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You are here: Home / Archives for Claim Frequency

CCC Reports Repairable Appraisals Down Almost 15% in August Compared to 2019

September 10, 2020 By CollisionWeek Editor

CCC Auto Claims Snapshot August 2020

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 […]

Filed Under: News Tagged With: CCC Information Services, Claim Frequency

UK Motor Claims Fell 48% in the Second Quarter Compared to First

September 2, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Association of British Insurers, Claim Frequency, Claim Severity, Coronavirus, United Kingdom

CCC Reports July Repairable Appraisals Down 20.5% Compared to 2019

August 12, 2020 By CollisionWeek Editor

CCC July 2020 Claims Snapshot

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 […]

Filed Under: News Tagged With: CCC Information Services, Claim Frequency

GEICO Reports Collision Claims Frequencies Were Down 24-26% in First Half of 2020

August 10, 2020 By CollisionWeek Editor

GEICO’s underwriting results

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 […]

Filed Under: News Tagged With: Berkshire Hathaway, Claim Frequency, Claim Severity, Earnings, GEICO

CCC Reports Repairable Appraisals Down 25% in June Compared to Last Year in U.S.

July 15, 2020 By CollisionWeek Editor

June 2020 Repairable Appraisals

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 […]

Filed Under: News Tagged With: CCC, Claim Frequency, Coronavirus

Interview: Susanna Gotsch, CCC Information Services

June 19, 2020 By CollisionWeek Editor

Susanna Gotsch Interview

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, […]

Filed Under: Feature Tagged With: CCC Information Services, Claim Frequency, Interview

Collision Claims Up in Third Quarter of 2019

January 23, 2020 By CollisionWeek Editor

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 […]

Filed Under: Research Tagged With: Claim Frequency, Claim Severity, Claims, Losses

Collision Claims Down in Second Quarter

October 17, 2019 By CollisionWeek Editor

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 […]

Filed Under: Research Tagged With: Claim Frequency, Claims, Claims Severity, Losses

Collision Claims Continued to Decline in First Quarter

July 25, 2019 By CollisionWeek Editor

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 […]

Filed Under: Research Tagged With: Claim Frequency, Claims, Earned Car Years, Losses

National Safety Council Cautions on Road and Workplace Safety Concerns as Illinois Legalizes Recreational Marijuana

June 26, 2019 By CollisionWeek Editor

National Safety Council logo

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 […]

Filed Under: News Tagged With: Claim Frequency, Illinois, Marijuana Legalization, National Safety Council

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