Progressive Insurance refunds: will Florida drivers really get $200 checks back from record profits?

Progressive Insurance customers in Florida could soon receive a surprise payout, as the company is expected to issue refunds of $150 to $200 per driver. Under Florida law, auto insurers are not allowed to exceed a set profit margin over a three-year period. If they do, the excess must be returned to policyholders. Progressive reportedly went beyond those limits, triggering the obligation to issue refunds.