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Auto Physical Damage
Podcast
Episode 10: Collision Claim Trends and What to Expect in 2024
November 15, 2023
What keeps carriers and collision repairers up at night? In this episode, Ryan highlights the effect of recent collision claim trends—including rising repair costs, parts supply chain disruptions and advancements in vehicle technology—on the auto insurance ecosystem. He also provides a sneak peek at the four trends to watch for in 2024.
Business Insurance
In the News
Technology aids workers comp claims advocacy
November 14, 2023
Implementing advanced technology and frontline patient advocacy are neck and neck among the fastest-growing trends in workers compensation claims management, but the best results for patients often come from balancing the two, experts say.
Enlyte
Article
Progressive Pathways: Exploring Workers’ Comp Legislation in Texas, New York, Illinois, California and Tennessee
November 14, 2023
Enlyte has seen a 12% increase in our Workers’ Compensation Professional Services Medical Price Index (MPI) since 2017, according to Michele Hibbert, Sr. VP of compliance. This divergence is unprecedented and significantly above the Consumer Price Index (CPI), which measures inflation across services/goods.
Auto Physical Damage
Article
Plugged-In: EV Collision Insights Q3 2023
November 8, 2023
Electric vehicle (EV) repairable claims frequency rose to 1.86% in the U.S. and 3.14% in Canada in Q3 2023—up a modest 0.37% and 0.50% respectively from Q2. Tesla, the world’s largest EV manufacturer, accounted for over 70% of the EVs repaired in North American collision facilities last quarter.
Enlyte
Article
How to Use Data to Influence Claim Decisions
November 8, 2023
Check out the key insights from our exclusive leader to leader webinar with Sentry Insurance experts. Watch the webinar, to discover how data is influencing claim decisions and grab valuable takeaways for your team.
Auto Physical Damage
News Release
Mitchell Reports a Lower Total Loss Rate for Electric Vehicles
November 8, 2023
Mitchell released its latest trends report: Plugged-In: EV Collision Insights. This quarter’s report examines total loss frequency for electric and ICE automobiles. In the U.S. and Canada from Q1 to Q3 2023, the EV total loss rate was 7.25% for models 2020 and newer. Luxury ICE automobiles had a rate of 7.47% versus 8.49% for all ICE vehicles.