Progressive and Allstate Reach Settlement

Progressive Casualty Insurance Company has reached a settlement agreement with Allstate Insurance Company and Allstate Fire and Casualty Insurance Company regarding litigation in which Progressive alleged that Allstate infringed on its patents for usage-based insurance and online insurance policy-serving technology, as well as trademark infringement.

As part of the agreement, Progressive has granted a license to Allstate under Progressive’s usage-based insurance and policy-servicing patent portfolios; and the companies have entered into a trademark co-existence agreement involving the “Drive” and “DriveWise” trademarks.

Additional details of the settlement will remain confidential, Progressive said.

“This was about protecting and leveraging Progressive’s investment of more than 15 years in usage-based insurance research, development, testing and piloting,” said Chuck Jarrett, Progressive’s chief legal officer. “We have always said we are willing to license our intellectual property rights to others and that we will enforce those rights when necessary.”