On Friday, Progressive Corp (NYSE:PGR)’s shares declined -1.14% to $29.47.
Safe drivers can soon earn discounts on their auto insurance using just their mobile phones. Progressive® Insurance has formally chosen Censio to develop the software for the insurance company’s leading usage-based insurance program, Snapshot. The company will start a pilot of the mobile app with select customers across the country in mid-September.
The Snapshot® mobile app will automatically monitor and measure drivers’ data – such as time of day, mileage and hard braking – to potentially earn a discount on auto insurance through Progressive’s program. At the end of each trip, the mobile app will give drivers personalized information, counting a one to five star rating, a data summary, a map of their drive, and tailored driving tips, to assist them improve their score. New Snapshot customers will have the option to use either the Snapshot app, accessible for both iOS and Android operating systems, or the traditional telematics device.
Censio is a Boston-based company dedicated to developing mobile technologies for usage-based insurance. The developer’s partnership with Progressive will put its app in consumers’ hands for the first time.
The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company’s property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its Personal Lines segment writes insurance for personal autos and recreational and other vehicles. Its products comprise personal auto insurance; and special lines products, counting motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles.
Allstate Corp(NYSE:ALL)’s shares gained 0.04% to $57.06.
This college football season, Allstate Insurance Company and ESPN college football analyst, Kirk Herbstreit will give college football teams the validation their passionate fans are looking for in the form of #StreitCred.
Each week during the college football season, @Allstate and @KirkHerbstreit will share which teams are deserving of #StreitCred, spotlighting the strongest team performances and standout moments as they unfold on the gridiron. The schools selected, regardless of ranking, will be given the ultimate badge of honor and bragging rights from Herbstreit himself. Fans can follow the conversation on Twitter and weigh-in on what teams they think are deserving of #StreitCred.
Allstate also declared recently the launch of its second annual “It’s Good Sweepstakes,” which will award one lucky grand prize winner and three friends with a trip to New Orleans for the 2016 Allstate® Sugar Bowl® before traveling to Phoenix for the 2016 College Football Playoff National Championship. The winner will receive $100,000 and a meet and greet with Herbstreit as part of the grand prize package.
The Allstate Corporation, through its auxiliaries, engages in the property-liability insurance and life insurance businesses in the United States and Canada. The companys Allstate Protection segment sells private passenger auto and homeowners insurance products under the Allstate, Encompass, Esurance brand names. It also provides specialty auto products, counting motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products comprising renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; roadside assistance products; and commercial products for small business owners, in addition to insurance agency services.
At the end of Friday’s trade, Norfolk Southern Corp.(NYSE:NSC)‘s shares surged 0.01% to $76.54.
Norfolk Southern Corporation (NSC) Executive Vice President Finance and Chief Financial Officer Marta R. Stewart will make a presentation during the 2015 Citi Industrials Conference.
What: 2015 Citi Industrials Conference
When: Wednesday, Sept. 16, 2015, 2 p.m. EDT
Where: The Ritz Carlton, Boston Common, Boston, Mass.
Norfolk Southern Corporation, together with its auxiliaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2014, it operated about 20,000 miles of road in 22 states and the District of Columbia. The company also operates planned passenger trains; transports overseas freight through various Atlantic and Gulf Coast ports; and provides logistics services.
CME Group Inc(NASDAQ:CME), ended its Friday’s trading session with 0.54% gain, and closed at $92.43.
CME Group, the world’s leading and most diverse derivatives marketplace, recently declared it will expand its base metals offering with the introduction of a new Aluminium European Premium Duty-Unpaid (Metal Bulletin) futures contract to start trading on 21 September, 2015. Pending relevant regulatory review periods, the new contract will be accessible for trading on CME Globex and for submission for clearing through CME ClearPort, and will be listed with and subject to the rules and regulations of COMEX.
These new contracts will complement CME Group’s existing suite of aluminium risk administration tools, counting its Aluminum MW U.S. Transaction Premium futures and physically delivered Aluminum futures. Industry participation in the Aluminum Midwest Premium contract has steadily raised, trading the equivalent of more than 650,000 metric tons since their launch in April 2012 and reaching a record 19,335 contracts open interest on 1 September 2015. Aluminum futures, which were introduced in May of last year, serve as a reference price for the North American aluminium industry and allow participants to better manage their price risk.
CME Group Inc., through its auxiliaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products for trading and/or clearing across various asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals. The products comprise exchange-traded; and privately negotiated futures and options contracts and swaps.
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