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Progressive Corporation
The Progressive Corporation is an American insurance company. Progressive is currently the #2 auto insurer in the United States behind State Farm. The company was co-founded in 1937 by Jack Green and Joseph M. Lewis, and is headquartered in Mayfield, Ohio. The company insures passenger vehicles, motorcycles, recreational vehicles (RVs), trailers, boats, personal water craft (PWC), and commercial vehicles. Progressive also provides home, life, pet, and other types of insurance through select companies. The company ranked #62 on the 2024 Fortune 500 list of the top American corporations. History Progressive was formed in 1937 by Joseph Lewis and Jack Green as Progressive Mutual Insurance Company. In 1956, the company found a niche by insuring more risky drivers. In 1965, Peter B. Lewis, son of Joseph Lewis, and his mother borrowed $2.5 million, pledging their majority stake as collateral, and completed a leveraged buyout of Progressive. In 1971, Progressive conducted an ini ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Peter B
Peter may refer to: People * List of people named Peter, a list of people and fictional characters with the given name * Peter (given name) ** Saint Peter (died 60s), apostle of Jesus, leader of the early Christian Church * Peter (surname), a surname (including a list of people with the name) Culture * Peter (actor) (born 1952), stage name Shinnosuke Ikehata, a Japanese dancer and actor * Peter (1934 film), ''Peter'' (1934 film), a film directed by Henry Koster * Peter (2021 film), ''Peter'' (2021 film), a Marathi language film * Peter (Fringe episode), "Peter" (''Fringe'' episode), an episode of the television series ''Fringe'' * Peter (novel), ''Peter'' (novel), a 1908 book by Francis Hopkinson Smith * Peter (short story), "Peter" (short story), an 1892 short story by Willa Cather * Peter (album), ''Peter'' (album), a 1972 album by Peter Yarrow * ''Peter'', a 1993 EP by Canadian band Eric's Trip * "Peter", 2024 song by Taylor Swift from ''The Tortured Poets Department, The Tort ...
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Ford Escape
The Ford Escape is a compact crossover SUV manufactured and marketed by Ford Motor Company since the 2001 model year. The first Ford SUV derived from a car platform, the Escape fell below the Ford Explorer#Second generation (UN105/150; 1995), Ford Explorer in size; the Escape is currently sized between the Ford EcoSport and Ford Edge. The 2005 model year Ford Escape Hybrid was the first hybrid-electric vehicle from Ford, and the first hybrid produced as an SUV. The first two generations of the Escape used the Ford CD2 platform (jointly developed with Mazda), leading to the release of the Mazda Tribute and Mercury Mariner; as with the Escape, both the Tribute and Mariner were marketed in North America (the Mariner was never marketed in Canada). In Europe, the Escape was initially branded as the Ford Maverick from 2001 to 2008 (replacing a Nissan Patrol, Nissan-produced SUV). Under the mid-2000s "One Ford" globalization strategy, the third and fourth-generation designs of the Esc ...
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Ford Explorer
The Ford Explorer is a range of Sport utility vehicle, SUVs manufactured by Ford Motor Company since the 1991 model year. The first five-door SUV produced by Ford, the Explorer, was introduced as a replacement for the three-door Ford Bronco II, Bronco II. As with the Ford Ranger, the model line derives its name from a trim package previously offered on Ford F-Series pickup trucks. As of 2020, the Explorer became the best-selling SUV in the American market. Currently in its sixth generation, the Explorer has featured a five-door wagon body style since its 1991 introduction. During the first two generations, the model line included a three-door wagon (directly replacing the Bronco II). The Ford Explorer Sport Trac is a crew-cab mid-size pickup derived from the second-generation Explorer. The fifth and sixth generations of the Explorer have been produced as the Ford Police Interceptor Utility (replacing both the Ford Crown Victoria Police Interceptor and the Ford Police Intercepto ...
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Australia
Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller islands. It has a total area of , making it the list of countries and dependencies by area, sixth-largest country in the world and the largest in Oceania. Australia is the world's flattest and driest inhabited continent. It is a megadiverse countries, megadiverse country, and its size gives it a wide variety of landscapes and Climate of Australia, climates including deserts of Australia, deserts in the Outback, interior and forests of Australia, tropical rainforests along the Eastern states of Australia, coast. The ancestors of Aboriginal Australians began arriving from south-east Asia 50,000 to 65,000 years ago, during the Last Glacial Period, last glacial period. By the time of British settlement, Aboriginal Australians spoke 250 distinct l ...
