Progressive Insurance® Allocates Over $3 Million to Support Disaster Relief Efforts
"Always guided by our core values, doing the right thing is imperative to us," said Progressive President and CEO
Progressive is taking the following actions to support its customers, employees, agents, and communities following the natural disasters across the country:
-
The Progressive Insurance Foundation has donated$1 million to theAmerican Red Cross which provides disaster relief, shelter, food, and medical care during natural disasters. - Progressive is setting aside
$1 million for agent relief.$800,000 has been donated directly to the national Big "I"Trusted Choice Relief Fund . The fund provides quick, critical financial relief to independent agents, ensuring they can recover swiftly and continue serving their communities after catastrophes. The fund awards grants to licensed agents and non-licensed agency employees. The remainder of the agent-specific relief dollars will be used for ad hoc agent support in which consideration will be given to agents with specific, urgent needs determined on a case-by-case basis. - Progressive has allocated an additional
$1.4 million to itsEmployee Relief Fund through the creation of an immediate response program available to eligible employees affected by Hurricane Helene and Milton. The fund, to which Progressive has allocated$5 million in total throughout 2024, helps employees facing hardships either due to a natural disaster or unforeseen personal hardship. The fund is managed by theEmergency Assistance Foundation, Inc. which oversees all aspects of issuing employee relief grants.
About Progressive
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.
The Common Shares of
View original content to download multimedia:https://www.prnewswire.com/news-releases/progressive-insurance-allocates-over-3-million-to-support-disaster-relief-efforts-302284715.html
SOURCE