Last month, Hurricane Ian, the fifth-strongest hurricane on record to hit the U.S., plowed into Florida's southwest coast. The storm tore through the region's low-lying towns and neighborhoods along its path, leaving many to deal with its destruction.

According to Karen Clark & Co., a risk-modeling firm, losses from Hurricane Ian will cost private insurers as much as $63 billion -- making it the most expensive storm in Florida's history. Progressive (NYSE: PGR) is one insurer that faces hundreds of millions in losses from the storm.

Despite the significant losses, Progressive can weather this storm like those that came before it. Here's why.

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Source Fool.com