Insights
New York No-Fault Fee Schedule: What You Need to Know
In October, New York will implement major changes to its fee schedule for auto casualty no-fault claims, which includes increased rates and significant changes to specific ground rules stating that providers may not bill outside of their section of the fee schedule. Find out what you need to know now to comply and what impact it may have for insurers and medical providers operating in the state of New York.
Current Used Vehicle Market Conditions: Q2 2020
Building on a May rebound, wholesale prices in June rose by nearly 10% month-over-month.
Cracking the Code: What DTCs Tell Us About Vehicle Repair Trends
Diagnostic scanning has become a critical first—and last—step in the repair process. While mechanics have long relied on it to identify emission system malfunctions, collision repairers are now more routinely performing pre- and post-scans.
Average Length of Rental for Repairable Vehicles: Q2 2020
The quarterly LOR summary is produced by Enterprise Rent-A-Car. Through its ARMS® Automotive Suite of Products, Enterprise provides collision repair facilities with free cycle time reporting with market comparisons, free text/email capability to update their customers on vehicle repair status, and online reservations. More information is available at armsautosuite.com.
ADAS Vehicles Are Here...But Are You Ready?
From pedestrian detection to lane departure warnings, Advanced Driver Assistance Systems (ADAS) are quickly becoming standard. Today there are nearly 64 million automobiles with ADAS on U.S. and Canadian roads. While the added safety features are designed to protect consumers by reducing accidents and fatalities, they introduce new challenges for collision repairers. Among the biggest obstacles to a proper repair are training and technology.
What You Need to Know About Extended Reality
5 MIN READ
The concept of Extended Reality (XR) conjures up images of virtual computer worlds built as an escape from everything around us. Considering what 2020 has been like so far, that might seem pretty attractive, but extended reality provides us so much more than just an escape. It can be a teacher, tour guide, trainer or an assistant. XR is an umbrella term that encompasses both augmented and virtual reality. It’s rapidly moving out of the hands of gamers and into the world at large.
The Insurance Workforce: How to Maintain Knowledge & Set New Employees up for Success
For the past few years, the insurance industry has become increasingly concerned that many of its most experienced adjusters are thinking about retirement. As many of our most veteran employees are getting ready to walk out the door, the industry needs to not only find a way to retain all of their invaluable expertise, but also make changes to attract, train and retain more young workers to take their place. The COVID-19 pandemic has only sped up the need for the industry to adapt. Let’s take a closer look at three main factors affecting today’s insurance industry workforce.