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Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ...
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Professional Liability Insurance
Professional liability insurance (PLI), also called professional indemnity insurance (PII) and commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advising, consulting, and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client in a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability insurance may take on different forms and names depending on the profession, especially medical and legal, and is sometimes required under contract by other businesses that are the beneficiaries of the advice or service. Coverage almost always provides for the def ...
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Agency (law)
The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, who is authorized to act on behalf of another (called the principal) to create legal relations with a third party. It may be referred to as the equal relationship between a principal and an agent whereby the principal, expressly or implicitly, authorizes the agent to work under their control and on their behalf. The agent is, thus, required to negotiate on behalf of the principal or bring them and third parties into contractual relationship. This branch of law separates and regulates the relationships between: * agents and principals (internal relationship), known as the principal-agent relationship; * agents and the third parties with whom they deal on their principals' behalf (external relationship); and * principals and the third parties when the agents deal. Concepts The reciprocal rights a ...
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Motorcycle
A motorcycle (motorbike, bike; uni (if one-wheeled); trike (if three-wheeled); quad (if four-wheeled)) is a lightweight private 1-to-2 passenger personal motor vehicle Steering, steered by a Motorcycle handlebar, handlebar from a saddle-style seat. Motorcycle designs vary greatly to suit a range of different purposes: Long-distance motorcycle riding, long-distance travel, Motorcycle commuting, commuting, cruising (driving), cruising, Motorcycle sport, sport (including Motorcycle racing, racing), and Off-roading, off-road riding. Motorcycling is riding a motorcycle and being involved in other related social activities such as joining a motorcycle club and attending motorcycle rally, motorcycle rallies. The 1885 Daimler Reitwagen made by Gottlieb Daimler and Wilhelm Maybach in Germany was the first internal combustion, petroleum-fueled motorcycle. In 1894, Hildebrand & WolfmĂĽller became the first series production motorcycle. Globally, motorcycles are comparable numerically t ...
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Indemnity
In contract law, an indemnity is a contractual obligation of one party (the ''indemnitor'') to compensate the loss incurred by another party (the ''indemnitee'') due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". In contrast, a "guarantee" is an obligation of one party (the ''guarantor'') to another party to perform the promise of a relevant other party if that other party defaults. Indemnities form the basis of many insurance contracts; for example, a car owner may purchase different kinds of insurance as an indemnity for various kinds of loss arising from operation of the car, such as damage to the car itself, or medical expenses following an accident. In an agency context, a principal may be obligated to indemnify their agent for liabilities incurred while carrying out responsibilities under the relationship. While the events giving ris ...
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Hurricane Katrina
Hurricane Katrina was a powerful, devastating and historic tropical cyclone that caused 1,392 fatalities and damages estimated at $125 billion in late August 2005, particularly in the city of New Orleans and its surrounding area. It is tied with Hurricane Harvey as being the List of the costliest tropical cyclones, costliest tropical cyclone in the Atlantic basin. Katrina was the twelfth tropical cyclone, the fifth hurricane, and the third major hurricane of the 2005 Atlantic hurricane season. It was also the fourth-most intense Atlantic hurricane to make landfall in the contiguous United States, gauged by barometric pressure. Katrina formed on August 23, 2005, with the merger of a tropical wave and the remnants of a tropical depression. After briefly weakening to a Tropical cyclone, tropical storm over south Florida, Katrina entered the Gulf of Mexico on August 26 and Rapid intensification, rapidly intensified to a Saffir–Simpson scale, Category 5 hurricane befo ...
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The Plain Dealer
''The Plain Dealer'' is the major newspaper of Cleveland, Ohio; it is a major national newspaper. In the fall of 2019, it ranked 23rd in U.S. newspaper circulation, a significant drop since March 2013, when its circulation ranked 17th daily and 15th on Sunday. , ''The Plain Dealer'' had 94,838 daily readers and 171,404 readers on Sunday. ''The Plain Dealer''s media market, the Cleveland-Akron Designated Market Area, has a population of 3.8 million people making it the 19th-largest market in the United States. In August 2013, ''The Plain Dealer'' reduced home delivery to four days a week, including Sunday. A daily version of ''The Plain Dealer'' is available electronically as well as in print at stores, newspaper vending machine, newsracks and newsstands. History Founding The newspaper was established in January 1842 when two brothers, Joseph William Gray and Admiral Nelson Gray, took over ''The Cleveland Advertiser'' and changed its name to ''The Plain Dealer''. ''The Cleve ...
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