Progressive: Skyrocketing Car Insurance Costs Increase Consumer Price Sensitivity

The insurance industry has performed exceptionally well in 2024, with the Insurance ETF ( IAK ) rising by ~30% with particularly low volatility and drawdowns. Among them is the auto insurance company Progressive (NYSE: PGR ). PGR has increased byHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Harrison also has an academic b ...