Major auto physical damage indicators continue to see increases this year after strong performance in 2014. Losses on collision claims up 8.4 percent during the first half versus a year ago.
According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims and losses continued to grow in during the first half of 2015. Claims have risen in all but two quarters from 2011 through 2014.
Data through the year that ended in the second quarter of 2015 shows that collision claims frequency has increased to 5.95 claims per 100