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You are here: Home / Research / Collision Claims and Losses in Third Quarter Down Compared to 2022

Collision Claims and Losses in Third Quarter Down Compared to 2022

February 8, 2024 By CollisionWeek Editor

Quarterly claims were down for the second quarter in a row.

The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the post-pandemic rebound in claims is over as claims on a quarterly basis were down for two consecutive quarters compared to the previous year. Losses were also down on a quarterly basis compared to last year.

Collision coverage claims for the third quarter of 2023 were down 3.0% compared to the third quarter of 2022. This marks a further erosion in claims from the 2.0% decline in the second quarter of 2023

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

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