BRANCHVILLE, N.J., April 13, 2020 /PRNewswire/ -- Selective
Insurance Company of America, the lead insurance company of
Selective Insurance Group, Inc. (NASDAQ: SIGI), today announced
that customers with personal and business auto insurance policies
will receive a 15% premium credit for April and May related to the
various COVID-19 shelter-in-place orders. The program, which is
subject to expected regulatory approval, is part of the company's
ongoing efforts to support its customers, employees, independent
distribution partners, and the community in these uncertain
times.
"At Selective, we understand the disruption of the COVID-19
pandemic and the related governmental directives. We are giving our
personal and business auto policyholders – who have helped to
flatten the curve by sheltering-in-place – premium credit for
driving less," said John Marchioni,
President and CEO.
For Our Customers
In addition to the premium credit, Selective is committed to
working with each customer to provide COVID-19-related assistance.
This includes individualized payment flexibility to help ensure
they can maintain their insurance coverage, and the delay of policy
cancellations, late payment notices, and late or reinstatement fees
until May 31 or the timeframe
determined by each customer's home state insurance commissioner. To
assist business owners who are experiencing COVID-19-related
changes in their operations and risk exposures – such as
transitioning from solely brick and mortar operations to a delivery
service, using their property differently, or an overall reduction
in sales revenue – we are collaborating with them and their
independent agents to make mid-term policy adjustments. We also are
helping our customers mitigate related risks, including cyber
attacks, by providing timely information for increased vigilance.
For Our Employees
In mid-March, Selective smoothly transitioned nearly all our
office-based employees to home-based through interactive
technology. These actions have helped us protect our employees
while enabling us to seamlessly provide our products and services
to our policyholders and agents.
To further employee safety in this age of social distancing, we
are waiving co-pays for all diagnostic testing related to COVID-19
for all insured employees and family members. If anyone covered
under our medical plans is diagnosed with COVID-19, they will
receive a care package that includes over-the-counter medications
to help relieve symptoms and personal and household cleaning
supplies to help keep others in the home protected from potential
exposure. In addition through June 4,
we are waiving fees for all telemedicine visits regardless of
diagnosis. To keep our employees fully informed, we established an
online coronavirus resource center with information, videos, and
links that help them stay safe, healthy, connected, and engaged.
All Selective employees also have free access to on-demand
fitness classes, access to over 500 videos and 30 channels,
personalized recommendations, goal-based challenges, and progress
tracking to help them stay well in their remote work
environment.
For Our Communities
Selective's support of local communities is core to our mission
of rebuilding lives after loss and disaster. With our field-based
model, Selective has roots where our customers, employees, and
independent agents live and work. During the COVID-19 public health
crisis, Selective has emphasized corporate and employee
philanthropy:
- The Selective Insurance Group Foundation recently made a
$100,000 donation to the New Jersey
Pandemic Relief Fund, established recently to gather resources from
across our corporate headquarter's home state to identify critical
needs and fight the economic and social impact of COVID-19 on local
communities.
- Our Employee Matching Gift Program matches employee
contributions, dollar-for-dollar up to $500, to charitable organizations across our
geographic footprint to support COVID-19 relief efforts.
- To help assist in the treatment of COVID-19 patients, Selective
has adjusted our Employee Volunteer Program to increase the number
of paid Volunteer Days a medical-certified employee may take, up to
10 days a month and 20 days total.
- Selective is hosting a blood drive (with appropriate social
distancing protocols) for Selective employees and their family
members to help ensure an adequate blood supply for COVID-19 and
other patients.
About Selective Insurance Group, Inc.
Selective Insurance Group, Inc. is a holding company for 10
property and casualty insurance companies rated "A" (Excellent) by
A.M. Best. Through independent agents, the insurance companies
offer standard and specialty insurance for commercial and personal
risks and flood insurance through the National Flood Insurance
Program's Write Your Own Program. Selective's unique position as
both a leading insurance group and an employer of choice is
recognized in a wide variety of awards and honors, including the
Fortune 1000 and being named as one of "America's Best Mid-Size
Employers" in 2019 by Forbes Magazine. For more information about
Selective, visit www.Selective.com.
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SOURCE Selective Insurance Group, Inc.