Allstate brand auto insurance average premium increased 7 percent, policies in force declined during fourth quarter The Allstate Corporation (NYSE:ALL) yesterday reported financial results for the fourth quarter and full year of 2016. Total 2016 revenue of $36.5 billion reflected a 3.3 percent increase in property-liability insurance premium and a 5.4 percent increase in Allstate […]
Auto Physical Damage Insurance Underwriting Profit Declined from 2005-2015
Latest statistics from the National Association of Insurance Commissioners indicates that the percentage of premiums going to pay losses has increased. Data contained in the National Association of Insurance Commissioners (NAIC) report on profitability by insurance line in 2015, released this month, illustrates the increasing percentage of underwriting dollars going to pay claims on auto […]
Wholesale Used Vehicle Prices Declined in December
While down month-on-month, prices remain above year ago levels. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, prices did a bit of an about-face in December, as truck price softening, perhaps influenced by higher gasoline prices, drove down overall results. New vehicle incentive activity also remained high, which, along with higher […]
Collision Repair Industry Business Conditions: Q3 2016
Collision repair shops reporting higher sales overall compared to 2015 increased during the third quarter, though varied by shop sales volume. Collision repair facilities reporting higher earnings flat. The CollisionWeek quarterly survey of business conditions reported by collision repair facility owners and managers indicates that the overall percentage of facilities with higher sales increased slightly […]
Collision Repair Industry Production Up in September Compared to 2015
While production employment and hours worked decreased in September compared to August, production continues above 2015 levels. September’s increase compared to 2015 surpasses rate seen during June through August. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that total production for the collision repair […]
Traffic Volume Up 2.9% in September
The growth in traffic volume in the U.S continued in September, but at a lower rate compared to August. All regions reported higher traffic volume in September versus 2015. Travel for the month of September is estimated at 265.5 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. […]
Collision Repair Industry Production Increases in August
Both production employment and hours worked increased in August compared to July. Production continues above 2015 levels. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that total production for the collision repair industry was up in August versus the previous month and was up […]
Body Repair Prices, Auto Insurance and Inflation Through September 2016
Auto body repair prices in September up more than two percent compared to year ago. Auto insurance prices were up 6.4 percent during the same period. The most recent government figures on inflation through September 2016 indicate the rate of growth of auto body repair prices continues to increase slightly above the rate of inflation […]
Traffic Volume Jumps 3.4% in August
The growth in traffic in the U.S. continues during August. All regions reported higher traffic volume in August versus 2015. Travel for the month of August is estimated at 284.9 billion vehicle miles nationwide according to the most recent data released by the Federal Highway Administration. The August result continues the trend of increased driving […]
Collision Repair Industry Production Down Slightly in July
While production employment declined, hours worked increased in July compared to June. Production remains above 2015 levels. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that total production for the collision repair industry was down in July versus the previous month, but was up […]
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