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CCC on Thursday announced the amount of claims handled inside a manner incorporating deep machine learning grew a lot more than 50 percent in 2021. It said more than five million claims received “a CCC deep learning AI solution.” And the quantity of claims handled using more than one artificial...

A new Texas bill would require auto insurance policies to not only carry appraisal clauses but make the process more cost-effective for consumers trying to use RTA to treat a short-pay. If the right-to-appraisal process produces a total loss or repair cost valuation $1 greater than the insurer’s last offer,...

Progressive earlier this year reported its personal lines profitability rose nearly $1.46 billion this past year despite paying out COVID-19 premium credits, reimbursing higher auto severity, and increasing its advertising spend. The nation’s No. 3 auto insurer, which derives 94 percent of their personal lines revenue from private passenger auto,...

Farmers on Wednesday announced it might by mid-March have upgraded its discount-providing telematics app Signal to hold a “CrashAssist” feature. Upon detecting a possible crash in line with the phone’s sensor data, the new technology will send a push notification towards the driver’s smartphone asking if a collision occurred and...

Allstate recently reported its auto underwriting profit more than doubled last year to a lot more than $3.4 billion, despite having to absorb higher severity and refunds to policyholders. The profitability stemmed at least partly from the 29.1 % decline in gross auto property damage frequency. “Insurance underwriting margins continued...

CCC on Wednesday released its annual “Quick studies,” and while the 2021 data might in some aspects capture a real outlier of a year, collision repairers should still hustle over and download the free industry resource. The metrics and analysis within the document examines key trends in consumer behavior throughout...

The Iowa Collision Repair Association notched up a legislative victory this session using the passage and enactment of the bill raising the harm threshold for a salvage title. “We wrote that bill,” ICRA lobbyist Scott Weiser said Tuesday of Senate File 230, which Republican Gov. Kim Reynolds into law on...

Opus IVS announced Thursday that the AAA affiliate insurer CSAA had declared the scan tool manufacturer “their preferred collision scanning solution for its Direct Repair Network.” Opus, formerly referred to as Drew Technologies, said the nation’s 16th largest auto carrier had endorsed its ScanSafe and DriveSafe devices. “The Opus IVS...

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...