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Top 10 Auto Insurance Companies by State in 2022

September 14, 2023 By CollisionWeek Editor Leave a Comment

The latest report on the U.S. private passenger auto insurance market from the NAIC details the top 10 insurers in each state in 2022 as well as the size of each market overall. Data from the National Association of Insurance Commissioners (NAIC) provides a detailed view on the size and scope of the private passenger […]

Filed Under: Research Tagged With: Auto Insurance, Net Written Premiums, Premiums

U.S. Auto Body Repair Prices Up Over 5% in July Compared to Last Year

August 18, 2023 By CollisionWeek Editor

Prices were also up on a month-over-month basis. The most recent government figures on inflation through July show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 25th month in a row, but the year-over-year (YoY) rate of increase continues to decline compared to […]

Filed Under: Research Tagged With: Auto Body Repair Prices, consumer price index, Inflation, Premiums

Collision Repair Industry Production Up Over 8% in June Compared to 2022

August 9, 2023 By CollisionWeek Editor

Production was also up from May on growth in employment. Total industry employment and number of women employed set another new record. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary June collision repair employment, hours worked and wages indicated production was up […]

Filed Under: Research Tagged With: Collision Repair Industry Production, Employment, Wages, Women Employment

U.S. Auto Body Repair Prices Up in June Compared to May

August 2, 2023 By CollisionWeek Editor

Prices were also up over 5% on a year-over-year basis. The most recent government figures on inflation through June show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 24th month in a row, but the rate of increase is less than half the […]

Filed Under: Research Tagged With: Auto Body Repair Prices, Auto Insurance, consumer price index, Inflation

Collision Claims in First Quarter Up Compared to 2022

July 19, 2023 By CollisionWeek Editor

Claims in the first quarter of 2023 were up over 1% versus the same quarter in 2022. Losses were up over 41% compared to 2019. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the post-pandemic rebound in claims restarted in the first quarter of 2023 and […]

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

Collision Repair Industry Production Up Over 7% in May Compared to 2022

July 14, 2023 By CollisionWeek Editor

While up year-over-year, production was down from April as hours worked declined. Total employment and number of women employed set new records. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary May collision repair employment, hours worked and wages indicated production was up […]

Filed Under: Research Tagged With: Collision Repair Industry Production, Employment, Wages, Women Employment

U.S. Traffic Volume Up in May Compared to 2022

July 7, 2023 By CollisionWeek Editor

Traffic Volume

Traffic up compared to last year both for the month and year-to-date. Traffic volume in May increased compared to the previous year for the fifth month in a row after two monthly declines at the end of 2022. While traffic volume was above last year, it remained slightly less than 1% below May 2019 prior […]

Filed Under: Research Tagged With: Traffic Volume

U.S. Auto Body Repair Prices Down in May Compared to April

June 23, 2023 By CollisionWeek Editor

Prices up over 7% on a year-over-year basis. The most recent government figures on inflation through May show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 23rd month in a row, but the rate of increase is half the rate compared to the […]

Filed Under: Research Tagged With: Auto Body Repair Prices, consumer price index, Inflation

Collision Repair Industry Production Sets New Record in April

June 9, 2023 By CollisionWeek Editor

Total employment and number of women employed also new records. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) covering the preliminary April collision repair employment, hours worked and wages indicated production was up on a year-over-year basis to new record levels Overall, total collision repair […]

Filed Under: Research Tagged With: Collision Repair Industry Production, Employment, Wages

Collision Claims in Fourth Quarter Slightly Down Compared to 2021

May 17, 2023 By CollisionWeek Editor

Claims in the fourth quarter of 2022 declined less than 1% versus the same quarter in 2021. Losses were up nearly 55% compared to 2019. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the rebound in claims stalled during the fourth quarter of 2022 compared to […]

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

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