Travelers Extends Stay-at-Home Auto Premium Credit Program to June
29 May 2020 - 11:03PM
Business Wire
Personal auto insurance customers will receive
a 15% credit on their June auto premiums, adding to credits from
April and May
The Travelers Companies, Inc. (NYSE: TRV) today announced it is
extending its Stay-at-Home Auto Premium Credit Program, giving its
U.S. personal auto insurance customers a 15% credit on their June
premiums. The company is already providing its customers with a
credit on their April and May premiums under the program.
Customers’ accounts will continue to be automatically credited,
providing some measure of relief during this time.
“We have been evaluating our various COVID-19 relief programs in
an effort to determine how we can best support our customers,
agents, brokers and communities,” said Alan Schnitzer, Chairman and
Chief Executive Officer of Travelers. “Our data suggests that the
trend of fewer miles driven in April and May is likely to continue
through June, and we’re pleased to provide an additional credit to
customers. As cities and states begin to lift restrictions, we’ll
continue to closely monitor the environment to understand the
impact on driving behaviors and claims.”
The company is working with regulators to obtain all the
necessary approvals.
Travelers continues to provide auto coverage for customers
across the country whose job responsibilities now include using
their personal vehicles to make food, grocery, pharmacy and medical
supply deliveries.
The Stay-at-Home Auto Premium Credit Program adds to the
company’s COVID-19 response initiatives. Among other things,
Travelers is offering billing relief to customers, is accelerating
more than $100 million in commission payments to eligible agents
and brokers and has pledged $5 million to assist families and
communities affected by the COVID-19 pandemic across North America,
the United Kingdom and the Republic of Ireland. The company also
continues to work with individuals experiencing financial hardships
to offer solutions based on their unique circumstances.
To learn more about the company’s response to COVID-19, please
visit its dedicated webpage on Travelers.com.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider
of property casualty insurance for auto, home and business. A
component of the Dow Jones Industrial Average, Travelers has
approximately 30,000 employees and generated revenues of
approximately $32 billion in 2019. For more information, visit
www.travelers.com.
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Media: Sperry Mylott, 860.277.5075
smylott@travelers.com
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