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You are here: Home / Archives for Total Loss

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

May 28, 2025 By CollisionWeek Editor Leave a Comment

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

LexisNexis Report Highlights Generational Risks in Drivers and Vehicles that Contribute to Higher Claim Frequencies

June 21, 2024 By CollisionWeek Editor

LexisNexis Risk Solutions released its 2024 U.S Auto Insurance Trends Report, which aggregates annual market data about consumer driving patterns, auto insurance shopping trends, claim frequency and severity, and consumer responses to rate increases to help insurance carriers better understand the evolving trends impacting the U.S. auto insurance industry. Key takeaways Risky driving behavior rises […]

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

Mitchell Reports EV Total Losses Increasing as Prices Decline

June 4, 2024 By CollisionWeek Editor

Severity declines in first quarter but remains higher than ICE vehicles. Mitchell, an Enlyte company, reported that in the U.S. electric vehicle (EV) total loss rates were 9.93% in the first quarter of 2024 and were 7.48% Canada, an increase of approximately 8% from the fourth quarter of 2023 and 30% the third quarter in […]

Filed Under: News Tagged With: Claim Frequency, Claim Severity, Electric Vehicles, Mitchell International, Total Loss

Interview: Bill Brower, SVP Global Industry Relations & North America Claims Sales at Solera

April 26, 2024 By CollisionWeek Editor

Brower details how artificial intelligence use in collision repair and claims is evolving along with its growing role supporting sustainability goals. For several years, collision repair facility operators and auto claims staff have been increasing using artificial intelligence (AI) enabled estimating tools to improve productivity and the claim process. In our video interview embedded below, […]

Filed Under: Feature Tagged With: Artificial Intelligence, Estimating Systems, Greenhouse Gas Emissions, Interview, Solera, Sustainability, Total Loss

Kritech and NCS SSI Introduce Virtual Total Loss

April 16, 2024 By CollisionWeek Editor

Tool expedites estimation of non-repairable vehicles for collision repair centers. National Coatings & Supplies / Single Source, Inc. (NCS SSI) and Kri-Tech Solutions, LLC announced the introduction of Virtual Total Loss, a productivity and profit enhancement tool for collision repair centers. Virtual Total Loss enables collision repair professionals to streamline workflows by outsourcing estimates for […]

Filed Under: News Tagged With: Agreements Signed, estimating, Kri-Tech Solutions, National Coatings & Supplies, NCS SSI, Total Loss

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