For the 15th straight month, the increase in body repair prices was above the rate of inflation. Auto insurance prices increased below inflation for past seven months. The most recent government figures on inflation through September 2019 indicate the rate of growth of auto body repair prices continues above the rate of inflation, marking more […]
Employer Medical Benefit Costs to Nearly Double the Rate of Inflation in 2020
While U.S. employer health benefit increases with be high, global health benefit costs set to nearly triple. U.S. employer-provided medical benefit costs are forecast to rise 6.5 percent in 2020, outpacing general inflation by 3.8 percent, according to the 2020 Global Medical Trend Rates Report released by Aon plc (NYSE:AON). The increase is projected to […]
U.S. Auto Body Repair Prices Up Nearly 4% in July Compared to Last Year
For the twelfth straight month, the increase in body repair prices was above the rate of inflation. Auto insurance prices increased below inflation for past five months. The most recent government figures on inflation through July 2019 indicate the rate of growth of auto body repair prices continues above inflation, marking a one full year […]
U.S. Auto Body Repair Price Growth Higher than Inflation in December
U.S. auto body repair prices in December were up both month-on-month and year-on-year. The most recent government figures on inflation through December 2018 indicate the rate of growth of auto body repair prices has started to increase again after slowing somewhat during the first several months of the year. While general inflation declined at the […]
U.S. Auto Body Repair Price Growth Above General Inflation in September
U.S. auto body repair prices in September were up both month-on-month and year-on-year. The most recent government figures on inflation through September 2018 indicate the rate of growth of auto body repair prices is increasing after slowing somewhat during the first several months of the year. Both general inflation and auto body repair prices have […]
U.S. Auto Body Repair Price Growth Continued Below General Inflation in July
While below the rate of overall inflation in the U.S., auto body repair prices in July were up nearly three percent compared to a year ago. The most recent government figures on inflation through July 2018 indicate the rate of growth of auto body repair prices is increasing after slowing somewhat in the first few […]
UK National Body Repair Association Calls on Insurers to Address Collision Repair Cost Inflation
The National Body Repair Association (NBRA), the trade body for collision repairers in the UK, is calling on the insurance industry to do more in helping repairers keep up with rising costs. The announcement follows recent news that Audatex will be increasing their prices up 3.5 percent in the UK starting July 1. According to […]
U.S. Auto Body Repair Price Growth Dropped Below General Inflation in April
Auto body repair prices in April were up less than three percent compared to year ago and dropped below the rate of overall inflation in the U.S. The most recent government figures on inflation through April 2018 indicate the rate of growth of auto body repair prices has declined somewhat over the past few months, […]
U.S. Auto Body Repair Prices, Auto Insurance Outpaced Inflation Through February
Auto body repair prices in February were up less than three percent compared to year ago. Auto insurance prices were up almost 10 percent during the same period. The most recent government figures on inflation through February 2018 indicate the rate of growth of auto body repair prices has declined somewhat over the past few […]