Protective Insurance Corp. – Indianapolis Business Journal

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Flurry of resignations helped place storied insurer on path to sale

March 26, 2021

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.

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Carmel-based Protective Insurance to be acquired by Progressive

February 16, 2021

Susan Orr

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

May 15, 2020 |

Greg Andrews

The business—formerly Baldwin & Lyons Insurance—is one of central Indiana’s oldest public companies.

Protective Insurance seeks to regain footing in tough environment

July 2, 2019

Industry-wide challenges led Carmel-based Protective Insurance Corp. to a $34.1 million annual loss last year, its biggest in decades.

MAY 29-JUNE 4, 2026

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