Drivers have just a short time left to claim part of a $1.76 million settlement tied to alleged unfair insurance premiums. While Progressive denies any wrongdoing in the class action lawsuit, the clock is ticking for eligible parties to file for their share.
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Auto Insurance
Last chance for drivers to claim payment from $1.76 million ‘unfair insurance premium’ settlement
Photo by The Sun
Key Takeaways:
- Progressive is paying $1.76 million to settle claims of unfair insurance premiums
- The settlement is part of a class action lawsuit in New Mexico
- Progressive has not admitted to any wrongdoing
- Time is running out for eligible drivers to claim direct payments
Introduction
Time is short for drivers to file a claim in a class action settlement involving Progressive, which has agreed to pay $1.76 million to resolve allegations about unfair insurance premiums. Though the insurance provider does not acknowledge any wrongdoing, it aims to bring closure to the legal dispute through this payout.
Settlement Details
The settlement arises from claims that Progressive charged premiums deemed unfair by certain customers. According to the legal case, these alleged unjust rates affected drivers in New Mexico. The total sum of $1.76 million covers payments to eligible class members, legal fees, and related costs. In reaching this agreement, the insurer maintains it followed proper policies and does not concede to any misconduct.
Class Action Dynamics
A class action lawsuit enables a group of similarly affected individuals to join forces and seek legal remedies collectively. Here, drivers who believe they were affected by what they call “unfair insurance premiums” are part of a defined class, meaning they can claim part of the settlement. The agreement covers only those who meet the specific criteria set by the legal proceedings.
Why Urgency Matters
The clock is ticking. Settlement administrators usually set a final date by which impacted parties must file their claims or lose their right to receive a payment. Reports indicate that time is running out for eligible drivers to take action, underscoring the importance of reviewing any notices or documentation they have received related to this lawsuit.
Final Considerations
While Progressive neither accepts liability nor admits to any wrongdoing, the settlement provides a route for affected consumers to receive compensation. Taking the time to submit a claim before the deadline can help ensure that drivers are not left out of a potential direct payment. If you or someone you know might be covered by this settlement, it is essential to request and file the necessary forms as soon as possible.
