Brief: Erie Insurance provides additional $200 mln relief to auto insurance customers

Erie Indemnity

21/04/2020 14:09

April 21 (Reuters) - Erie Indemnity Co  ERIE.O :
    * ERIE INSURANCE ANNOUNCES $200 MILLION IN IMMEDIATE RELIEF
FOR
CUSTOMERS
    * ERIE INDEMNITY:  ERIE INSURANCE TO PROVIDE $200 MILLION IN
DIVIDENDS  TO PERSONAL AND COMMERCIAL AUTO INSURANCE CUSTOMERS
IN 12 U.S. STATES AND DISTRICT OF COLUMBIA
    * ERIE INDEMNITY:  RELIEF REPRESENTS 30% OF RELATED AUTO
INSURANCE
PREMIUMS OVER 2-MONTH PERIOD, OR 5% OF ANNUAL PREMIUM
    * ERIE INDEMNITY:  RELIEF IS IN ADDITION TO $200 MILLION
RATE
REDUCTIONS ANNOUNCED EARLIER IN APRIL
    * ERIE INDEMNITY:  CITES SIGNIFICANT DECLINE IN MILES DRIVEN
BECAUSE OF COVID-19 STAY-AT-HOME DIRECTIVES AS REASON FOR FOR
RELIEF
    * ERIE INDEMNITY:  CITES SIGNIFICANT DECLINE IN MILES DRIVEN
BECAUSE OF COVID-19 STAY-AT-HOME DIRECTIVES AS REASON FOR RELIEF

Source text for Eikon:  ID:nPn1h5l11a 
Further company coverage:  ERIE.O