Progressive Insurance Fined, Will Refund Customers

Feb. 12, 2019
Progressive Insurance will refund thousands of customers in Rhode Island for improperly charging them auto insurance.

Feb. 12, 2019—Progressive Insurance will refund customers in Rhode Island nearly $2 million, reported Insurance Business

A consent agreement with the state Department of Business Regulation (DBR) revealed that 4,933 Progressive policies were “surcharged out of compliance using a six-month renewal period instead of a 12-month renewal period.” These policies were charged extra over a five-year period, according to the report.

Following the DBR’s rate filing review, Progressive announced that it would issue $1,900,000 in refunds and interest to 4,096 former policyholders. The insurer will also issue $80,000 in credits to 837 current policyholders, and has agreed to pay a $10,000 fine.

Sponsored Recommendations

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Banking on Bigger Profits with a Heavy-Duty Truck Paint Booth

The addition of a heavy-duty paint booth for oversized trucks & vehicles can open the door to new or expanded service opportunities.

The Autel IA700: Advanced Modular ADAS is Here

The Autel IA700 is a state-of-the-art and versatile wheel alignment pre-check and ADAS calibration system engineered for both in-shop and mobile applications...

Boosting Your Shop's Bottom Line with an Extended Height Paint Booths

Discover how the investment in an extended-height paint booth is a game-changer for most collision shops with this Free Guide.