December 16, 2014

Progressive Insurance Acquiring Homeowners Group ASI for $875M

Auto insurance giant Progressive Insurance is enhancing its homeowners insurance offerings by acquiring controlling interest in a Florida-based group of insurers now selling homeowners, renters, condo, umbrella, flood and other property/casualty coverages in about half the states nationwide.... Read More

December 17, 2014

ASI CEO sees 'good fit' and growth ahead in Progressive deal

The $875 million deal that will give auto insurer Progressive Corp. controlling interest in American Strategic Insurance ultimately will accelerate the growth of ASI, according to the top executive of the St. Petersburg-based homeowners insurance firm.... Read More