Progressive sees $510mn cat losses from Ida

September 17, 2021

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Progressive expects $510mn of catastrophe losses associated with Hurricane Ida, the company said on Friday.

The Mayfield, Ohio-based carrier booked $341.9mn in cat losses, adding 9.7 loss ratio points, which helped push its loss ratio in its property business to 197.4%

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Progressive sees $510mn cat losses from Ida

Progressive expects $510mn of catastrophe losses associated with Hurricane Ida, the company said on Friday.

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Progressive sees $510mn cat losses from Ida

Progressive expects $510mn of catastrophe losses associated with Hurricane Ida, the company said on Friday.

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Uncover exclusive insights tailored for insurance leaders

Topics

Aon posts 5% Q1 organic growth and welcomes early NFP deal close

Gallagher Q1 M&A pipeline up to 50 term sheets

Q1 earnings roundup April 25: Gallagher, Kinsale, The Hartford, CinFin, Universal

Aon completes NFP acquisition for $13bn

Employee benefits InsurTech Beam canvasses investors for capital raise