Travelers Announces Stay-at-Home Auto Premium Credit Program
April 08 2020 - 2:35PM
Business Wire
Personal auto insurance customers will receive
a 15% credit on April and May auto premiums, expanding the
company’s COVID-19 relief efforts
The Travelers Companies, Inc. (NYSE: TRV) today announced it is
giving U.S. personal auto insurance customers a 15% credit on their
April and May premiums through its new Stay-at-Home Auto Premium
Credit Program. The company will automatically credit customers’
accounts, providing them with prompt and much needed relief during
this time. Travelers will continue to assess the program as more
information comes to light about the impact of the COVID-19 crisis
on the driving environment and auto claims.
“Our customers are doing their part to stay at home and help
stop the spread of COVID-19,” said Alan Schnitzer, Chairman and
Chief Executive Officer of Travelers. “Our new program recognizes
their contribution to the effort we all need to make to protect our
health and safety and the resulting decrease in miles driven and
auto claims. We are committed to standing with our customers,
agents and brokers, and this is one more step we’re taking to help
ease some of the financial burden many are experiencing.”
The company is working with regulators to obtain all the
necessary approvals.
Separately, 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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version on businesswire.com: https://www.businesswire.com/news/home/20200408005650/en/
Media: Sperry Mylott, 860.277.5075
smylott@travelers.com
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