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Though it continues to be No. 3 insurer in the united states, Progressive continued to achieve last year on its rivals GEICO assuring Farm, according to National Association of Insurance Commissioners data released last month. Progressive's share of premium dollars rose 1.05 percentage points to 13.3 percent of the private...

CCC data released recently indicates the collision industry after 2021 was cleaning around another of customer vehicles as a COVID-19 precaution. During the very first quarter of 2021, only one.1 percent of appraisals contained a COVID-19 disinfecting charge. By the fourth quarter, this proportion rose to “over 30 percent,” CCC...

About 46 percent of repairable vehicle estimates in the fourth quarter of 2021 contained at least one line item for any vehicle diagnostic scan, according to the 2021 CCC “Crash Course” released last month. Fifty-eight percent of current-year or newer repairable vehicle appraisals included a scan charge, and 55 percent...

WIRED magazine on Monday took phone insurance industry’s change to photo-based estimating and photo estimating artificial intelligence — as well as body shops’ criticism of the concepts. The article presents the broader trends featuring multiple collision industry voices highlighting discrepancies between photo-based estimates and just what the businesses actually detect:This...

Legislation related to OEM procedures, labor rate surveys and DRP network promotion produced extensive discussion Monday about how exactly direct repair programs operate in Texas. The House Insurance Committee conversation Monday included a representative for various major insurers declaring their DRP shops are told “‘do what must be done'” for...

A bill amending New York’s shop choice law to preserve collision repairer autonomy on part selection has returned for any fifth legislative try. Assembly Bill 6902 would append Insurance Law 2610 to report that first-party collision and comprehensive insurers could not “require a repair facility to utilize a specific vendor...

Chubb on Thursday confirmed that it had offered the Hartford $65 per share for that company, representing a 26 percent premium over the company’s recent average stock price. “We've not yet received an answer to the proposal but are getting excited about constructive, private discussions to be able to expeditiously...

Despite overwhelming support from lawmakers in 2021, a bill promoting paint and materials guidelines and scanning and calibration OEM repair procedures was shot down by a New Hampshire House committee this month. The House Commerce and Consumer Affairs Committee deemed House Bill 310 “Inexpedient to Legislate” within an 18-0 vote...

The Hartford board of directors on Tuesday unanimously voted against Chubb’s offer to buy the rival carrier for more than $23 billion in cash and stock. Hartford directors felt it wasn’t worth going any more with Chubb’s cold-call offer of $65 per share for that Top 20 auto insurer. “The...

The Collision Industry Conference on Wednesday reiterated that it is April 21-22 meeting in Arizona would offer the option of attending personally or virtually over Zoom. “Due to Arizona COVID restrictions, the in-person is restricted to active 2021 Gold Pin participants,” the CIC wrote in a news release. “Those unable...