Cites factors such as driving behavior, modern vehicle costs outside insurance industry’s control. Says repair complexity means days of the “shade tree mechanic” and collision repair facility that can fix anything are waning. The National Association of Mutual Insurance Companies (NAMIC) on December 14 released its analysis Cost Drivers: How Riskier Roads, Rising Repairs, and […]
Market Analysis Affirms Strength of Mutual Insurance Industry
New report from NAMIC and AON adds to the evidence supporting financial strength and stability of mutual insurers. The National Association of Mutual Insurance Companies (NAMIC) and Aon have taken another step toward understanding how mutual insurers’ performance, structure, and focus set them apart from other insurance entities with the release of the fourth annual […]
Mutual Insurers Association Optimistic about Automated Vehicles but Caution Safety Must Be Top Focus
Report calls for third-party access to defined, transparent data standards that foster better understanding of automated vehicles and their operation. Automated driving systems (ADS) hold great promise to save lives and reduce crashes on the nation’s highways, according to a new white paper from the National Association of Mutual Insurance Companies (NAMIC), but the road […]