I.I.I.: Auto Premium Relief to Top $10.5 Billion
Citing reduced policyholder mileage and fewer claims amid the COVID-19 crisis, P/C auto insurers are continuing to offer discounts and other relief to customers during this time of widespread need. According to the Insurance Information Institute, refunds, discounts, dividends and credits have totaled $8.1 billion so far. I.I.I. estimates that total will reach $10.5 billion.