Fuzzy math? ------"How was the premium relief amount determined?
With many people staying at home, people are driving less and that means fewer accidents and fewer automobile claims. Based on industry data, we expect auto claims during this period to be reduced by about 35%.
Applying that number to our current premiums based on our customer base, over a three-month period that translates to about 14% of premium, so that’s why we’re providing 15% of premium for the three months. Although carriers are rolling out different premium relief initiatives based on their own customers and experience, our numbers are comparable with most of the industry."