The Hartford Extends Its COVID-19 Personal Auto Payback Plan

The Hartford is extending its COVID-19 Personal Auto Payback Plan through June.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, July 7, 2020
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Insurance, Infectious diseases, Human resources, Automotive, Finance, Consulting, Professional services, Other Automotive, Health, Other Professional Services, Regions of the United States, Economy, Greater Hartford, Finance, ITT Corporation, The Hartford, Hartford, Connecticut, Vehicle insurance, Insurance, Connecticut, Hartford Steam Boiler Inspection and Insurance Company, The Travelers Companies
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Connecticut, United States
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THE HARTFORD
Summary
Key Points: 
  • The Hartford is extending its COVID-19 Personal Auto Payback Plan through June.
  • The plan originally provided customers with a 15 percent credit on their April and May personal auto insurance premiums.
  • The company intends to issue the credit to all personal auto insurance customers with policies in force as of June 1, 2020.
  • The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut.


The Hartford is extending its COVID-19 Personal Auto Payback Plan through June. The plan originally provided customers with a 15 percent credit on their April and May personal auto insurance premiums. Extending the plan through June brings the total amount the company will distribute to its customers to approximately $80 million.

“We are pleased to continue to provide additional relief to our customers during the pandemic,” said The Hartford's President Doug Elliot. “Although parts of the country are reopening, many of our personal auto customers are still spending much less time on the road than they did before the pandemic began. We believe our customers should benefit from the overall decrease in miles driven and accidents.”

The Hartford will continue to work with state insurance departments to make these additional credits available as quickly as possible. The company intends to issue the credit to all personal auto insurance customers with policies in force as of June 1, 2020. No action is needed from customers, the credit will occur automatically.

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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