Personal auto in Q2: Is Progressive's reserve charge an outlier or a leading indicator for peers?
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Personal auto in Q2: Is Progressive's reserve charge an outlier or a leading indicator for peers?

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In the dystopian 2002 thriller Minority Report, the protagonists in a “pre-crime” unit address future infractions even before they have happened. Although the longer-term trend of serious crime declines, spontaneous short-term movements make it a struggle to react early enough to eradicate crime.

Something similar has been playing out in the personal auto space, with the industry doing a better job managing longer-term shifts, but showing an unequal response to understanding the medium-term trends.

Quite

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