Progressive
-
Growth continued to slow as the company responds to adverse loss-cost trends.
-
Progressive races for rate, with Allstate slightly slower to account for a recent acquisition and restructuring.
-
The executive said Progressive was taking steps to address “persistent underperformance” in its property segment and emphasized the need to avoid concentrations of risk in areas with significant catastrophe exposure.
-
PIF growth is slowing as the firm sees worsening loss-cost trends, and this quick response will likely allow it to outperform peers again.
-
Trucking companies, having already increased self-insured retentions by millions, will need to contend with further rate increases into 2024.
-
Inside P&C's Research team looks at the prospects of Florida's wave of new arrivals.
-
Remi Kent succeeds Jeff Charney who announced his retirement in March.
-
In a month impacted by hurricane losses, earnings showed slower growth and no improvement in underlying loss ratio.
-
Progressive expects $510mn of catastrophe losses associated with Hurricane Ida, the company said on Friday.
-
Ida soaks the tri-state – and has the potential to affect personal auto carriers more than comparable storms of the past.
-
The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.
-
With predicted $20bn in losses, KBW doesn’t see meaningful change to the rate increase trajectory.
Related
-
January cat heatmap: California wildfires fuel rise in cat losses
February 21, 2025 -
Progressive pegs October vehicle losses from Milton, Helene at $206.5mn
November 15, 2024 -
Progressive remains committed to Florida: Commissioner Yaworsky
August 12, 2024 -
Where do insurance companies stand if a US recession hits?
August 07, 2024