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Updated Highway Loss Data Institute research into rear autobraking found the ADAS technology cut property damage liability claims 28 percent and collision claims 10 %, the Insurance Institute for Highway Safety said Thursday. The success from the technology recounted through the HLDI’s sister organization suggests a significant threat to auto...

CCC reported that repairable auto vehicle claims were down 21.3 % in 2021 — and 26 % if comprehensive claims were discarded. The second quarter proved the worst for auto body shops, with all repairable claims down 35 % from 2021. Claims proceeded to hover at around 20 percent throughout...

A ValuePenguin “State of Car insurance in 2021” report announced a week ago estimated that auto insurance rates this season represent a 1.7 percent decline — the first reduction in more than a decade. “The speed decrease in 2021 is an anomaly caused by fewer Americans driving in 2021 due...

The Mustang Mach-E just won Motor Trend “SUV of the season,” GM just redid its logo to worry electrification, and Volkswagen’s all-electric $39,995 ID.4 goes on sale “within weeks.” Charging networks are expanding nationwide. Some OEMs have even committed to ditching internal combustion engine-only powertrains in support of fleets that...

Canadian safety charity Parachute announced an inaugural telematics competition to find “Canada’s Safety Driver” produced sustained improvement in the riskiest competitors. But nearly all competitors “returned to their old habits by contest end, notably in the measures of aggressive driving as along with phone distraction,” according to Parachute. Parachute said...

The latest “Who Will pay for What?” survey found about half the body shops polled reporting that eight major insurers reimburse invoiced aluminum labor rates always or more often than not. The percentages of shops seeing that consistency fell slightly from 2021, though it’s unclear if these declines were inside...

Advanced driver assistance systems calibrations produce an example of what economics terms a “credence good,” CIC Industry Relations Committee Co-Chairman Jonathan Chase observed Wednesday. A credence good represents a black box to the consumer buying it. They can’t begin to see the fruits of the labor they’ve purchased. A consumer...

This time this past year, the future of claims was looking increasingly automated. However, we never might have imagined what 2021 would have in store and how it would force everyone around the world to reside and be 'virtual'. Insurance and claims aren't any different. According to the LexisNexis 2021...

The Alliance of Automotive Service Providers of New Jersey on Friday announced members could take part in a new association medical health insurance plan. Association health plans permit members of a trade group to pool their buying power and obtain a much better deal than those companies could obtain by...

While insurance industry representatives protested that the auto claims process didn’t need the changes, Washington state residents and consumer advocates on Monday shared insurance war stories and backed reform legislation. One consumer described a unspecified insurer holding firm on the quote and dragging out the process for months. The carrier...