Progressive, You're Killing Us !

[1manshow]

Absolutely, we market on price because there is no other "hot button" that works as well. What amazes me is how progressive can turn a profit when we send them nothing but "crap" business. We are consistently @ under 40% LR with them year after year. I'm afraid the IA's book is subsidizing their "direct" book and that probably peeves me more than anything.

 

[bobson]

Absolutely, we market on price because there is no other "hot button" that works as well. What amazes me is how progressive can turn a profit when we send them nothing but "crap" business. We are consistently @ under 40% LR with them year after year. I'm afraid the IA's book is subsidizing their "direct" book and that probably peeves me more than anything.

Under 40% LR is "crap business"? What is your loss ratio for good business??? My carriers would sing a song and dance for me if I could get them a 40% LR year after year...

 

[1manshow]

That's what I'm saying !!! How in the heck they can turn a profit on business I consider "crap business" I'll never figure out. Doesn't appear the other non-standard markets have figured it out either???

 

[bobson]

That's what I'm saying !!! How in the heck they can turn a profit on business I consider "crap business" I'll never figure out. Doesn't appear the other non-standard markets have figured it out either???

Have you ever thought about changing your definition of "crap business"? Progressive can afford to write 'high risk' business because they have their automation down pat. I wish all companies had their technology. Have you ever needed to call an underwriter for a piece of Progressive business????

 

[1manshow]

Yep, bound a 20K trucking risk last week with them over the phone...they make it so easy it's sickening.. I just know if they could have saved that 2K or so in commish by doing it themselves, I'd be history

 

[hdlabs]

Progressive still pursues agents to sell their products. Website quoting and printing policies is very VERY easy.