Progressive to retain only 14% of $1.4bn Ian property loss
Reinsurance News - Oct 13, 2022
Property and auto-focused insurance group, The Progressive Corporation, has reported that it incurred $1.4 billion of property losses from Hurricane Ian, of which it is set to retain $200 million. This means that $1.2 billion, or 86%, of the company’s gross loss will be absorbed by its reinsur...
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