CNBC Television Why the pressure is mounting on insurers amid the coronavirus pandemic

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Eric Dinallo, Debevoise and Plimpton Insurance Regulatory Practice chairman, joins ’Squawk Box’ to discuss how the coronavirus is impacting the insurance industry. With most Americans under stay-at-home orders due to the coronavirus outbreak, the roads are quieter – and safer – than usual. So why should you keep paying your regular auto insurance premium? Many insurers have a perhaps surprising answer to that question: You shouldn’t. Allstate announced this week that it would slash April and May’s premiums for its customers by 15%. “They can have it on their credit card or they can put it in their checking account,” Allstate CEO Thomas Wilson told CNBC on Tuesday. Meanwhile, American Family Insurance said it will return $50 to its customers, per vehicle. “It’s growing by the minute,” said Douglas Heller, an insurance expert at the Consumer Federation of America, about the announcements on discounts from insurers. Liberty Mutual said it will give its customers a 15% discount on their auto premiums for the next two months. And Geico is offering a credit in the same amount for customers who renew their policies before Oct.7, or on any newly purchased policies. USAA said its auto insurance holders will get a 20% credit on two months of premiums. Progressive is also granting a 20% discount for customers in April and May, and Nationwide is refunding customers $50 per vehicle. Heller said he was glad to hear the announcements. For weeks, he’s been trying to get insurers to readjust their costs to reflect the current environment. “People aren’t driving,” he said. For more coronavirus live updates: For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBC TV