Auto insurers refunding millions due to stay-at-home policies [FOX News]
Berkshire Hathaway Inc. (BRK.A)
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Source: FOX News
closeVideoNYC streets empty amid coronavirus pandemicFootage shows popular tourist destinations in Manhattan near empty as the city is reacting to the coronavirus pandemic.Get all the latest news on coronavirus and more delivered daily to your inbox.Sign up hereAllstate and American Insurance have begun discounting car insurance premiums since manydrivers“It is real dollars we expected to pay out this year and no longer have to pay out, American COO Telisa Yancy told theWall Street Journalprobably most need itAccording to the journal, American customers drove 40 percent fewer miles in the last three weeks of March, resulting in fewer claims.THE BEST WAY TO CLEAN CORONAVIRUS FROM CARSAllstate estimated the program at $600 million, while American said it will return approximately $200 million to its customer base.The two insurers were the first major companies to institute a blanket refund program, while others, including GEICO and State Farm, are encouraging customers to contact th
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