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Subsequent Events
3 Months Ended
Mar. 31, 2020
Subsequent Events  
Subsequent Events

13. Subsequent Events

On April 14, 2020, the Company announced the Safety Personal Auto Relief Credit, a 15% policyholder credit which will be applied to personal auto policies for the months of April and May. The Company’s decision to return a portion of premium payments to its customers is a recognition of the impact of government-mandated stay-at-home measures, which are reducing the number of vehicles on the roads and miles driven, and consequently, the number of claims filed. The Company estimates that this premium refund will be approximately $12,000, which will be recognized in the second quarter of 2020.