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New York 2008: Progressive Insurance CEO on why he's spending $10m on the Auto X Prize

In the general hub-bub before the Automotive X-Prize kick-off event yesterday, we cornered Progressive Insurance's President and CEO Glenn Renwick for a few brief moments to get his thoughts on the prize. I mean, it's his company that is putting up the ten million dollars in prize money, so you can bet he's thought long and hard about paying someone that much for a freakin' car. While insurers are not usually known for being happy about seeing money go out the door, Renwick said he hopes the company does indeed fork over the money at the end of ... Read more →

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