CCC Crash Course Report examines how the increasing age of vehicles and vehicle complexity are driving higher collision repair costs and total loss trends. CCC Intelligent Solutions (NASDAQ: CCCS) today released its latest Crash Course report that highlights changes in the U.S. vehicle landscape and their effects on auto claims and collision repair. The Crash […]
Massachusetts Bill Proposes New Method for Setting Collision Repair Labor Rates
Bill would allow collision repair facilities to set labor rates based upon what customers have actually paid for repairs. Massachusetts legislators are considering a bill that seeks to fundamentally change how insurance companies determine labor rates for collision repairs in the Commonwealth. House Bill 1285 (H1285), An Act relative to the calculation of labor rates […]
CCC Reports Total Cost of Repair Up 3.7% in First Half of 2024
Third quarter Crash Course report explores trends impacting auto claims and collision repair. CCC Intelligent Solutions Inc. (NASDAQ:CCCS) today published its Crash Course Q3 2024 Report, identifying the key trends that will shape the auto claims and collision repair industry in 2025. The report examines pressing challenges such as the impact of inflation and labor […]
NABR Adds New Features to LaborRateHero
National AutoBody Research (NABR) announced the release of a new version of its LaborRateHero.com website, adding three new features to make the site easier to use and more powerful. First is the new “Market Rates at a Glance” feature. During labor rate searches of any geographic area, the Body rate for each individual shop surveyed […]
CCC 2023 Crash Course Report Shows Increasing Labor Rates, Parts Prices and Collision Repair Complexity
Report identifies macro trends, business drivers, and technologies reshaping consumer driving, vehicle ownership, automotive claims, and collision repair. CCC Intelligent Solutions Inc. announced the availability of its annual Crash Course report, which identifies trends impacting the P&C insurance economy. The report delivers insights on the convergence of economic, social, and technological shifts that are reshaping […]
Labor Rate Survey Bill Introduced in Vermont
Legislation would require the Commissioner of Financial Regulation to survey labor rates and establish a minimum rate. A bill introduced by five members of the Vermont House of Representatives February 2 proposes to establish minimum reimbursement rates for labor on automobile insurance claims. House Bill 160 (HB160), introduced by Rep. Kevin Christie, Rep. Kenneth Goslant, […]
Interview: Bill Brower, VP of Industry Relations at Solera
Brower details how inflation is impacting severity as parts and labor costs have increased. Examines how auto insurance companies and the collision repair industry globally are responding. The impact of inflation on critical cost drivers for the auto claims and collision repair industries has increased claims severity across the globe. As CollisionWeek has reported, key […]
U.S. Auto Body Repair Prices Up Over 13% in October Compared to Last Year
The increase in auto body repair prices is down from the all-time high in July but continues above the rate of inflation. The most recent government figures on inflation through October show the rate of growth of auto body repair prices is above the rate of general inflation for the 16th month in a row, […]
U.S. Auto Body Repair Prices Up Over 12% in September Compared to Last Year
The increase in auto body repair prices is down from the all-time high in July but continues above the rate of inflation. Collision repair facilities report securing labor rate increases from insurers in response to historic levels of inflation. The most recent government figures on inflation through September show the rate of growth of auto […]
September 20 California Auto Body Association Meeting to Examine Labor Rate Surveys
Event in Seal Beach will examine how surveys are conducted. The California Auto Body Association (CAA) announced its September 20 meeting will feature a presentation by Tim Ronak of AkzoNobel on Labor Rates and what you can do about them. The meeting will take place at Old Ranch Country Club in Seal Beach. Among the […]
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