Best's News: Best's Rankings Find Progressive's US Total Auto DPW 11.8% Rise Outpaces Industry, Competitors
OLDWICK, N.J. //BestWire// - Progressive Insurance Group's direct premiums written for U.S. total automobile insurance rose 11.8% to $79.18 billion in 2025, far outpacing its nearest competitors and the industry at large, according to a new Best's Rankings report in this week's Best's News.
Also in this week's Best's News:
— Hallmark Financial Services Inc. has filed for bankruptcy, planning to reorganize. The insurer and managing general agent said it also entered into a restructuring support agreement that considers a deal with Hildene Capital Management LLC and certain affiliates whose clients hold the majority of Hallmark's debt obligations.
— Former insurance executive turned convicted fraudster Greg Lindberg is appealing the judgment of forfeiture and order of restitution, saying in court filings he overpaid restitution and owes nothing.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
(By Caroline Saucer, editor, BestWire: Caroline.Saucer@ambest.com)