MANAGING 10-50 COMPANY VEHICLES
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Claims Management

Hail Damage Claims for Vehicles Spiking

Insurers made increasingly higher payouts for hail damage to vehicles in three of the four years ending with 2014 than in the earlier three years of a seven-year study completed by the Highway Loss Data Institute.

A Call to Action on Damage Recovery

Even if the vast majority of damage claims are handled properly, it doesn’t take many incidences of abuse to erode the auto rental industry’s trust with consumers. The industry needs to be consistently and actively engaged in reducing the number of damage claim disputes.

Study: More Drivers Canceling or Reducing Insurance Coverage

WASHINGTON - In response to the current economy, nearly 20 percent of drivers on the road have reduced or canceled their car insurance coverage for immediate financial relief, according to a newly released survey from the National Association of Insurance Commissioners (NAIC).

OEM Parts Prices Increase as Parts Availability Decreases

Slow retail sales have prompted not only closure of assembly plants, but also component factories, which is delaying parts deliveries. OEMs are also hiking parts prices, with some experiencing double-digit percentage increases. The dramatic slowdown of automotive sales has also created a "financial crunch" for many parts manufacturers, with many second-tier suppliers going out of business. This portends a difficult environment for fleets to manage accident repair costs.