Claim severity for both bodily injury and property damage increased by 35% since 2019, while collision claim severity has jumped...
loss costs News
Elevated prices for replacement parts and a shortage of technicians are among the factors that will likely offset any decrease...
US Insurers — already hammered by extraordinary losses caused by natural disasters — are also failing to raise premiums at...
The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to...
Advanced driver assistance systems result in fewer claims and reduce insurers loss costs by up to 23%, according to a...
Although parametric solutions have been generally available since the late 1990s, they have more recently found their way into corporate...
Colorado businesses will see a large reduction in “loss costs” associated with workers’ compensation premiums in 2018, according to the...
Missouri businesses could see a decline in their workers’ compensation insurance premiums next year. The state insurance department says a...
West Virginia employers would continue to benefit from lower workers’ compensation rates if the state agrees with an industry filing...