MECHANICSBURG, Pa.--(BUSINESS WIRE)--Recognizing the financial strain caused by the COVID-19 pandemic, CM Regent Insurance Company has announced it will provide financial relief to its customers.
Reflecting a three-month period from mid-March 2020 through mid-June 2020, CM Regent will issue a credit of 15% on earned liability premium associated with all Pennsylvania public school commercial auto policyholders. Credits are expected to be applied in early June 2020. Policyholders do not need to take action to receive the credit, which will be issued automatically.
“Our customers are vital to the education and development of our children,” said Bob White, president of CM Regent. “We understand the challenges our customers are facing because of COVID-19, and this is an important way we can help.”
About CM Regent
With nearly 50 years of experience solely insuring educational institutions, the entire CM Regent Insurance Company team is uniquely trained to understand the challenges and protection of schools. Our comprehensive, flexible coverage and financial stability allow school administrators the peace of mind to focus on their mission, knowing we are experts at protecting them.
CM Regent Insurance Company is a wholly-owned subsidiary of Church Mutual Insurance Company, S.I. (a stock insurer)1. When you combine our specialized service with the stability and security of our parent company, you can be confident in your coverage – we’ll be here when you need us. In addition to insurance, CM Regent provides a spectrum of value-added solutions that benefit its customers. Church Mutual holds the following honors:
- A.M. Best Company "A" (excellent) rating
- 2019 Demotech STAR Award Recipient
1Church Mutual is a stock insurer whose policyholders are members of the parent mutual holding company formed on 1/1/20. S.I. = a stock insurer.