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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 ...
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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]
As Chief Human Resources Officer, Griffith launched Progressive's first-ever diversity and inclusion program, establishing the Progressive African American Network and LGBT Plus in 2007. [5] In 2008, she returned to Claims as the group president, overseeing all claims functions.
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In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
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As of February 2023, Dr. Rick, who is portrayed by actor Bill Glass, [2] has appeared in 18 commercials for Progressive. [3] In 2021, Progressive released a book titled Dr. Rick Will See You Now. The book, which was advertised as being authored by Dr. Rick, is a comedic guide containing the character's teachings. [4]
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