Auto Insurers Face Rising Repair Costs, EV and Tech Complexity in 2025: Report October 7, 2024 Amid inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, insurers and repairers will...
Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair: Report April 9, 2024 By Don Jergler New technologies and rising labor costs are putting pressure on auto insurance carriers and auto repairers by making repairs more...
PE Companies Bain Capital and TPG Weigh Deal for Advent’s CCC Insurance Software September 29, 2023 By Crystal Tse, Ryan Gould and Liana Baker Bain Capital and TPG Inc. are weighing a deal for CCC Intelligent Solutions Holdings Inc., the car-insurance software provider controlled...
PE Firm Advent Eyes Sale of Car Insurance Software Vendor CCC: Sources September 18, 2023 By Milana Vinn Private equity firm Advent International is exploring a sale of CCC Intelligent Solutions Holdings Inc., a provider of software to...
Heavier Vehicles, Distracted Drivers Impacting Claim Severity March 17, 2023 By Jim Sams US roadways are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted,...
How Car, Home Inflation Is Driving Up Loss Costs for Insurers February 15, 2022 By Jim Sams The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to...