Montreal, Quebec — On June 29, 2020, Desjardins’s property & casualty insurance subsidiaries announced they would be issuing $100 million in premium refunds to their Canadian auto insurance clients.
The insurer took various factors into consideration such as the transition to working from home, the extended lockdown, and the reduction in car accident risks—all of which have led to a decrease in claims.
The refunds are for eligible personal and commercial insurance clients. Clients will receive a refund between 25 percent and 40 percent of the premium they pay for one month.
“Even though we’re beginning to reopen our provinces and cities, the pandemic will continue to affect our members and clients. We’re proud to say that we’re still here for them in these unprecedented times. Right now, we’re able to give $100 million back to our auto insurance clients. This is just one of the many ways that Desjardins has helped its members and clients deal with COVID-19 since March 16,” said Guy Cormier, President and CEO of Desjardins Group.
This refund follows an initial refund of close to $50 million to auto insurance clients, bringing the total close to $150 million.