Market share points to potential for $1bn+ Geico, Progressive Ian losses
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Market share points to potential for $1bn+ Geico, Progressive Ian losses

Geico Progressive flooded road.jpg

Geico and Progressive may face gross losses exceeding the $1bn mark due to auto damage from Hurricane Ian, based on market share analysis applied to an extrapolation from Karen Clark’s figures.

Clark – who leads cat modeller Karen Clark & Company (KCC) – told this publication that auto losses will make up at least 10% of total losses from Hurricane Ian, well ahead of a typical auto share of 3%-5%,...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article