Progessive exhausts $200mn property reinsurance after Ida losses
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Progessive exhausts $200mn property reinsurance after Ida losses

Eileen AJ Connelly
17 September 2021
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Progressive logo storm surge.jpg

Progressive has exhausted its $200mn property reinsurance after losses from Hurricane Ida.

The Mayfield, Ohio-based carrier said on Friday it expects $510mn aggregate catastrophe losses associated with the storm, which came ashore as a Category 4 hurricane on 29 August near Port Fourchon, Louisiana, slamming into the Gulf region with 150...

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Eileen AJ Connelly
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