Why will Progressive be paying Massachusetts $120,000?
If you haven’t heard, Progressive was investigated for its business practices after entering the Massachusetts insurance market in May of 2008. Attorney General Martha Coakley was the first to draw attention to the problem. From the start of their operations until late last year Progressive was comparing their 6 month premium prices with other companies 12 month premium. After Progressive realized they had made a huge mistake they did try to fix their mistakes but it did not help them when the charges were finally settled on May 26, 2009.
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