What was the overall trend in driving behavior as states began to reopen?
Why Progressive Is Giving Money Back to Policy Holders
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The video discusses the impact of reduced driving on insurance claims and stock prices, highlighting how fewer accidents led to fewer claims. It also covers market growth and driving trends post-COVID, noting that driving levels are still below pre-COVID levels. The video explains why insurers offered rebates and adjusted rates, emphasizing the importance of competitive pricing and ethical business practices.
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How did the insurance company respond to the changes in driving behavior during the pandemic?
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