Insurance companies ordered to refund premiums to California drivers amid coronavirus shutdown – By Kevin Smith (San Gabriel Valley Tribune) / April 13 2020
With shelter-in-place restrictions in place throughout the state amid the COVID-19 pandemic, many Californians are likely wondering why they’re still forking over money for auto insurance.
Insurance Commissioner Ricardo Laura was wondering the same thing, and it prompted him to institute some temporary reforms.
Laura announced Monday, April 13 that insurance companies must provide a premium credit, reduction, return of premium or other appropriate adjustments as soon as possible — and no later than August — for auto premiums paid for the months of March and April.
If shelter-in-place orders continue, that will be extended to May.
“With Californians driving fewer miles and many businesses closed due to the COVID-19 emergency, consumers need relief from premiums that no longer reflect their present-day risk of accident or loss,” Lara said in a statement.
Continue to article: https://www.dailynews.com/2020/04/13/insurance-companies-ordered-to-refund-premiums-to-california-drivers-amid-coronavirus-shutdown/
