The Hartford’s COVID-19 Personal Auto Payback Plan To Provide Customers With Relief During Pandemic
April 09 2020 - 5:10PM
Business Wire
Company supports auto customers during this uncertain time with
a 15 percent return on two months of their premium
Recognizing the difficult time many customers are facing during
the pandemic, The Hartford announced its COVID-19 Personal Auto
Payback Plan, which will provide customers with a 15 percent refund
on their April and May personal auto insurance premiums. Over the
next two months, the company will distribute approximately $50
million to its customers.
“We are pleased to provide this relief and hope it will
alleviate some of the financial burden our customers are facing,”
said The Hartford's President Doug Elliot. “We are experiencing a
truly unprecedented time that is impacting our lives in many ways,
including how we live, work, interact with one another and drive.
As we practice physical distancing, we are spending less time on
the road and believe our customers should benefit from the reduced
risk of auto accidents. For 210 years, The Hartford has helped
customers navigate through many global crises, including multiple
recessions, two world wars and the 1918 influenza pandemic.
Together with our customers, partners and communities, I am
confident we will prevail through this crisis as well.”
The Hartford is working with state insurance departments to make
these refunds as quickly as possible. The company intends to issue
refunds over the next two months to all personal auto insurance
customers with policies in force as of April 1, 2020. The refunds
will be made by check or direct deposit into the account the
customer used to pay their bill. No action is needed from
customers, the refund will occur automatically.
Additional Relief for Customers and Community Support
In addition to providing the premium relief, The Hartford has
waived late payments and cancellation for non-payment for all its
personal auto and home customers until May 31, 2020.
To help ensure local communities remain safe, strong and
successful, earlier this month, The Hartford committed $1 million
in corporate and employee donations focused on responding to urgent
human needs, the health care crisis and the city of Hartford
through organizations that have been critical in addressing the
humanitarian issues caused by this crisis. Non-profits benefiting
include – Feeding America, CDC Foundation Emergency Response Fund,
Center for Disaster Philanthropy COVID-19 Response Fund, Center for
Disaster Philanthropy COVID-19 Response Fund and HFPG COVID-19
Community Fund.
Visit The Hartford’s COVID-19 resource center to learn more
about the company’s response.
About The Hartford
The Hartford is a leader in property and casualty insurance,
group benefits and mutual funds. With more than 200 years of
expertise, The Hartford is widely recognized for its service
excellence, sustainability practices, trust and integrity. More
information on the company and its financial performance is
available at https://www.thehartford.com. Follow us on Twitter at
@TheHartford_PR.
The Hartford Financial Services Group, Inc., (NYSE: HIG)
operates through its subsidiaries under the brand name, The
Hartford, and is headquartered in Hartford, Connecticut. For
additional details, please read The Hartford’s legal notice.
HIG-P
Some of the statements in this release may be considered
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. We caution investors that these
forward-looking statements are not guarantees of future
performance, and actual results may differ materially. Investors
should consider the important risks and uncertainties that may
cause actual results to differ. These important risks and
uncertainties include those discussed in our 2019 Annual Report on
Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the
other filings we make with the Securities and Exchange Commission.
We assume no obligation to update this release, which speaks as of
the date issued.
From time to time, The Hartford may use its website and/or
social media outlets, such as Twitter and Facebook, to disseminate
material company information. Financial and other important
information regarding The Hartford is routinely accessible through
and posted on our website at https://ir.thehartford.com, Twitter
account at www.twitter.com/TheHartford_PR and Facebook at
https://facebook.com/thehartford. In addition, you may
automatically receive email alerts and other information about The
Hartford when you enroll your email address by visiting the “Email
Alerts” section at https://ir.thehartford.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200409005824/en/
Media Contact: Michelle Symington 860-547-5385
michelle.symington@thehartford.com
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