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In Reply to: Re: Progressive Corp. sues Liberty Mutual Group posted by Fatty on June 30, 2010 at 06:59:00:
Progressives Name Your Price calculator for car insurance coverage which the company recently rolled out in 30 states
Anyone tried it?
Henry
: Liberty Mutual Group getting a dose of their own legal medicine! But pay-per-mile is a product whose time has come.
: : Progressive Corp. is a bit offended by Liberty Mutual Group's in-car monitoring system to help determine auto insurance rates based on the mileage driven in the vehicle.
: : The Mayfield Village, Ohio-based company has filed a lawsuit against Liberty Mutual in an Ohio federal court claiming Liberty Mutual copied its idea on using the in-car monitoring system. Progressive claims Liberty Mutual's productsOnBoard Advisor and Rewindare copyright infringements on Progressive's MyRate program, which received a patent in 2000.
: : Progressive introduced the first in-car monitoring system in 1999. The program offers drivers a wireless monitoring device that charts distance, how quickly the driver accelerates, brake usage, and time of day they travel.
: : The driver's insurance rate for the month is determined based on the information gathered by the vehicle's on-board diagnostic system, which is evaluated by Progressive.
: : Our extensive research, development and investment in usage-based insurance dates back to the mid-1990s, a spokeswoman for Progressive said in a statement. We filed this suit to protect intellectual property rights we have spent more than 15 years investing and developing.
: : Progressive alleges in the lawsuit that Boston-based Liberty Mutual's programs include each and every feature of its patented service.
: : Liberty Mutual would not comment on the matter.