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31 August 2023Insurance

Citizens, Progressive, Chubb, Allstate and AIG to face top Idalia losses

Industry losses of $5 billion from Hurricane Idalia amongst major market-listed re/insurers could be led by US insurance carrier Progressive, well ahead of lingering leaders Chubb, Allstate and AIG, with personal lines carriers managing to take relief from reinsurance recoveries, one key equity brokerage is telling investors.

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