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originally posted by: mysterioustranger
a reply to: Bluntone22
The companies refunding it...wasn't Whitmer... they announced it a few months back...not her
We have State Farm and AAA...both refunded us...back in March
a reply to: mysterioustranger
The companies refunding it...wasn't Whitmer... they announced it a few months back...not her
The battle hinges on whether insurance providers should have to pay claims to companies that have shuttered unexpectedly ....the estimated claims just from small businesses during the coronavirus pandemic could total more than $430 billion a month, threatening to create a “solvency event” for the industry
two provisions to provide preemptive bailouts to insurance companies in the event that their finances should be overwhelmed by unanticipated circumstances .... it created a situation in which profits are private but losses are public, being borne by taxpayers
unless the insurance industry receives a federal bailout, companies intend to raise premiums