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Allstate Insurance, Progressive Casualty Insurance settle litigation

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.