Production and non-supervisory employment at record levels in U.S. collision repair facilities. An … [Read More...]
Research
U.S. Average Length of Rental Up in Fourth Quarter of 2019
Southwest region sees largest increase during the quarter. For the fifth consecutive quarter, the … [Read More...]
Features
GEICO Reports Auto Policies in Force Up 6.4% in 2019
Voluntary policies increased by over 1 million last year. Claims frequency declined, but severity increased. Berkshire Hathaway reported its 2019 earnings on February 22, including details of its GEICO Insurance operations.GEICO’s premiums written and … [Read More...]
OEM Collision Repair Procedures Legislation Introduced in Illinois
Bill would require insurers to base claim payments on, and collision repairers to use, vehicle manufacturer compliant repair procedures. Excludes OEM parts mandates, but requires use of like, kind and quality. Legislation introduced February 13 in Illinois, … [Read More...]
GEICO Files Federal RICO Lawsuit in California Alleging Glass Shop Fraudulently Inflated Claims
Insurer seeks to recover over $150,000 in alleged fraudulent billing and declaration it doesn’t owe over $50,000 in outstanding claims. Following similar lawsuits in Arizona and Florida, GEICO has filed a federal lawsuit in California alleging an auto glass … [Read More...]
OEM Collision Repair Procedures Bill Passes Committee Vote in Washington State
Legislation would require insurers pay for reasonable repair costs including vehicle manufacturer repair procedures. Proposed legislation in Washington State would require changes to auto insurers’ policy language, require insurers to pay for reasonable and … [Read More...]
Maryland Bill Would Provide an Insured Option of Requiring OEM, Certified or Non-Certified Collision Repair Parts
Legislation defines parts types and requires written consent indicating parts choice. Legislation introduced in the Maryland House of Representatives on February 7 seeks to add a section to the Maryland Statutes that define the different types of crash parts … [Read More...]