The Schall Law Firm is investigating State Farm, Travelers, and Progressive for allegedly increasing homeowners' insurance deductibles and altering payout calculations without informing policyholders. The insurers reportedly created separate, higher deductibles for wind, tornado, and hail damage and shifted some policies from full repair cost coverage to lower "cash value" payouts. Homeowners affected by these changes may join the investigation and seek legal advice from the firm. This case highlights potential unfair practices in homeowners insurance policies that could impact many policyholders' claims and costs.
Progressive is recommended as a buy, offering an 8% upside to a fair value of $230–$235 and a 3–4% dividend yield. The company's Q2 results were strong, with earnings per share of $5.67 and a combined ratio of 87.3%, although June's 90% ratio indicat...
Progressive Corporation reported a 4% increase in net income for the quarter ended June 30, 2026, reaching $3.31 billion compared to $3.18 billion in the previous year. However, net income for the June quarter alone fell 31% to $779 million from $1.1...
