Coronavirus pushes Allstate to return $600M in auto premiums
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U.S. insurer Allstate Corp said on Monday that it would return more than $600 million in auto insurance premiums to customers as many Americans stay home and drive less due to “shelter-in-place” orders to curb the coronavirus outbreak.
|ALL||THE ALLSTATE CORPORATION||91.56||+5.60||+6.51%|
Most customers will receive a “payback” of 15 percent of their monthly premium in April and May, the company said.
AUTO INSURER OFFERS RETURNS DURING CORONAVIRUS PANDEMIC