allstate-to-return-$600-million-in-auto-premiums-to-customers-as-pandemic-cuts-driving

Allstate to return $600 million in auto premiums to customers as pandemic cuts driving

Business

(Reuters) – U.S. insurer Allstate Corp (ALL.N) 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.

Most customers will receive a “payback” of 15% of their monthly premium in April and May, the company said.

Reporting by Suzanne Barlyn; Editing by Kirsten Donovan