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What’s Behind the Increase in Total Loss Market Values?
Auto insurance carriers are not only facing increasing cost of repairs due to the rise in vehicle complexity but also are seeing increased costs when it comes to settling total losses. Average total loss market values have increased 6.55% in the first half of 2019 compared to the same time period last year, and the frequency of total loss outcomes has increased slightly as well to 17.53% in the first half of 2019 compared to 17.49% in the same time period last year.
The Introduction of Level 3 Automation
Autonomous vehicles have been making headlines for the past several years with some experts in the industry predicting that such vehicles would be taking over our roadways in the next decade. While this scenario seems unlikely due to the challenges that come with 100% automation, automakers are now equipping their vehicles with more advanced autonomous features that require less driver involvement.
Mitchell’s Virtual Claims Workflow for the Connected Consumer
Today's connected consumers tend to have a higher expectation of self-service options.
Virtual Connections
As the telemedicine industry continues to boom we’re seeing new forms of telehealth emerge in the marketplace. Variations including tele-rehab, remote patient monitoring, and even “avatar-like” nurses being utilized by hospital systems and providers.
Industrial Commission of Arizona Adopts New Pharmacy and Physician Fee Schedules
The Industrial Commission of Arizona (ICA) recently posted the newly adopted pharmaceutical and physician fee schedules for 2019-2020.
Mitchell Issues 3rd Quarter 2019 Industry Trends Report
Mitchell International, a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) Claims and Collision Repair industries, today released its Industry Trends Report (ITR) for the third quarter of 2019.