Property claims volume rose 36% in 2024, driven by a massive rise in catastrophe claims thanks in part to a...
claim severity News
More favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and...
The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic...
The average claim cycle time for auto injury has dropped below pre-pandemic durations after rising rapidly in 2020 and 2021,...
Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the...
Insurance claims inflation has risen faster than the underlying consumer price index, outpacing auto insurance premium increases, according to a...
At the same time as traffic fatalities increased and motorists’ driving habits deteriorated, law enforcement officers were issuing fewer citations...
Claim severity for both bodily injury and property damage increased by 35% since 2019, while collision claim severity has jumped...
Preliminary traffic data provides some hope that a rash of unsafe driving habits spawned by traffic-free roads during COVID-19 business...
Elevated prices for replacement parts and a shortage of technicians are among the factors that will likely offset any decrease...