While improving versus the over 35% decline in second quarter, the fourth quarter was still down substantially. Earned car years grew at highest rate since 2017. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the historic impact of coronavirus lockdowns on private passenger collision claims continued […]
Interview: Susanna Gotsch, CCC Information Services
In our video interview, Gotsch details November and December claims trends and projections for 2021. While the collision industry was beginning to recover from the government mandated business shutdowns and stay-at-home orders that decimated traffic volume in the spring, the resurgence of the coronavirus in the fall and winter months is causing concern the recovery […]
Collision Claims Declined Over 35% in Second Quarter Compared to 2019
Coronavirus lockdowns in the U.S. dramatically impacted quarterly claims and losses in the first half of 2020. Earned car years, however, continued to grow. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) quantifies the historic impact of coronavirus lockdowns on private passenger collision claims and losses during the […]
CCC Reports Repairable Claims Down Over 22% in September
Driving and claims continued to be depressed in wake of pandemic. According to the CCC AutoClaims Snapshot for September, repairable appraisal counts for the industry in September 2020 remained down from the same month last year and the decline actually increased compared to August. According to CCC, repairable claims in September were down 22.7% versus […]
CCC Reports Repairable Appraisals Down Almost 15% in August Compared to 2019
U.S. auto physical damage repairable appraisals improved in August compared to the previous month as severe weather in several areas of the country bolstered comprehensive claims according to the CCC Auto Claims Snapshot for August. According to CCC’s latest report, overall repairable appraisal counts for the U.S. were down 14.9 percent in August 2020 versus […]
UK Motor Claims Fell 48% in the Second Quarter Compared to First
The average claim value reached a record high. As expected, the number of motor insurance claims notified to insurers in the second quarter of the year fell significantly according to figures out today from the Association of British Insurers (ABI). The fall largely reflected the lockdown period, when far fewer vehicle journeys were made. Claim […]
CCC Reports July Repairable Appraisals Down 20.5% Compared to 2019
U.S. repairable appraisals continued to improve following April low. According to the CCC Auto Claims Snapshot – July 2020, U.S. repairable appraisal counts continued to recover, though slowly. For the month of July, repairable appraisals were down 20.5% compared to July 2019 in the U.S. The July result is an improvement from the 45 percent […]
GEICO Reports Collision Claims Frequencies Were Down 24-26% in First Half of 2020
Collision severity up for first half. Overall premiums written were down 7% in the quarter and 1.1% for first six months. On August 8, Berkshire Hathaway Inc. reported its second quarter earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company’s quarterly report, GEICO generated pre-tax […]
CCC Reports Repairable Appraisals Down 25% in June Compared to Last Year in U.S.
While down, the June result shows significant improvement over May. Early July results show reversal in areas with surge in coronavirus cases. According to CCC Auto Claims Snapshot for June, the number of repairable appraisals continued to improve in June as the economy reopened. According to the report, repairable appraisal counts were down 25.7% in […]
Interview: Susanna Gotsch, CCC Information Services
In our video interview, Gotsch provides insight into the information provider’s May claims report. While collision repair facilities have remained open as essential businesses during the pandemic, CCC’s report on auto claims in May quantified the impact of reduced driving on repairable claims across the U.S. In our video interview embedded below, Susanna Gotsch, Director, […]
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