Progressive Insurance is the latest company to drop the common-sense and common-interest protection it offered for its life insurance policies, a move that critics say will put consumers in danger.
The Progressive Insurance website says that it will change its terms of service “as a matter of policy and to preserve consumer choice and the safety of the individuals who buy our policies.”
The Progressive website also says that the changes will “reduce costs by eliminating unnecessary claims, limiting the risk of injury and death, and minimizing claims and administrative costs.”
Progressive also says it will “evaluate the impact on your policies as a result of the changes, and may adjust the policies to meet the new standards as required by the Federal Government.”
The statement does not include details about what the changes mean for the current policies that have been sold through Progressive Insurance, which has a history of selling life insurance through Progressive insurance.
“We’ve always been proud of our history of customer service and quality products,” Progressive Insurance spokesperson Scott Bittman said in a statement to The American Journal of Insurance and Business.
“The changes that are made today are consistent with our long-standing commitment to quality and integrity.”
Profitability, which is the company’s measure of the profitability of a business, is the measure of how much the business earns on a monthly basis.
The company said in its statement that it has “been transparent with the Federal government about our policies and has not engaged in deceptive practices or used misleading terms or methods in our advertising.”
“We understand the impact the changes may have on some consumers, and will carefully review the impact to ensure our customers have the best protection and the most cost-effective coverage,” Bittmann said.
“We will make adjustments as required.”
Props, a nonprofit company, offers health and personal care products through more than 2,600 insurers across the United States, as well as on its website.
Progressive says its products offer a range of benefits and provide the “most effective way to manage your health and save money.”
Problems have emerged over the past few years about Progressive’s practices, with complaints and complaints of fraud and fraudulent billing.
The insurer has also been sued in federal court in Florida and Florida state court in New York, alleging that its policies are unenforceable.
Progressive has been sued on numerous occasions by insurers and consumer advocates.
Progressive is also a leader in the insurance industry, as the company has been for years.
It offers policies through many companies, including Aetna, UnitedHealthcare, Blue Cross Blue Shield, Molina Healthcare, BlueCross Blue Shield of North Carolina, United Care, Cigna, Humana, and others.