Investigation and a pending class action lawsuit against Progressive Insurance Company relating to its practices of paying medical bills.
THe pending class action alleges that Progressive failed to pay providers of medical benefits (such as physicians, hospitals, and equipment suppliers) within 30 days of the date they submitted bills for medical treatment they provided to Progressive's insureds who were injured in motor vehicle accidents, yet nonetheless failed to pay interest on those overdue bills as required by the Pennsylvania Motor Vehicle Financial Responsibility Law ("MVFRL").
The complaint survived Progressive's preliminary objections and in December 2003, the Court certified the case as a class action on behalf of all medical providers whose bills were not paid by Progressive within 30 days where Progressive did not include the 12% interest mandated on such overdue bills by the MVFRL.
Name (Stock Symbol)
Progressive Casualty Insurance Company
Progressive Casualty Insurance Company provides automobile insurance.
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