Infinity Auto to refund $46 million to Florida drivers within 60 days

Drivers who had Infinity Auto insurance will receive $46 million in refunds, Florida's Office of Insurance Regulation says.The refunds come after the insurer collected too much profit over the years 2023, 2024 and 2025, triggering the state's excessive profits law. Drivers who have Infinity Auto will receive those refunds within 60 days.Florida law examines an auto insurer's profits over three years. If those profits exceed the company's expected underwriting profit, plus 5% of premiums, the excess must be returned."Insurers must act in the best interest of Florida consumers, and I commend Infinity Auto for reviewing their finances and providing data promptly to the Office of Insurance Regulation. We are aware of other auto insurance companies approaching the statutory threshold for excess profits and anticipate more announcements of refunds for Floridians in the near future," Commissioner Mike Yaworsky said. Infinity Auto is the latest in a series of insurers returning money to Florid