Claims in the third quarter of 2022 remain below pre-pandemic levels. Losses were up 38% compared to 2019. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses in the third quarter of 2022 continued to rebound, but comparisons to pre-pandemic levels declined. Losses, however, […]
Collision Claims Were Up Over 8% in Second Quarter Compared to Last Year
Second quarter claims were also within 0.1% of pre-pandemic levels. Losses up over 43% compared to 2019. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses in the second quarter of 2022 continued to rebound with claims at almost pre-pandemic levels and losses far […]
Verisk Estimates Industry Insured Losses for Hurricane Ian Will Range from $42-$57 Billion
If National Flood Insurance Program included, losses could exceed $60 billion. Verisk (NASDAQ:VRSK) estimates that insured losses to onshore property for Hurricane Ian will range from USD 42 billion to USD 57 billion. The industry loss estimate from Verisk Extreme Event Solutions includes estimated wind, storm surge, and inland flood losses resulting from Ian’s landfalls […]
Collision Claims Were Up Nearly 17% in First Quarter Compared to Last Year
First quarter claims remain over 4% below 2019 level. Losses up nearly 35% compared to 2019. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses in the first quarter of 2022 continued to rebound with claims nearing pre-pandemic levels and losses far above historic […]
Collision Claims Were Up 17% in Fourth Quarter Compared to Pandemic Impacted Quarter in 2020
Fourth quarter claims remain 5% below 2019 level. Losses up nearly 25% compared to 2019. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses in the fourth quarter of 2021 continued to rebound from the impact of the coronavirus in 2020. Collision coverage claims […]
Collision Claims Up Nearly 21% in Third Quarter Compared to Pandemic Impacted Quarter in 2020
Third quarter claims remain over 4% below 2019 level. Losses up over 25% compared to 2019. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses in the third quarter continued to rebound from the impact of the coronavirus on summer travel in 2020. Collision […]
Collision Claims Up Over 46% in Second Quarter Compared to Pandemic Impacted Quarter Last Year
Second quarter last year had been down nearly 36%. Quarter remains below 2019 level. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses in the second quarter continued to rebound from the historic impact from the coronavirus lockdowns last year. Collision coverage claims for […]
Collision Claims Down 13% in First Quarter Compared to 2020
While improving from the 35% decline in second quarter of 2020, the first quarter benefited from a weak comparison last year at start of pandemic. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses have continued to rebound from the historic impact from the […]
Collision Claims Down Over 20% in 2020 Compared to Previous Year
While improving versus the over 35% decline in second quarter, the fourth quarter was still down substantially. Earned car years grew at highest rate since 2017. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the historic impact of coronavirus lockdowns on private passenger collision claims continued […]
Collision Claims Remained Down Over 20% in Third Quarter Compared to 2019
After declining more than 35% in the second quarter, collision claims recovered as stay-at-home orders eased. Earned car years grew at highest rate in three years. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the historic impact of coronavirus lockdowns on private passenger collision claims and […]