Progressive reports increased cat losses in Q2’23, exceeds reinsurance retention thresholds
Reinsurance News - Aug 02, 2023
Property and auto-focused insurance group, Progressive, has revealed a significant rise in catastrophe losses for the second quarter of 2023, driven by a surge in severe weather events across the US. The company reported a total net catastrophe loss of $1.024 billion for Q2 2023, marking a substanti...
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