Insurers Step Up, Despite Some Officials' Proposed Solutions.

• Date: 26 April 2020
• Author: Acunto, Steve

American Insurers, despite the threats to their balance sheets that some ambitious legislators have been proposing (to extend the BI coverage, to use workers' comp as a back stop for the effects visited upon society by COVID 19 and other "creative" ides) several have stepped up to help.

As we go to press, the BIG I has announced that Progressive Insurance has donated $2 million dollars to establish the Trusted Choice[R] COVID-19 Relief Fund in response to the economic and operational challenges the coronavirus crisis has presented to independent agencies. The grant will be dispersed directly to independent agencies via a Big "I" application process to meet those agencies' critical needs in the midst of the pandemic. Independent agencies can apply for assistance online.

"The Big 'I' is so grateful for Progressive's generosity in leading the charge to support the independent agency community during these unprecedented times," says Bob Rusbuldt, Big "I" president & CEO, who created a video message to address the donation and new fund. "Big T agents and agencies are facing unforeseen obstacles even as they seek to help their clients and communities in their time of...