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Progressive settles with accident victim’s family after tale went viral
[Quote]:
Insurance company Progressive felt the wrath of the Internet this week after the brother of a policyholder who died in a car crash posted a startling missive about how the family’s claim was handled. Progressive has now reached a financial settlement with the family.
[..]
The family’s attorney, Allen Cohen, told CNN it was a monetary settlement for “tens of thousands of dollars” more than the $75,000 claim balance that the family was originally seeking.
The payment “is for their failure to exercise good faith towards their insured,” Cohen told CNN. “While I cannot tell you the amount, they did pay 100% of what we asked in this regard.”
[..]
As one commenter wrote on Progressive’s Facebook page after it announced the settlement deal: “Hey look at that, you agreed to pay off the claim the family was originally entitled to. All it took was losing a trial, a media firestorm, and the impending loss of countless customers.”
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“…impending loss of countless customers.” I would say damage was already inflicted. Take a look at their stock prices.
Well, let’s hope this paves the way for insurance companies to focus more on what they do best, organising orgies for their staff: http://www.spiegel.de/international/business/ergo-report-reveals-details-of-budapest-bathhouse-sex-party-scandal-a-850168.html
Sample quote : “Hiring prostitutes oversteps ethical and moral boundaries,” the auditors write in their report.
Hey, that party was good for our economy! They hired lots of girls, which means an increase in consumption and sales tax
And they choose one of the best venues for the event.