Some auto insurers refunding premiums to drivers stuck at home [CBS News]
Berkshire Hathaway Inc. (BRK.A)
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Source: CBS News
Allstate and American Family refunding $800 million in auto insurance premiumsBy Khristopher J. BrooksApril 7, 2020 / 3:45 PMTwo major auto insurance companies said they will return roughly $800 million in premiums to customers because shelter-in-place advisories around the country have led to fewer drivers on the road.Allstate, which is giving back $600 million, said its customers will have 15% of their normal premium payments refunded in April and May. American Family Insurance said it's refunding more than $200 million in premiums. The refunds come after consumer-advocacy groups urged insurance regulators to ensure customer relief.Governmentstay-at-home ordersthe coronavirus pandemic: The Race To Respond updates: New York reports largest single-day increase in deaths yet in : The Race To RespondAllstate customers will receive refunds in their bank account, on their credit card or as a credit on their bill. The company's refund program also applies to Esurance and Encompass customer
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