by adminpars | May 5, 2011 | Claims Department News
A bill (SB 1300) approved by the Texas Senate in late April would require insurance companies to provide written notice to both shops and consumers explaining how their payment policies and claims procedures differ between direct repair facilities and non-direct...
by adminpars | May 5, 2011 | Claims Department News
“Near term, economic growth may spur increases in the frequency of claims. And as the economy inches closer to full employment, inflation in the severity of claims may accelerate. But economic growth may also spur increases in demand for insurance that absorb...
by adminpars | May 5, 2011 | Claims Department News
U.S. property-casualty insurers saw net income rise 20 percent in 2010 to $34.7 billion (compared to $27.7 billion in 2009). Those gains, however, were mostly due to positive investment returns, according to ISO and the Property Casualty Insurers Association of...
by adminpars | May 5, 2011 | Claims Department News
Consumers shopped and switched auto insurers more aggressively in 2010 than they have for 14 years, according to preliminary survey findings from McKinsey & Co. The survey analysis authors told Auto Insurance Report that the percentage of consumers who got a...
by adminpars | May 5, 2011 | Claims Department News
After three years of increases, the percentage of vehicles declared total losses dipped slightly last year to 13.9 percent (compared to 14.2 percent in 2009), according to CCC Information Services. Audatex predicts that slight downward trend could continue this year...
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