Total loss frequency continues to be elevated as we head into the second half of CY 2016. When looking at collision and liability losses the percent of vehicle appraisals flagged total loss for the 1st half of 2016 is the highest seen in the last six years (see Figure 1). In large part, much of […]
As we head into the second half of 2016, the industry continues to see elevated total loss frequency. In fact, for collision and liability losses, the percent of vehicle appraisals flagged total loss for the 1st half of 2016 is the highest seen in the last six years. So why do we see a larger […]
(This article first appeared in Property Casualty 360.) In Crash Course 2016, we explored the impact of a changing vehicle fleet on vehicle repair and total loss costs. In this article we’ll look at some of the most recent data on vehicles being sold and driven in the U.S. and how that is driving costs […]