News Formal

Auto insurance companies returning $800M in premiums during COVID-19

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Two auto insurance giants announced they are returning a total of $800 million in premiums to customers during the novel coronavirus pandemic, saying people are driving less and they are experiencing fewer claims

.

Tom Wilson, the president and CEO of Allstate, called the move"fair" as less people are driving amid government-mandated stay-at-home orders.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

StateFarm any plan to follow suit?

If they had a model like Metromile they would not have to worry about it!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Los Angeles Authorities Sue Company For 'Illegally' Selling At-Home COVID-19 TestThe Food and Drug Administration says it has not authorized any at-home tests for the coronavirus. After one company started selling an at-home test in March, the city attorney of Los Angeles sued. 👍
Source: NPRHealth - 🏆 144. / 63 Read more »