While down, the rate of decline was lower than both the first and second quarter. Quarterly collision claim counts have been down versus the previous year for ten consecutive quarters. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the year-over-year rate of decline in quarterly collision […]
Collision Coverage Claims Were Down Over 11% in Second Quarter Compared to 2024
While down, the rate of decline was lower than in the first quarter. Quarterly collision claim counts have been down versus the previous year for nine quarters. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the year-over-year rate of decline in quarterly collision coverage claims slowed […]
US Personal Auto Insurance Segment Sustains Underwriting Turnaround Into 2025
First half direct loss ratio improved over 2024 even as average claim is up more than 10% from 2024. U.S. personal auto insurers saw the segment’s first-half 2025 direct loss ratio fall again from the same two previous six-month periods, indicating that the significant rebound experienced in 2024 may carry over through 2025, according to […]
Collision Claims and Losses Continued Down Trend in First Quarter Compared to Last Year
Quarterly collision claims counts have been down versus the previous year for two years. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the decline in collision claims continued as claims on a quarterly basis were down for the eighth consecutive quarter compared to the previous year. […]
Collision Claims and Losses Continued Down Trend in Fourth Quarter of 2024 Compared to Previous Year
Quarterly collision claim counts were down for the seventh quarter in a row compared to the previous year. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the decline in collision claims continued as claims on a quarterly basis were down for the seventh consecutive quarter compared […]
Collision Claims and Losses Continued Down Trend in Third Quarter Compared to 2023
Quarterly collision claim counts were down for the sixth quarter in a row compared to the previous year. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the decline in collision claims continued as claims on a quarterly basis were down for the sixth consecutive quarter compared […]
Collision Claims and Losses Continued Down Trend in Second Quarter Compared to 2023
Quarterly collision claim counts were down for the fifth quarter in a row compared to the previous year. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the decline in collision claims continue as claims on a quarterly basis were down for the fifth consecutive quarter compared […]
Collision Claims and Losses Down in First Quarter Compared to 2023
Quarterly collision claim counts were down for the fourth quarter in a row compared to the previous year. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the decline in collision claims continue as claims on a quarterly basis were down for four consecutive quarters compared to […]
US Property/Casualty Industry Suffered Second-Straight Year of $20 Billion-Plus Underwriting Losses in 2023
AM Best special report says P/C insurers’ underwriting loss was over $47 Billion combined in 2022-23. Unprofitable results in the U.S. private passenger auto and homeowners/farmowners market insurance segments led to a second-straight year of net underwriting losses in the property/casualty (P/C) industry eclipsing $20 billion, according to a new AM Best report. The 2023 […]
Collision Claims and Losses in Fourth Quarter Down Compared to 2022
Quarterly claims were down for the third quarter in a row compared to the previous year. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the post-pandemic rebound in claims is over as claims on a quarterly basis were down for three consecutive quarters compared to the […]
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