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 […]
UK Insurers Report Collision Repair Costs Up 5% in 2018
Motor insurance pay-outs so far this year have reached a record level with over £23 million ($29.5 million) being paid every day, according to figures out today at the ABI’s Motor Conference. The pay-outs cover theft, own vehicle and third-party property damage, as well as personal injury compensation. Rising repair bills and theft claims are […]