Washington state regulators have fined auto insurer Progressive over $150,000 for a second instance of charging improper premiums to policyholders within two years.
According to the office of Washington Insurance Commissioner Mike Kreidler, Progressive Classic Insurance Co. and Progressive Northwestern Insurance Co. used unapproved rates to calculate premiums for uninsured motorist bodily injury and property coverages during a seven-month period ending April 2006.
These unapproved rates, according to Mr. Kreidler's office, led to policyholders being overcharged or undercharged.
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