USA - Insurers return part of auto premiums
Thursday, 05 28 2020, Category: Insurance and Reinsurance, Country: United States
Major U.S. insurers are offering credit to auto and motorcycle policyholders following a decline in driving, as most Americans stay at home under widespread orders to help contain the spread of the novel coronavirus.
Allstate, one of the largest U.S. auto insurers, said it would return more than $1 billion in premiums to customers. Most customers will receive a “payback” of 15% of their monthly premium for April, May and June, the company said.