AAA announces $125 million in financial relief for policyholders
Beaver County Times (PA)
Apr. 15--Some Pennsylvania AAA policyholders can expect to have part of their premiums refunded in the coming months.
AAA members who insure their vehicles through the Interinsurance Exchange of the Automobile Club and its affiliate insurers will receive premium refunds totaling approximately $125 million.
Every policyholder with auto insurance in effect from March 16 to May 15 will receive a 20 percent policy refund check for this period. The group expects to mail refund checks by the end of May. Members do not need to take any action to receive their refund.
The relief package is due to reduced driving and claims because of stay-at-home and shelter-in-place orders and recommendations.
"We recognize the extreme financial toll the COVID-19 pandemic is taking on AAA members across the country. It has impacted many of our members' livelihoods and changed their routines," said John Boyle, president of the Auto Club Enterprises Insurance Group. "This is one important way we have been working to help AAA members."
AAA East Central is also providing free roadside assistance services to medical personnel and front-line first responders. The program will help these critical workers if they have a vehicle breakdown, battery problem or flat tire.
Medical personnel and first responders who need a service during this crisis can call 800-400-4222. The agency is also donating $1 million to United Way to bolster its COVID-19 relief efforts across the country.
___
(c)2020 the Beaver County Times (Beaver, Pa.)
Visit the Beaver County Times (Beaver, Pa.) at www.timesonline.com
Global Reinsurance Market 2020: Which Region Will Witness Robust Growth?
State eases CHIP requirements during COVID-19
Advisor News
- Why affluent clients underuse advisor services and how to close the gap
- America’s ‘confidence recession’ in retirement
- Most Americans surveyed cut or stopped retirement savings due to the current economy
- Why you should discuss insurance with HNW clients
- Trump announces health care plan outline
More Advisor NewsAnnuity News
- Life and annuity sales to continue ‘pretty remarkable growth’ in 2026
- Great-West Life & Annuity Insurance Company Trademark Application for “EMPOWER READY SELECT” Filed: Great-West Life & Annuity Insurance Company
- Retirees drive demand for pension-like income amid $4T savings gap
- Reframing lifetime income as an essential part of retirement planning
- Integrity adds further scale with blockbuster acquisition of AIMCOR
More Annuity NewsHealth/Employee Benefits News
- Medicare telehealth coverage is again under threat. Here’s how it affects elderly patients
- Illinois Medicaid program faces funding crisis
- Fewer Minnesotans have opted for MNsure health insurance. More could drop soon
- Medicare telehealth coverage is again under threat. Here’s how it affects elderly patients
- The “Ghost Network” Class Action: How to Force Your Medicare Plan to Pay for Out-of-Network Doctors in 2026
More Health/Employee Benefits NewsLife Insurance News