[gzer0]

Shamelessly greedy auto insurers like Progressive and Travelers are raking in record profits and enjoying sky-high stock prices, with Travelers even surpassing a $100 billion market cap, yet they still have the audacity to gouge policyholders with double-digit rate hikes up to 45%. If payouts truly exceeded premiums during the pandemic as these corporate behemoths claimed, how can they now be pocketing their fattest profits ever after the extreme hikes? The simultaneous jackpot profits and outrageous increases in what people pay expose the insurers' justifications as bald-faced lies. The industry giants are clearly bamboozling regulators and customers simply to boost their already-soaring income and profits at regular folks' expense. Their profiteering tactic: fabricated reasons to hike rates exorbitantly no matter what the economic reality [1].

This needs to stop. We need change.

[1] https://www.wsj.com/finance/insurance-companies-profits-stoc...

[tacocataco]

Is there a cheaper insurance company then these two?