Economy & Investments

Major Auto Insurer is Giving Customers 600 Million Back In Premiums

Have you been hoping for some good news in this crisis? Well, it looks like many Americans just got some.

With many people working from home, people are putting far fewer miles on the roads and car accidents have gone way down.

And that means one major auto insurer is planning on returning a chunk of auto premiums to their customers.

From Reuters:

Allstate Corp (ALL.N), one of the largest U.S. auto insurers, said on Monday it would return more than $600 million in premiums to customers as many Americans drive less due to stay-at-home orders aimed at curbing the coronavirus outbreak. Read more…

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