Progressive settles over wrong Mass. rate quotes
Wednesday, May 27,2009, 3:40:02 PM Click:
BOSTON - The Ohio-based Progressive insurance company is paying Massachusetts $120,000 and will reimburse customers after volunteering that its Web site had provided inaccurate rate comparisons.
The Progressive Casualty Insurance Co. began selling policies in Massachusetts on May 1, 2008, as part of Gov. Deval Patrick's new managed competition auto insurance system.
Attorney General Martha Coakley says Progressive sometimes quoted prices for yearlong policies when asked for the prices of six-month policies, which usually are more expensive.
As part of a settlement announced Tuesday, the company has eliminated its rate comparison tool for Massachusetts quotes, and telephone representatives have stopped quoting comparisons.
A Progressive spokeswoman says the company is happy to resolve the problem.
The company is based in the Cleveland suburb of Mayfield Village and has 28,000 employees in more than 450 offices nationwide.
You may also be interested in:
- SEC Throws The Book At AIG's Former Bosses
- NAIC Works Towards uniform global regulatory standards
- FM Global Rolls Out Modifications to its Fire Protection Standards
- Update: More Sue Willis Holdings Over Alleged Role in Bank Fraud
- Insurance executives expect to increase in 2010 are, however, moderate on the subscription profits: KPMG survey
Featured
MetLife Executive to Speak at Wachovia Conference
NEW YORK--(BUSINESS WIRE)-- Anthony J. Nugent, executive vice president,
Gov't plan can coexist with private insurance
WASHINGTON_A new health insurance scheme called by President Barack Obama and
Colo. House panel approves takeover of insurer
Copyright: The Associated Press. All rights reserved. May This material may not
Sector Wrap: Health Insurance in most cases the rise
Copyright: The Associated Press. All rights reserved. May This material may not
Zurich now offers three new insurance programs for
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Zurich, a leading property and casualty
Graniz Mondal Inc. Enters Into Letter of Intent With
MONTREAL, QUEBEC -- (MARKET WIRE) -- 06/22/09 -- Graniz Mondal Inc. (Graniz)
MOST POPULAR
- Most Read
- Most Discussed
- Most Emailed
- how much is car insurance for a 16 year old
- Holywood's Rory McIlroy Has Forked Out for a New Ferrari F430 in Gun-Metal Grey
- an insurance policy with bodily injury coverage covers
- Farmers Acquires 21st Century Insurance
- AAA Tipsy Tow helps drivers Sunday
- Meet Justin Case (Though He Doesn't Really Exist): More Advertisers Are Choosing "Average Joe" Actors Over Celebrities
- Cheap Car Insurance for Young Drivers - Useful Strategies
- ScotiaLife Financial Expands Offering to Include Home and Auto Insurance
- Appeal Court Upholds Alberta's $4,000 Cap on Payouts for Min
- Hit By an Uninsured Motorist? Get Help With Auto Insurance Claim Questions
-
On Monday morning BRIEFING -
Lawyer group auto insurance Say report is good news for vict -
Infinity Insurance Interview Goes Digital for the management -
Depreciation Wipes Out Scrap Cash 'in 88 Days' -
BRIEF: Former Apple Valley Resident Arrested for Auto Insura -
ScotiaLife Financial extends offer insurance products, including home and automobile -
Bus company pays no crash -
Kerr: Ad is Rotten, Johnny
Discuss this news
Click Here to see all comments