Latest statistics from the National Association of Insurance Commissioners indicates that the percentage of premiums going to pay losses increasing. Data contained in the National Association of Insurance Commissioners (NAIC) report on profitability by insurance line in 2014, released on December 31, 2015, illustrates the increasing percentage of underwriting dollars going to pay claims on […]
Thatcham Announces Partnership for Chinese Motor Insurance Ratings Market
Thatcham Research announced a partnership with the China Automotive Technology and Research Centre (CATARC) to enable the introduction of a vehicle insurance rating program into China. Funded by UK insurers, one of Thatcham’s key responsibilities is in administering the insurance Group Rating system on behalf of the Association of British Insurers (ABI). The newly signed […]
CNN Report Highlights Poor Quality Parts and Repairs, Body Shop Lawsuits against Auto Insurers
Collision repair industry reacts to Anderson Cooper 360 segment in prime time warning of unsafe repairs due to poor quality parts and repair work. Antitrust lawsuits against insurers detailed. Viewers of CNN’s Anderson Cooper 360 segment broadcast last night were exposed to the controversies surrounding insurance company referral programs, parts choice and collision repair quality […]
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