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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Allstate Corporation | NYSE:ALL | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -6.94 | -4.03% | 165.4008 | 170.97 | 168.03 | 170.75 | 1,279,040 | 01:00:00 |
From Apr 2019 to Apr 2024
By Micah Maidenberg
Allstate Corp. said it will send personal automobile insurance customers $600 million collectively over the next two months as the coronavirus pandemic results in less driving and therefore fewer accidents.
The insurer on Monday said those who have auto insurance through its various platforms will receive 15% of their monthly premium in April and May, totaling $600 million.
"Customers will receive the money back through a credit to their bank account, credit card or Allstate account," the Northbrook, Ill.-based company said.
Allstate also said customers who buy its auto or homeowners insurance products and are facing financial hardship can delay two consecutive premium payments under a special payment plan without penalty or can choose to pay what they can afford.
The company is expanding insurance coverage for people who use personal vehicles to deliver food and other essential goods for commercial purposes.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
April 06, 2020 08:45 ET (12:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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