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You are here: Home / Archives for Total Loss

State Farm Expands Estimating Platform Options Nationwide for Select Service Network

September 8, 2025 By CollisionWeek Editor Leave a Comment

Insurer to offer choice between CCC One and Mitchell Cloud Estimating following successful Ohio pilot program. State Farm announced September 8 that it will expand estimating platform options for its Select Service collision repair network nationwide, building on a successful pilot program launched in 2024. The nation’s largest private passenger auto insurer will now allow […]

Filed Under: News Tagged With: CCC, Estimating Systems, Mitchell International, State Farm, Total Loss

Copart Reports 22.9% Jump in Net Income on Higher Revenue

September 5, 2025 By CollisionWeek Editor Leave a Comment

Copart Inc. (NASDAQ: CPRT) reported a 22.9% increase in net income during its fiscal fourth-quarter ended July 31as the auto salvage auction company benefited from higher revenue, as total loss frequency has increased, and improved margins. The company said net income attributable to Copart rose to $396 million, or 41 cents per share, for the […]

Filed Under: News Tagged With: Copart, Earnings, Total Loss

Rhode Island House Bill That Changes Total Loss Threshold, Documented Procedure Compensation Becomes Law

July 8, 2025 By CollisionWeek Editor

Legislation raises threshold before a vehicle is declared a total loss and expands definition on documented procedures sources. A Rhode Island House Bill that raises the state’s total loss threshold and clarifies insurers’ obligations regarding OEM repair procedures became law July 5 without Rhode Island Governor Dan McKee’s signature. House Bill 6053 (HB 6053), that […]

Filed Under: Feature Tagged With: I-CAR, legislation, OEM Repair Procedures, Rhode Island, Total Loss, Unfair Claims Practice

Collision Claims Severity Dropped in 2024 While Total Losses Increased

June 12, 2025 By CollisionWeek Editor

LexisNexis report examines evolving auto insurance trends as industry profitability improves. LexisNexis  Risk Solutions released its 2025 U.S Auto Insurance Trends Report, which aggregates and analyzes annual market data from calendar year 2024 about consumer driving patterns, auto insurance shopping trends, claim frequency and severity, and consumer responses to rate increases to help insurance carriers […]

Filed Under: News Tagged With: Claim Severity, LexisNexis Risk Solutions, Total Loss

Oklahoma Storage and Total Loss Administrative Charge Price Control Bill Becomes Law

May 28, 2025 By CollisionWeek Editor

Legislation opposed by repair industry establishes standardized storage rates and administrative charge limits for collision repair shops. Oklahoma has enacted Senate Bill 641, officially known as the “Oklahoma Motor Vehicle Consumer Protection Act.” The bill, which became law on May 27 without Governor Kevin Stitt’s signature, introduces changes to how auto body repair shops can […]

Filed Under: Feature Tagged With: Alliance for Automotive Innovation, Automotive Service Association, legislation, Oklahoma, Oklahoma Auto Body Association, Society of Collision Repair Specialists, Storage, Total Loss

U.S. Vehicle Fleet Transformation Impacts Auto Claims and Collision Repair Industries

April 8, 2025 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: CCC, Labor Rates, Total Cost of Repair, Total Loss

Rhode Island House Bill Proposes Changes to Total Loss Threshold, Documented Procedure Compensation

March 20, 2025 By CollisionWeek Editor

Legislation seeks to raise threshold before a vehicle is declared a total loss and extends definition on documented procedures sources. Rhode Island legislators have introduced a bill that would raise the state’s total loss threshold and clarify insurers’ obligations regarding OEM repair procedures. House Bill 6053 (HB 6053), introduced on March 12, proposes significant amendments […]

Filed Under: Feature Tagged With: legislation, OEM Repair Procedures, Rhode Island, Total Loss

Enlyte’s Trends Report Examines Year of Generative AI

January 15, 2025 By CollisionWeek Editor

As the use of generative AI continues to expand, 2025 is poised to be the year this technology significantly starts to change how Americans live and work. This is especially true in the P&C industry, as companies strive to balance efficiency and costs with investments in systems, training and change management. To help position insurance […]

Filed Under: News Tagged With: Claim Frequency, Electric Vehicles, Enlyte, Industry Trends Report, Total Loss

CCC Reports Total Cost of Repair Up 3.7% in First Half of 2024

October 3, 2024 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: CCC, Claim Severity, Crash Course, Electric Vehicles, Labor Rates, Total Loss

Snapsheet Introduces Total Loss Claim Solution

September 20, 2024 By CollisionWeek Editor

Snapsheet announced the launch of Snapsheet Total, a solution set to transform the total loss vehicle claims process. The new solutions streamlines the handling of total loss claims from valuation, offer creation through customer engagement, and ultimate resolution. Built on Snapsheet’s claims platform, this product scales to any insurance situation requiring total loss Snapsheet Total, […]

Filed Under: News Tagged With: Snapsheet, Total Loss

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