise-record 27 3s in 137 ...
Auto-Owners Insurance Group is a mutual insurance company that provides life, home, car and business insurance. Their policies are sold exclusively through local and independent insurance agents within their 26 operating states. [ 3 ]