Instant Insights / The Business of Insurance

What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated regularly, will help insurance professionals maintain a competitive edge.

News

Select insurers extend insurance policy refunds through June

In April, more than 82% of auto insurance companies offered policyholders refunds and credits, according to the Consumer Federation of America.

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The California Department of Insurance said that it has found “wide socioeconomic disparities” in auto insurance group discounts offered to millions of California drivers. (Photo: Shutterstock)

As Americans continue to drive significantly less through the coronavirus pandemic, select insurers are extending discounts for auto policyholders through June, while other insurers are promising future rate cuts without addressing near term overcharges faced by existing customers.

This week, the Consumer Federation of America applauded USAA and Allstate for extending their monthly relief for April and May into June.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

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