Progressive’s Helene property losses under $200mn retention threshold
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Progressive’s Helene property losses under $200mn retention threshold

The company incurred $563mn of total cat losses related to the storm.

By Caroline Ryan
October 15, 2024
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Progressive ceded no amounts related to Hurricane Helene under the company’s excess of loss reinsurance program, as its incurred property losses and allocated loss adjustment expenses (ALAE) did not exceed the $200mn retention threshold, the company noted in its...

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