Progressive will take rate in 2022 to match severity and frequency levels: CEO Griffith
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Progressive will take rate in 2022 to match severity and frequency levels: CEO Griffith

Farhin Lilywala
March 01, 2022
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Progressive expects to take rate in 2022 as personal auto frequency levels remain unstable and severity is up compared to pre-pandemic levels, according to CEO Tricia Griffith.

“We've got the supply-demand issues with chips, so we have parts’ prices continue to increase. Because it's taking longer to repair those, our rental prices have gone up.

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Farhin Lilywala
Section Editor, Distribution & Specialty
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