Dr. Bob Hartwig was contacted by Claims Journal for his take on the coronavirus affecting automobile insurance. The directors of the Consumer Federation of America and the Center for Economic Justice sent a letter to state insurance commissioners asking them to tell insurance carrier to offer “premium offset payments” to customers. “Hartwig said while claim frequency may drop due to coronavirus shutdowns, they will quickly rebound once the crisis passes and claim severity may increase along with frequency. He said insurance rates are based on years of claims data, not a few months.” Read the full article here.