Auto physical damage indicators influencing collision repair industry volume improved during the third quarter of 2019 compared to the previous quarter. Loss cost continues to increase. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims increased in the U.S. during the 12 months […]
Collision Claims Down in Second Quarter
Auto physical damage indicators influencing collision repair industry volume declined during the second quarter of 2019 compared to the previous year. Loss cost continues to increase. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims decreased in the U.S. during the 12 months […]
Collision Claims Continued to Decline in First Quarter
Auto physical damage indicators influencing collision repair industry volume declined during the first quarter of 2019 compared to the previous year. Loss cost continues to increase. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims decreased in the U.S. during the 12 months […]
National Safety Council Cautions on Road and Workplace Safety Concerns as Illinois Legalizes Recreational Marijuana
With Gov. J.B. Pritzker’s signing of House Bill 1438, Illinois has become the 11th state to legalize marijuana for recreational use. In 2014, Illinois legalized marijuana for medical use. Thirty-four states and Washington, D.C., now have legalized medical or recreational marijuana, meaning a majority of Americans live in a state with some form of legal […]
Brownsville, Texas Named Safest Driving City for Second Year in a Row
Allstate’s 15th annual America’s Best Drivers Report ranks U.S. cities based upon collision frequency. Brownsville, Texas, has the safest drivers in America for the second year in a row, according to the 2019 Allstate America’s Best Drivers Report. Released in advance of July Fourth, the deadliest day on U.S. roads according to the Insurance Institute […]
HLDI Reports Ford F-150 Repair Costs Remain Steady Despite Aluminum Parts
While repair costs have not increased due to aluminum, analysis shows longer time to repair vehicles and higher claim frequency. The Highway Loss Data Institute (HLDI) reports that Ford’s switch to aluminum for the body of the F-150 pickup hasn’t resulted in higher repair costs, in part because the company is pricing the aluminum parts […]
AM Best Report Personal Auto Insurers Combined Ratio Improves
Severity continues to increase, but frequency growth has leveled. The U.S. private passenger auto segment has experienced a turnaround after weakened performance in 2015-2016, as rate actions and underwriting initiatives resulted in a 3.8-point year-over-year improvement in the sector’s combined ratio in 2017, as well as a 4.7-point loss ratio reduction through third-quarter 2018, according […]
Toyota Safety Sense Equipped Vehicles Top 10 Million Units Globally, 5 Million in North America
Manufacturer reports 70 percent reduction in rear-end collisions in Japan on vehicles equipped with systems. Toyota Motor Corporation announced the total global number of vehicles equipped with Toyota Safety Sense (TSS), the Toyota-developed preventive safety package, has reached the 10 million unit mark, approximately three and a half years after its March 2015 introduction. It […]
Collision Claims Up 6% in First States that Legalized Recreational Marijuana
Crashes are up by as much as 6 percent in Colorado, Nevada, Oregon and Washington, compared with neighboring states that haven’t legalized marijuana for recreational use, new research from the Insurance Institute for Highway Safety (IIHS) and Highway Loss Data Institute (HLDI) shows. The findings come as campaigns to decriminalize marijuana gain traction with voters […]
Deer Crashes Down
State Farm annual report shows reduction in deer-related crashes. American Family reports higher deer hit claim costs. The 16th annual State Farm deer-vehicle collision study shows that overall in the U.S., drivers were less likely – one in 167 – to have a crash involving a collision with deer, elk, moose, or caribou. Last year’s […]