Plugged-In: EV Collision Insights Q1 2023
May 16, 20233 MIN READ
In Q1 2023, electric vehicle (EV) repairable claims frequency rose to 1.13% in the US and 2.41% in Canada, up a modest 0.03% and 0.15% respectively. While Tesla remains the dominant player, the company’s U.S. market share of repairable vehicles fell in Q1 2023 to 75.8% of all EVs repaired, down from 76.78% in Q4 2022. The Ford Mustang Mach-E continued to capture additional repairable market share as it maintained fourth position in U.S. EV frequency. The Cadillac LYRIQ and Rivian R1S sport utility vehicles entered U.S. collision repair facilities for the first time in Q1 2023.
ePay: A Simple Solution to Improve Claims Efficiency
May 23, 2023
Diet Drugs Trend Unlikely to Make it to Comp
May 19, 2023
While obesity is considered one of the top comorbidities among injured workers that can impede their recovery, and insurers and employers have funded weight loss surgeries, the WC industry is unlikely to cover increasingly popular and less-invasive weight loss pills, experts say.
Mitchell Report Highlights Increase in Electric Vehicle Collision Claims
May 16, 20233 MIN READ
SAN DIEGO, Calif.—Mitchell, an Enlyte company and leading technology and information provider for the Property and Casualty claims and Collision Repair industries, today reported that electric vehicle (EV) repairable claims frequency increased in Q1 2023 to 1.13% in the US and 2.41% in Canada. The data was featured in the company’s latest Plugged-In: EV Collision Insights publication, which provides up-to-date EV claims and market information to the auto insurance and repair industries.
Average Length of Rental for Repairable Vehicles: Q1 2023
May 15, 202310 MIN READ
Length of Rental (LOR) in Q1 2023 was 18.7 days, an increase of one-half day from Q1 2022.
Comp claims tangled by pot laws
May 10, 2023
Managing workers compensation claims that involve the use of medical marijuana as an injury treatment protocol is so novel that employers and insurers remain confused over how to handle the claims.
Ask The Pharmacist: Exploring Drug Market Exclusivity and Generic Availability
May 8, 20234 MIN READ
When drugs are first introduced, they are made available as brand name only for differing lengths of time depending on the particular drug. Individuals often want to know when a generic will be released for the brand name medications to hopefully reduce the price of the medication. To better understand this, it is important to first know the process behind bringing a new drug to market.
Midwest Collision Repair Trade Show and Conference
Located in Kansas City, the Midwest Collision Repair Trade Show and Conference assembles the five active Midwest state associations to deliver an exclusive trade show for business owners, managers and staff.