U.S. P & C Insurers Post $841.5 Million First-Quarter Underwriting Loss, But Still Flush with Cash
The U.S. property & casualty insurance industry posted a first-quarter 2017 net underwriting loss of $841.5 million, according to preliminary financial results detailed in A.M. Best’s latest “First Look” report
Collision Repair Guide Outlines Mississippi Consumers’ Rights When Dealing with Shops and Insurers
The Consumer’s Guide to Insurance and Auto Body Repair addresses what consumers should expect from their insurance carriers and body shops, how to choose a shop, and the different types of repair costs and warranties.
Insurers Will Need to Cash in on Autonomous Vehicles by 2025, Report Says
The rise of autonomous vehicles will be a mixed blessing for U.S. auto insurers, according to a new report.
Insurers at their Worst: What Collision Repairers Can Learn from ‘Ugly’ Court Cases
The recently dismissed RICO case against seven major insurance companies is just one recent example of insurers having to defend themselves in court for their allegedly unscrupulous business practices.
J.D. Power: Erie Insurance Ranks Highest in Customer Experience Among Auto Insurers
Erie Insurance ranks highest among auto insurers in providing a satisfying purchase experience, according to the J.D. Power 2017 U.S. Insurance Shopping Study. Progressive didn’t do quite so well.
Reader’s Choice: How Are Other Body Shops Getting Insurers to Pay Legitimate Expenses?
If a repairer makes the vehicle owner their main priority, everything else will fall into its proper place…including your company’s profits.
California Insurers Bemoan State’s New Collision Repair Labor Rates
Two trade associations representing California auto insurers assert that new collision repair regulations are adding to the “skyrocketing repair costs” in the state, and warn that insurers will have no choice but to pass those costs on to consumers.
NORTHEAST 2017: Mike Anderson Teaches Body Shop Owners to Negotiate with Insurers, Get Paid
During the 2017 NORTHEAST Automotive Services Show, Mike Anderson offered a crash course on the art of negotiating with insurers.
House Passes Bill Removing Antitrust Exemption for Health Insurers
The bill would repeal the antitrust exemption featured in the McCarran-Ferguson Act of 1945 for the health insurance sector, but preserves the antitrust exemption for auto and property insurance.
New York: Bill Would Forbid Insurers from Specifying Aftermarket Collision Repair Parts on Newer Vehicles
The New York State Assembly is considering a bill that would require body shops to use new OEM repair parts on collision-damaged vehicles that are three years old and under.
