Allstate to return $600 million in auto premiums as pandemic cuts driving [Yahoo! Finance News]
Allstate Corporation (The) (ALL)
Last allstate corporation (the) earnings: 2/4 06:08 pm
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Source: Yahoo! Finance News
Outbreak of the coronavirus disease COVID-19) in SeattleBy Suzanne Barlyn) - U.S. insurer Allstate Corp said on Monday it would return more than $600 million in auto insurance premiums to customers as many Americans drive less due to "shelter-in-place" orders to curb the coronavirus outbreak.Most customers will receive a "payback" of 15% of their monthly premium in April and May, the company said.A smaller U.S. auto insurer, American Family Insurance, also said on Monday it would return a total of $200 million to auto insurance customers beginning in mid-April. Customers will receive $50 per vehicle covered by their policies, the Madison, Wisconsin-based company said.Progressive Insurance Corp is also "exploring how to best return some premium to customers to reflect the decreased exposure that comes with less frequent driving during the pandemic," a spokesman said in response to a query by . Progressive expects to have those plans in place soon, he said."There are very few silver li
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ALL
Earnings
- 11/5/25 - Beat
ALL
Sec Filings
- 12/3/25 - Form 4
- 12/1/25 - Form 4
- 12/1/25 - Form 144
- ALL's page on the SEC website