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 […]
Collision Claims Severity Dropped in 2024 While Total Losses Increased
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 […]
Oklahoma Storage and Total Loss Administrative Charge Price Control Bill Becomes Law
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 […]
U.S. Vehicle Fleet Transformation Impacts Auto Claims and Collision Repair Industries
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 […]
Rhode Island House Bill Proposes Changes to Total Loss Threshold, Documented Procedure Compensation
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 […]
Enlyte’s Trends Report Examines Year of Generative AI
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 […]
CCC Reports Total Cost of Repair Up 3.7% in First Half of 2024
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 […]
Snapsheet Introduces Total Loss Claim Solution
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, […]
LexisNexis Report Highlights Generational Risks in Drivers and Vehicles that Contribute to Higher Claim Frequencies
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 […]
Mitchell Reports EV Total Losses Increasing as Prices Decline
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 […]
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