Progressive?

Progressive Insurance Company is a very good marketing company and would like the public to think that the transportation insurance marketplace is their oyster.

Recently they did two things that created a new level of hubris.

First of all they have advertised that they are the largest writer of commercial truck policies than any other carrier. They mention policies, not operating units or radius ( they do no long haul) or classes.

Secondly, they have introduced an any auto endorsement. Here is the advertisement

" Imagine this scenario -- a customer has commercial auto insurance for his small business. Before it's time to renew his policy, he buys a new truck, forgets to notify his insurance agent about it so that the agent can update his policy. Then the customer causes an accident.

"A scenario like that could raise errors and omissions issues for independent insurance agents," said Mike Miller with Progressive's commercial auto insurance group. But, according to Miller, a new endorsement -- Any Auto Liability -- could limit the agent's exposure.

"An Any Auto Liability endorsement from Progressive can limit E&O exposure in those situations by filling the gap created when commercial auto insurance customers get new vehicles but don't update their policy until it's time to renew," Miller said"

All sounds good until you have a start up insured buy 1 unit, fail to add 10 units and show up at renewal with 11. Can you imagine the missed premium and the audit issues. It will be interesting to see