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From artificial intelligence to augmented reality, technology is transforming the Property & Casualty insurance and collision repair ecosystem. Whether your area of focus is collision claims, collision repair, first or third party casualty, workers’ compensation or pharmacy, ÁùºÏ²Ê¿ª½±¼Ç¼ is your source for information and expert opinions on the latest technology and business trends.
Decrease in Used Electric Vehicle Prices Coincides with an Increase in Total Loss Claims
June 4, 2024
ÁùºÏ²Ê¿ª½±¼Ç¼ today released its Q1 2024 trends report: Plugged-In: EV Collision Insights. This quarter’s report provides an update on EV total loss frequency, which has risen since late last year as the price of used EVs has fallen. In the U.S. and Canada, EV total loss rates were 9.93% and 7.48% respectively—an increase of approximately 8% from Q4 2023 and 30% from Q3 2023 in both regions.
Latest ÁùºÏ²Ê¿ª½±¼Ç¼ Data Shows Continued Increase in Electric Vehicle Collision Claims
March 7, 2024
ÁùºÏ²Ê¿ª½±¼Ç¼ today announced the publication of its latest trends report: Plugged-In: EV Collision Insights. This issue provides a year-over-year analysis of EV claims volume, which increased in 2023 by more than 40% in the U.S. and Canada.
Classic Collision Licenses ÁùºÏ²Ê¿ª½±¼Ç¼ Cloud Estimating for Use at All Locations
February 29, 2024
ÁùºÏ²Ê¿ª½±¼Ç¼ and Classic Collision, LLC, one of the top four largest MSOs in the nation, today announced that they have signed a multi-year agreement. The enterprise licensing agreement gives all current and future Classic Collision locations access to ÁùºÏ²Ê¿ª½±¼Ç¼ Cloud Estimating with Integrated Repair Procedures as well as the company’s Paintless Dent Repair (PDR) calculator.