Insights
Total Loss Trends: What You Can and Can’t Control
Ah, the holidays are upon us. For me, this brings to mind all the sentiments of the season, like large family gatherings, in-laws, and the occasional antipsychotic. Over the years, I’ve found that the path to maintaining sanity (holidays or otherwise) is having a good sense of what you can and can’t control. And when it comes to total loss, what you definitely can’t control are market forces.
Understanding SB1160: The New California Utilization Review Process
5 MIN READ
In the scant months leading up to its signature by California Governor, Jerry Brown, SB1160 gained a tremendous amount of attention from those in the California workers’ compensation industry. This bill, which was signed into law on Sept. 30, 2016, speaks to persistent delays and denials of medical care for injured workers, contains reforms that could considerably impact workers’ compensation programs and influence utilization review requirements nationwide.
Using an Advanced Medical Bill Review Platform to Improve Third Party Outcomes
5 MIN READ
Some auto casualty insurance carriers’ workflows are missing a key part of an end-to-end third party solution – an advanced medical bill review platform. Though bill review is traditionally thought of as a specifically first party or workers’ compensation solution, it can also make an impact on third party claims.
Using Data Analytics to Optimize Insurance Claims Management
For insurance carriers, finding ways to capitalize on the growing volume and velocity of information being generated and collected in their claims systems and operational databases is a critical challenge. Today’s overabundance of data can be an asset. However, without the professional expertise to turn this disparate data into actionable optimization and measurable intelligence, the data is powerless.
Mitchell Canadian Collision Summary: Q1 2017
This data is the product of upload activity from body shops, independent appraisers, and insurance personnel, more accurately depicting insurance-paid loss activity, rather than consumer direct or retail market pricing.
Mitchell Canadian Collision Summary: Q2 2017
This data is the product of upload activity from body shops, independent appraisers, and insurance personnel, more accurately depicting insurance-paid loss activity, rather than consumer direct or retail market pricing.
Mitchell Collision Repair Industry Data: Q1 2017
The initial average appraisal value, calculated by combining data from all first and third-party repairable vehicle appraisals uploaded through Mitchell systems in Q1 2017, was $3,018, $4 less than this same period last year. However, continued development suggests a final Q1 2017 average appraisal value of $3,047, which represents an increase of the same quarter last year.
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