CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Report Says Car and Truck Insurers Confront Rapidly Rising Claims Costs

Report Says Car and Truck Insurers Confront Rapidly Rising Claims Costs

October 4, 2021 By CollisionWeek Editor

S&P Global Market Intelligence’s annual U.S. Auto Insurance Market Report projects combined ratio at 4-year high in 2021.

Sharply higher costs to repair and replace vehicles will cause insurance companies’ underwriting profit margins to narrow significantly, projects S&P Global Market Intelligence’s annual US Auto Insurance Market Report.

Published by S&P Global Market Intelligence’s Financial Institutions Group (FIG) Research team, the report spotlights the unprecedented effects of Covid-19 on the personal and commercial auto insurance business. The analysis finds that the benefits from lower levels of motor vehicle travel may be as fleeting as they were significant. The number of automobile

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Auto Insurance, Claims Severity, Combined Ratio

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Diagnostics Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • Consumer Sentiment Unchanged in May May 30, 2025
  • CARSTAR Adds Collision Repair Center to Network in Billings, Montana May 30, 2025
  • Meyer Distributing Opens New Location in Amarillo, Texas May 30, 2025
  • EEOC Sues Maryland Chevrolet Dealer for Refusing to Accommodate Disabled Veteran Parts Department Worker May 30, 2025
  • Automotive Management Institute Extends $600 Discount Offer May 30, 2025
  • CCC Partners with BMW to Help Drivers Connect with Certified Collision Repair Facilities and Take the First Step Toward Repair May 29, 2025
  • Crash Champions Selected as Hyundai Authorized Paint Repair Partner May 29, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved ยท Log in