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You are here: Home / Research / Collision Claims, Frequency and Losses Grew in the Second Quarter

Collision Claims, Frequency and Losses Grew in the Second Quarter

October 13, 2016 By CollisionWeek Editor

Major auto physical damage indicators influencing the collision repair industry continued to increase across the board but at rates below the first quarter. Losses on collision claims up 9.6 percent for year ending in the second quarter.

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 the U.S. during the second quarter of 2016 compared to 2015. The number of collision claims has grown in every quarter since 2013 compared to the same quarter in the previous year.

Data through the end

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Filed Under: Research Tagged With: Claim Frequency, Claims, Losses

Comments

  1. jayme29217700 says

    October 14, 2016 at 11:52 am

    In which country are you speaking? Is this a report for Canada or the U.S., please?

    • CollisionWeek Editor says

      October 18, 2016 at 5:54 pm

      U.S.

Trackbacks

  1. Galileo Law » Blog Archive Property Damage Claims - Insurers Winning, Consumers Losing - Galileo Law says:
    October 17, 2016 at 10:25 am

    […] Auto property damage claim frequency and total claim payments are both rising, but the payment figure rising at a lower rate than frequency, which means insurers are paying less for a given claim than they did last year even though cars are, in theory, more expensive to total and more expensive to fix: https://collisionweek.com/2016/10/13/collision-claims-frequency-losses-grew-second-quarter. […]

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