Progressive CEO: Ian special lines cat losses $290mn, driven by boat losses
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Progressive CEO: Ian special lines cat losses $290mn, driven by boat losses

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In a letter to shareholders, Progressive CEO Tricia Griffith disclosed that the carrier's estimated cat losses for special lines products totaled around $290mn, with boat losses accounting for 60% of the total.

“While we don’t normally comment on our special lines products separately, I thought that it would be prudent to do so this quarter based on the impact that Hurricane Ian had on these products,” she said.

Meanwhile,

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