Consumer Group: Car Insurers Should Give More Money Back To Customers During Pandemic
NEW YORK (CBSNEWS.COM) — Auto insurers have made billions of dollars in profit this year while offering customers a smattering of promised refunds, according to a consumer advocacy group.
Allstate, Geico, Progressive and other insurers vowed in April to return a portion of monthly premiums to motorists, reflecting a sharp decline in driving because of the coronavirus pandemic. While the companies kept their word, they typically returned less than half of one month's payment to homebound drivers.
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