Allstate Insurance Company, Allstate Fire & Casualty Insurance Company and Progressive Casualty Insurance Company have agreed to settle litigation involving usage-based insurance and online insurance policy-servicing patents and certain trademarks.
The parties have also agreed to settle related counterclaims.
Allstate has reached a resolution with Progressive and will continue to introduce its Drive Wise telematics usage-based insurance program.
As part of the settlement, the parties have cross-licensed certain patent rights to each other, including a license flowing from Allstate to Progressive regarding a usage-based insurance patent.
Both parties have also agreed to enter into a trademark coexistence agreement involving the Drive and Drive Wise trademarks.
Other terms of the settlement remain subject to the parties’ agreement to confidentiality.