Flurry of resignations helped place storied insurer on path to sale
Protective Insurance Corp. soon will disappear from Indiana’s public company rolls, and part of the reason is Steve Shapiro, a guy you probably have never heard of.
Protective Insurance Corp.
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Carmel-based Protective Insurance to be acquired by Progressive
Insurance giant Progressive is purchasing Protective in a stock deal worth $338 million. Protective, known as Baldwin & Lyons Insurance until 2018, is the Indianapolis-area’s 12th largest public company in terms of annual revenue.
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Finance vets angle for control of Protective Insurance
The business—formerly Baldwin & Lyons Insurance—is one of central Indiana’s oldest public companies.
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Protective Insurance seeks to regain footing in tough environment
Industry-wide challenges led Carmel-based Protective Insurance Corp. to a $34.1 million annual loss last year, its biggest in decades.