Allstate Corp and Progressive Corp, the auto insurers, have reached a settlement for a patent dispute that had been occurring between the two insurance giants, which was over technology that allowed the companies to alter a driver’s premiums based where, how, and how frequently he or she drives. The dispute began when Progressive filed a lawsuit against Allstate, claiming that the latter had infringed on patents and trademarks owned by the former, which are a part of “usage-based” insurance. Progressive released a statement that explained that some of its patent…
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Auto insurance anti-stacking language causes disagreements between insurers and lawyers
Following an April vote by Wisconsin lawmakers that permitted the inclusion of anti-stacking language in auto insurance policies, it is anticipated that one of the first acts from the Republican-controlled state legislature will be a decision to permit insurers to disallow policy stacking. The decision in April was made in an attempt to resolve a common battle that was regularly being fought between trial lawyers and insurers. What occurred was the repealing of every element of the “Truth in Auto” law that was passed in 2009, except for the aspect…
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