Allstate to return $600 million as coronavirus limits driving

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A smaller U.S. auto insurer, American Family Insurance in Madison, Wisconsin, also said on Monday that it would return a total of $200 million to auto insurance customers beginning in mid-April. “There are very few silver linings out there, but auto insurance companies are definitely one of them,” said Piper Sandler analyst Paul Newsome about coronavirus. Fewer accidents generally lead to a lower claim frequency and Newsome expects insurance companies with large auto portfolios, such as Progre

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Allstate to return $600 million as coronavirus limits driving originally appeared on Autoblog on Mon, 6 Apr 2020 14:10:00 EDT. Please see our terms for use of feeds.

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