Electric vehicle collision claims rebound as expiring U.S. government tax incentives drive record sales. Battery electric vehicle (BEV) collision claims frequency reached an all-time high of 3.21% in the third quarter of 2025, rebounding after dropping for the first time in the second quarter, according to Mitchell’s latest Plugged-In: EV Collision Insights report released today. […]
GEICO Reports $11.7 Billion Premiums Written in Third Quarter
Private passenger auto claims frequencies for property damage and collision coverage down while severity increased. Berkshire Hathaway reported its third quarter 2025 earnings on Saturday, November 1, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings reached $1.773 billion in the third quarter of 2025, down […]
Strong US Property/Casualty Insurance Underwriting Profitability in First Half of 2025 to Continue
Fitch Ratings reports private passenger auto direct loss ratio down 6.3 points, tariffs could impact severity in second half of year. The U.S. Property Casualty (P/C) insurance industry reported very strong results for in the first half of 2025 (1H25), with a statutory combined ratio of 96.4%, down 1.2 percentage points year over year (YoY) […]
GEICO Reports $11.1 Billion Premiums Written in Second Quarter
Premiums written up 5.2% in Q2, 5.9% for first half. Loss ratio improves despite increased claim severity. Berkshire Hathaway reported its second quarter 2025 earnings on Saturday, August 2, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings reached $1.821 billion in the second quarter of […]
Collision Claims Severity Dropped in 2024 While Total Losses Increased
LexisNexis report examines evolving auto insurance trends as industry profitability improves. LexisNexis Risk Solutions released its 2025 U.S Auto Insurance Trends Report, which aggregates and analyzes annual market data from calendar year 2024 about consumer driving patterns, auto insurance shopping trends, claim frequency and severity, and consumer responses to rate increases to help insurance carriers […]
Tariffs Loom Over Rising Battery Electric Vehicle Claims
Mitchell quarterly update on EV repair trends show growing repairable claims, declining severity. Mitchell, an Enlyte company, has released its Q1 2025 edition of the Plugged-In: EV Collision Insights report, spotlighting new challenges and trends as the adoption of battery electric vehicles (BEVs) accelerates across North America. The quarterly update reveals a continued rise in […]
GEICO Reports $11.5 Billion Premiums Written in First Quarter
Written premiums up over 6%. Collision claims frequency down 6-9 percent in quarter compared to 2024. Berkshire Hathaway reported its 2024 earnings on May 3, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $2.173 billion in the first quarter of 2025, up $245 […]
GEICO Reports 7.7% Rise in Premiums Written for 2024
Collision claims frequency down 8-9 percent compared to 2023. Berkshire Hathaway reported its 2024 earnings on Feb. 22, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $7.813 billion in 2024, up $4.178 billion, or 114.9 percent, from $3.635 billion in 2023. The improvement […]
Mitchell Reports Collision Claims Increased by More Than 30% for BEVs Last Year
Average severity plateaued and total losses increased. Mitchell, an Enlyte company, announced the latest release of its Plugged-In: EV Collision Insights report. This edition features an overview of the most notable annual trends in battery electric vehicle (BEV), mild hybrid electric vehicle (MHEV) and plug-in hybrid electric vehicle (PHEV) collision claims. Following a second year […]
Wall Street Journal Article on Rising Cost of Collision Repair Features ASA Leaders
ASA Board Chairman Scott Benavidez and Incoming Chair Dan Stander provided insight on the causes behind the rising costs of collision repairs in a November 7 article in the Wall Street Journal. Benavidez, owner of Mr. B’s Paint and Body Shop in Albuquerque, N.M. and Stander, owner of FIX Auto Highlands Ranch in Littleton, Colo., […]
- 1
- 2
- 3
- …
- 7
- Next Page »