7 April 2020
( KMOX)- {Multiple|Several|Numerous} {insurance companies|insurance provider|insurer} {have|have actually} {announced|revealed} they’ll be returning {hundreds of|numerous} {millions of|countless} dollars in {automobile|vehicle|car|auto} premiums as {drivers|chauffeurs|motorists} are on the {road|roadway} less due to the coronavirus pandemic.
Allstate and American {Family|Household} {Insurance|Insurance coverage} {announced|revealed} they would be returning a combined$ 800 million to {customers|clients|consumers}
We{‘ve| have actually} been {helping|assisting} {customers|clients|consumers} {overcome|conquer|get rid of} unknowns for 89 years. And this year {has|has actually} been no exception. That’s why we’re doing more than ever to {help|assist} {customers|clients|consumers} in these {challenging|difficult|tough} times. {Find out|Discover|Learn} more in the Allstate app or https://t.co/SfmQ8O5D0T. pic.twitter.com/EECxfwQSqR
— Allstate (@Allstate) April 6, 2020
Other {large|big} {insurance companies|insurance provider|insurer} like State Farm and Progressive are {thinking about|considering|thinking of} doing the {same|exact same|very same} thing for their {customers|clients|consumers}.
{Insurance|Insurance coverage} {data|information} analytic {company|business} and {consumer|customer} {advocate|supporter}, ValChoice, {released|launched} {a special|an unique} market report that {estimates|approximates} {insurance companies|insurance provider|insurer} {could|might} {realize|recognize|understand} $100 billion in windfall {profits|revenues|earnings} due to the {change|modification} in driving {habits|practices|routines} {forced|required} by shelter-in-place {mandates|requireds}.
{Titled|Entitled}” COVID-19 Windfall Profits {Estimated|Approximated} at $ 100B for {Car|Vehicle|Automobile|Cars And Truck} {Insurers|Insurance Providers|Insurance Companies},” the report {says|states} it’s the {result|outcome} of {millions of|countless} {vehicles|cars|automobiles|lorries} that are now parked in {garages and driveways|driveways and garages}, which {translates|equates} into {hundreds of|numerous} {thousands of|countless} {fewer|less} {accidents|mishaps} and billions of dollars in claims that {won’t|will not} {have to|need to} be paid.