“As driving behaviors evolve during the COVID-19 pandemic, XYZ Insurance Company is working to reduce auto rates in every state. The national average for those rate reductions is 11%, saving customers a total of approximately $2.2 billion. “‘Current driving data and claims experience show a considerable decline in miles driven and fewer accidents,’ said XYZ Senior Vice President Kristyn Cook-Turner. ‘As a result, we’re looking for ways to continue supporting our customers while we monitor and adjust to trends.’ “‘On the flip side, we’ve also noticed that a lot more of our customers are getting sick and dying,’ Cook-Turner continued, ‘so we’ll be correspondingly increasing premiums for health and life insurance.’ “‘You win a few, you lose a few.’” Read more →