Earns call takeaways: Despite 3Q rise in frequency, Progressive anticipates fewer crashes long-term
— November 24, 2015Despite more claims in the third quarter of 2015, Progressive CEO Glenn Renwick stressed to investors
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Insurance
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Report: One State Farm ‘market area’ pegged to large Census metro area
— November 23, 2015State Farm is in at least one prominent, sprawling U.S. metropolitan area assigning revised “prevailing”
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Byers out as CARSTAR CEO; former longtime Allstate claims staffer Young gets top job
— November 22, 2015In what appears to be a surprise move, Driven Brands has ousted four-year CARSTAR CEO David Byers and
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State Farm finishes new market study, revamps labor rates it’ll pay
— November 20, 2015Shops across the country have reported State Farm has begun shifting the labor rates it’ll pay
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Wisc. auto body shop choice bill took over a decade, required compromise, constituents raising issue
— November 18, 2015Though at first blush a Wisconsin auto body shop choice bill seemed to pass easily in the General Assembly,
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Gov. Scott Walker signs auto body shop choice bill in Wisconsin
— November 18, 2015Car insurance companies can no longer demand repairs be made at a particular auto body shop under
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Mitchell: Frequency, severity can be worse on edge of winter than in heart of it
— November 18, 2015A Mitchell analysis reveals that insurers and shops should expect more total losses and costlier repairs
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Liberty Mutual, Safeco DRPs to combine under one team; move follows recent DRP cost-cutting actions
— November 17, 2015The Safeco and Liberty Mutual direct repair programs have been merged into the Personal Insurance direct
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GEICO, Progressive confirm frequency, severity trends; more business for shops, more scrutiny of costs, premiums
— November 16, 2015Three of the nation’s top four insurers this year have confirmed a trend of rising crash frequency
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Allstate likely to maintain higher rates, tougher claims handling to hit target profit margin
— November 16, 2015Allstate’s four-part “comprehensive program” to improve margins — including a harder
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