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Progressive to Begin Returning Excess Profits to Florida Auto Insurance Policyholders
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Progressive to Begin Returning Excess Profits to Florida Auto Insurance Policyholders
Progressive Insurance will begin issuing credits to Florida personal auto policyholders after determining it exceeded the state’s statutory profit limit for the 2023-2025 accident year period. Florida law requires insurance carriers to return excess profits on a pro rata basis to policyholders when profits exceed the statutory limit. The insurer said it is issuing credits …
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