So you now have a billion dollars that's going to be rebated from progressive to auto policies in Florida. And then State Farm announced a 10% reduction in [auto insurance rates]. and other companies are now announcing reductions. And that's just because of the reforms that we did, 2022, 2023, period, takes time for those to go in. (04:28–04:32)
CLAIM
Asserts that State Farm announced a 10% reduction in auto insurance rates in Florida.
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