With fewer drivers on the road, Allstate will return $600 million in premiums to its customers
American Insurance company Allstate recently released numbers related to car usage in the country, “We have access to data from over 23 million cars, and we can see the drop in driving by day," Allstate CEO Tom Wilson said on a call with reporters Monday. "In most states, driving mileage is down 35 to 50%. And this has happened even in states that don’t have shelter-in-place restrictions.”
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Volkswagen diesel controversy, carmaker moves to settlement talks
German automobile manufacturer Volkswagen admitted in 2015 to cheating emissions tests for its new line of diesel cars, following which the cars lost their certification to be on German roads and legal action was taken against VW. The company recently announced that it was in talks to settle the dispute with German consumer organizations. The company's license in the US has remained unaffected since the scandal.
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Reuters