Progressive plans to raise private passenger auto rates 8% to 12% in 2023: CEO
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Progressive plans to raise private passenger auto rates 8% to 12% in 2023: CEO

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Progressive CEO Tricia Griffith has said that the carrier plans to take 8% to 12% of rate in private passenger auto “to catch up and stay ahead of trend”.

On a call with analysts, the executive added, “We thought the largest rate increases were behind us, but this has been a really volatile time, and so we're just reacting to what we’re seeing right now.”

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