Fulfilling its Function: ADAS tech reducing claims frequency, according to LexisNexis report
Toronto, Ontario — A new study from LexisNexis is attempting to set the record straight on the relationship between ADAS technology and claims frequency and severity. According to the report, “The impact of Advanced Driver Assistance Systems (ADAS) on insurance claims”, the presence of at least one ADAS feature resulted in an 8 percent decrease […]
Bright Idea: Craftsman Collision to offer ‘fix now, pay later’ through partnership with PayBright
Toronto, Ontario — Craftsman Collision is giving customers a new way to pay through a new partnership with PayBright. PayBright employs a “buy now, pay later” concept as its model, where customers can select “PayBright as a payment method…finalize their auto body repair payment in a matter of seconds and pay for their purchases in […]
Reeling in the Net: MPI reports claims costs down, net income $115.5 million
Winnipeg, Manitoba — Auto claims costs are down in Manitoba as the provincial insurer reported a 27.3 percent drop in the first quarter of 2021. “The first quarter of 2021/22 saw a continuation of the favourable claims experience of 2020/21 with the frequency of collisions occurring at a rate approximately 20 percent lower than generally […]
Price for Progress: CCC report lays out EV repair costs, post-crash drivability
Toronto, Ontario — According to a new report from CCC Intelligent Solutions, drivers aren’t the only ones putting up big bucks for electric vehicles as the report showed that the average EV repair is 3 percent more expensive than on an ICE. It was also found that replacement parts are generally more expensive on EVs […]
Urban Slalom: CAA report shows that poor roads cost Canadian drivers $3B annually
Ottawa, Ontario — Canadians from all over are paying double for the potholes in their communities—once through their taxes to get them fixed—and again after no one follows through and they go unfilled. In fact, a new study from the Canadian Automobile Association (CAA) shows that Canadians are paying about $3 billion a year in […]
Greg Horn of Mitchell on communicating repair costs to your customer
By Jeff Sanford Toronto, Ontario — February 22, 2016 — Mitchell International recently published its quarterly Industry Trends Report. In the latest edition, Greg Horn, Vice President of Industry Relations at Mitchell, focused on the inflation rate driving car repair prices. The results reflect what any shop owner knows intimately—the costs of repair are rising […]
