Quarterly claims were down for the third quarter in a row compared to the previous year.
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 three consecutive quarters compared to the previous year. Losses were also down on a quarterly basis compared to last year.
Collision coverage claims for the fourth quarter of 2023 were down 4.1% compared to the fourth quarter of 2022. This marks a continued erosion in claims from the 3.0% decline compared
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