The Progressive Corporation today announced the resignation of one of its Directors, Philip A. Laskawy. Mr. Laskawy, who had served on the Board of Directors since 2001 and as Chairman of the Audit Committee since April of 2003, informed the Company that his ongoing involvement as the Chairman of the International Accounting Standards Committee Foundation, which had caused him to miss the two most recent Board meetings, was likely to limit his active participation on the Company's Board of Directors for the foreseeable future and that, as a result, he had decided to resign effective immediately. The Board of Directors has appointed Stephen R. Hardis to replace Mr. Laskawy as the Audit Committee Chairman.....
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