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Insurance Companies Refunding Cash While Fewer Are Driving

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Insurance Companyby Andrea Morris, CBN News

The coronavirus pandemic has forced people to spend more time at home, resulting in a lot less driving. Now two insurance companies are recognizing how these changes are affecting Americans.

Allstate announced on recently that it will refund auto insurers $600 million as many Americans are staying home and driving less amid the COVID-19 outbreak, which has led to fewer crashes and insurance claims.

In a statement, the company explained that a Shelter-in-Place payback will be offered and most customers will receive 15 percent of their monthly premium through May.

Allstate’s CEO Tom Wilson said in a video that the company was taking action to put the people first.

“Because customers are driving less and having fewer accidents, we created the shelter-in-place payback to give our auto insurance customers more than $600 million back to help in these challenging times,” he said.

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© 2020 The Christian Broadcasting Network

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