Progressive 2007 Annual Report Download - page 24

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23
O
We soon realized that underwriting, pricing and servicing homeowners insurance
was not our area of expertise. Nevertheless, we understand consumers’ desire for
more coverages from one company. That is why in
2006
we introduced a Personal
Umbrella product and partnered with third-party providers to integrate their
homeowners product into our offerings creating a virtual auto/home package.