NORTHBROOK, Ill., Oct. 3, 2011 /PRNewswire/ -- 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 is pleased to have reached a resolution with
Progressive and will continue to introduce Allstate's 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.
Although confident in the merits of its case, Allstate is
pleased to be able to leverage its patent portfolio in this
settlement by providing a license to Progressive and to eliminate
the distraction from this litigation.
About Allstate
The Allstate Corporation (NYSE: ALL) is the nation's largest
publicly held personal lines insurer known for its "You're In Good
Hands With Allstate®" slogan. Now celebrating its 80th anniversary
as an insurer, Allstate is reinventing protection and retirement to
help nearly 16 million households insure what they have today and
better prepare for tomorrow. Consumers access Allstate insurance
products (auto, home, life and retirement) and services through
Allstate agencies, independent agencies, and Allstate exclusive
financial representatives in the U.S. and Canada, as well as via www.allstate.com and
1-800 Allstate®.
SOURCE Allstate Insurance Company