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, […]
Collision Claims Up in Third Quarter of 2019
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 […]
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