March 03, 2015 8:26 AM ET


Company Overview of Progressive Casualty Insurance Company

Company Overview

Progressive Casualty Insurance Company provides motorcycle policies and commercial auto insurance products in the United States. It offers motorcycle, recreational vehicle, boat/personal watercraft, homeowners, Segway, umbrella, health, life, pet, collector car, snowmobile, condo, and renter’s insurance products, as well as identity theft protection products. The company sells its products through independent insurance agents. It also provides its products online and by phone. The company was founded in 1937 and is based in Mayfield Village, Ohio. Progressive Casualty Insurance Company operates as a subsidiary of Drive Insurance Holdings, Inc.

6300 Wilson Mills Road

Mayfield Village, OH 44143-2182

United States

Founded in 1937





Key Executives for Progressive Casualty Insurance Company

Chairman of the Board, Chief Executive Officer and President
Age: 59
Chief Financial Officer
Age: 55
President of Commercial Lines Group
Age: 55
President of Personal Lines Group
Age: 50
Chief Claims Officer
Compensation as of Fiscal Year 2014.

Progressive Casualty Insurance Company Key Developments

Progressive Casualty Insurance Co. Refuses to Pay Seaway Community Bank Insured for Losses

Seaway Community Bank bought a financial institutions/blanket bond from Progressive Casualty Insurance Co. The bond provided coverage for losses caused by forged checks. However, the bond excluded coverage for checks that were not "finally paid." A Seaway customer deposited three checks, made payable to him through a Canadian bank, into his Seaway account. However, unbeknownst to Seaway, the checks had been fraudulently altered. The Canadian bank, the payor of the checks, returned the three checks to Seaway and the provisional credits were reversed. Seaway notified Progressive of the loss, and, in February 2010, submitted a proof of claim to Progressive. Progressive denied the claim based on exclusion of the bond agreement, claiming that the checks were not "finally paid" because checks from Canadian banks are provisional and subject to reversal-i.e., not "finally paid." Seaway sued Progressive for coverage. The district court granted Seaway's motion for judgment on the pleadings and denied Progressive's motion for judgment on the pleadings. Progressive appealed. The Sixth Circuit affirmed the district court's judgment. Under Michigan law, which applied in this diversity action, courts must construe ambiguous exclusionary clauses strictly in favor of the insured. Exclusion of the bond agreement stated that Progressive did not have to compensate Seaway for a loss resulting from checks that were not "finally paid," but exclusion did not specify that checks drawn upon Canadian banks were excluded.

Similar Private Companies By Industry

Company Name Region
Allegheny Insurance Services, Inc. United States
Sociedade do Espirito Santo CA United States
Prudential-Bache Properties Inc. United States
Berkshire Life Insurance Company of America United States
PIC Insurance Group Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Progressive Casualty Insurance Company, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at