Auto-Finance

How Automotive Lenders Can Improve Total Loss Efficiency in 3 Easy Steps

Tarek Wiley / Auto-Finance, COVID-19, Total Loss Care /

Three Steps to Faster Total Loss Resolution for Automotive Lenders Automotive finance lenders have been feeling the impacts of COVID-19 on day-to-day business operations. Call duration is up. Resources remain stretched. And while lenders prioritize calls with concerned customers, insurance carriers wait on hold, delaying what is already a time-consuming total loss process. As the world begins to open again, lenders should evaluate whether their […]

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Extreme Weather & Total Loss: Preparing Insurance Carriers for Catastrophe Season

Tarek Wiley / Auto Insurance, Auto-Finance, Perspectives, Research, Total Loss Care /

Preparing Insurance Carriers for Catastrophe Season To account for reduced driving because of social distancing and shelter-at-home guidelines, auto insurers are returning around $10.5 billion to their customers, providing financial relief when they need it most. But on top of the premium rebates being offered to drivers, a major natural disaster could be catastrophic for business. As we enter peak catastrophe […]

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CCC Extends Total Loss Offering, Introduces Industry’s First Comprehensive Digital Resolution Solution

CCC Corporate / Auto Insurance, Auto-Finance, Company News, Total Loss Care /

CHICAGO, JUNE 3, 2020 – CCC Intelligent Solutions (CCC) announces today the availability of CCC® Total Loss Care (Total Loss Care), a comprehensive digital solution that simplifies and improves the total loss resolution process and policyholder experience. Total Loss Care uses a range of technologies to digitize processes, connect disparate parties, and inform decisions throughout […]

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Auto Financing & COVID-19: How Coronavirus Is Impacting Automotive Lenders

Tarek Wiley / Auto-Finance, COVID-19, Total Loss Care /

How Coronavirus is Impacting Automotive Lenders With a majority of the country under orders to stay home due to COVID-19, there has already been a dramatic drop in auto sales, miles driven, and accident frequency. As many states further extend shelter-at-home guidelines through the end of May or longer, the pandemic is likely to have a long-lasting industry impact. For automotive […]

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