auto claims News

EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs

Electric car sales already are in a funk in key markets around the globe. Challenges finding enough repair technicians threatens to further stifle demand in the UK, where consumer uptake has stagnated for the better part of two years. A …

Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair: Report

New technologies and rising labor costs are putting pressure on auto insurance carriers and auto repairers by making repairs more costly and increasing repair times, trends that a new report asserts are “reshaping” the industries. The bottom-line message: Newer vehicles …

Heavier Vehicles, Distracted Drivers Impacting Claim Severity

US roadways are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted, according to CCC Intelligent Solutions’ annual Crash Course report. Each of those factors has a bearing on the frequency and …

GEICO, Location-Tech what3words Partner to Enhance Roadside Assistance

GEICO and location-technology provider what3words announced a new partnership to provide enhanced roadside assistance to customers across the U.S. With what3words, GEICO teams can pinpoint a customer’s precise locations with ease, dispatch assistance to that exact location, and provide help …

Increased Car Accidents? Blame Weather, Time of Day—Not Pot Decriminalization

Actuarial research released last week suggests that marijuana decriminalization is not associated with a notable increase in traffic accidents or accident severity. Temporal patterns of human activity (such as yearly, weekly and daily cycles) and inclement weather are much better …

Studies Find Automatic Braking Can Cut Crashes Over 40%

Two new U.S. studies show that automatic emergency braking can cut the number of rear-end automobile crashes in half, and reduce pickup truck crashes by more than 40%. The studies released Tuesday, one by a government-auto industry partnership and the …

Auto Policyholders’ Claims Satisfaction Wanes: J.D. Power

Well documented are the pains insurers are facing while trying to keep up with rising claims frequency and severity in auto lines. J.D. Power’s newest study on claims satisfaction reveals the frustration has trickled to consumers. The J.D. Power 2022 …

Bad Driving, Inflation Among Factors Pushing Increase in Auto Loss Ratios

US auto insurers are coping with the largest direct loss ratio in 20 years because of factors that include historic inflation, a deterioration in driving behavior and sky-high jury awards, the American Property and Casualty Insurance Association says in a …

Pennsylvaina Auto Body Shop Owner Accused of $426K in False Insurance Claims

The owner of a Chalfont, Pennsylvania auto body repair shop submitted 289 false insurance claims over several years to four insurance companies, pocketing more than $426,000 in payouts, according to the Bucks County district attorney. District Attorney Matt Weintraub said …

Technology Delivering New Data Sources for Claims Investigations

The driver of the 2021 Toyota Sienna said he crashed because another car bumped the rear of his vehicle while passing on the right, causing him to lose control. It was the wrong car for lying about the cause of …