CCC Auto Claims Snapshot – May 2020

Michelle Hellyar / Auto Claims Snapshot, Auto Insurance, CCC Trends, COVID-19 /

Map of May Auto Claims in the US Miles driven and daily traffic volume fell sharply in mid-March, as states began to issue shelter-at-home directives. At its lowest point, nationwide passenger vehicle travel was down nearly 50 percent. Not surprisingly, CCC saw a significant drop in auto claims activity. While volume in January and February 2020 was essentially flat to the same period […]

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Extreme Weather & Total Loss: Preparing Insurance Carriers for Catastrophe Season

Tarek Wiley / Auto Insurance, Auto-Finance, Perspectives, Research, Total Loss Care /

To account for reduced driving because of social distancing and shelter-at-home guidelines, auto insurers are returning around $10.5 billion to their customers, providing financial relief when they need it most. But on top of the premium rebates being offered to drivers, a major natural disaster could be catastrophic for business. As we enter peak catastrophe […]

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CCC Extends Total Loss Offering, Introduces Industry’s First Comprehensive Digital Resolution Solution

Michelle Hellyar / Auto Insurance, Auto-Finance, Company News, Total Loss Care /

CHICAGO, JUNE 3, 2020 – CCC Information Services Inc. (CCC) announces today the availability of CCC® Total Loss Care (Total Loss Care), a comprehensive digital solution that simplifies and improves the total loss resolution process and policyholder experience. