US EditionFlorida secures nearly $1B in credits for Progressive auto insurance policyholders, DeSantis says
Florida's 2022-2023 litigation reforms cut expenses, allowing Progressive to issue nearly $1 billion in rebates, averaging $300 per policyholder, officials said.
- On Wednesday in Sarasota, Gov. Ron DeSantis announced that the state secured nearly $1 billion in credits for Progressive Insurance policyholders, joined by Michael Yaworsky, Florida Office of Insurance Regulation Commissioner.
- The state credits stem from litigation reforms passed in 2022–2023 that made it harder for plaintiffs' attorneys to collect large fees and adjusted statutes of limitations, lowering lawsuit incentives.
- For some 2.7 million Florida policyholders, Progressive Insurance will return an average rebate of $300, with payments expected as credits or checks in early 2026.
- DeSantis said other insurers may follow and could offer rebates by Jan. 1, while the Office of Insurance Regulation urged companies to proactively report profits and credits to OIR.
- The developments position Florida's market as more stable, with top five auto insurers averaging a 6.5% rate cut for 2025, covering 78% of the market, while 17 new insurers backed by over $574 million surplus enter and over 694,000 policies return to private insurers.
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Sun Newspapers
The Center SquareSettlement sends $1B from Progressive to Florida drivers
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DeSantis: Progressive to issue nearly $1 billion in credits to Florida policyholders
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Florida Today
DeSantis says Florida auto rebates from Progressive coming
For some 2.7 million Progressive policies in the Sunshine State, the money may appear early in 2026.
DeSantis: Progressive Insurance To Refund Nearly $1 Billion To Florida Auto Policyholders
Governor Ron DeSantis, joined by Insurance Commissioner Michael Yaworsky, announced Wednesday that Florida’s recent insurance reforms are leading to significant consumer savings, highlighted by Progressive’s planned refund of nearly $1 billion to Florida auto policyholders. The announcement, made in Sarasota, emphasized that the state’s historic tort and insurance reform efforts are driving down rates, attracting […] DeSantis: Progressive Insura…
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