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Travelers Extends Stay-at-Home Auto Premium Credit CIVID-19 Relief Program

By John F. Heerdink, Jr.

As per reports, The Travelers Companies, Inc. (TRV) is extending its Stay-at-Home Auto Premium Credit Program by relaxing its U.S. personal auto insurance customers with a 15% credit on their June premiums in addition to credit on their April and May premiums previously announced. The company is obtaining all the necessary approvals from the regulators.

“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. 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 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.” stated Alan Schnitzer, Chairman and Chief Executive Officer of Travelers.

The company continues to provide auto coverage for customers across the country whose job responsibilities include using their vehicles to make food, grocery, pharmacy, and medical supply deliveries. The Stay-at-Home Auto Premium Credit Program is one of the many company’s other COVID-19 response initiatives.

Dow 30 component, The Travelers Companies, Inc. (TRV) is an insurance provider of property-casualty insurance for home, auto, and business. To learn more about The Travelers Companies, Inc. (TRV) and to continue to track its progress please visit the Vista Partners Travelers Companies, Inc. Coverage Page. 

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Travelers Extends Stay-at-Home Auto Premium Credit Program to June in Business Wire)


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