In 2015 automotive claim frequency and loss costs rose again, essentially returning to levels last seen pre-recession. Consumers are back at work, spending more time behind the wheel, and quickly adapting to a world that is rapidly becoming more digital and distracting. So what can we expect in 2016 and the years ahead? The […]
In recent years, that number of collision repair facilities in the U.S. has steadied, as economic recovery, miles driven, extreme winter weather, and improved new vehicle sales began to drive up auto accident frequency. In this month’s CCC Trends Susanna discusses consolidation in the collision repair industry and the challenges from complex material types […]
In 2015 the industry emerged from an almost eight year pause in historic trends for automotive claim costs and frequency, with claim frequency essentially returning to levels last seen pre-recession. In this edition of CCC Trends, Susanna offers an outlook at what’s to come in 2016. Take a look at several factors driving an increase […]
Automotive claim frequency and costs are on the rise again. The most recent data from the ISS Fast Track Plus™ data reveals Private Passenger Auto Collision losses experienced an increase in claim frequency of 4.3 percent for the rolling four quarters ending Q4 2014 versus the rolling 12 months ending Q4 2013.1 Property Damage Liability […]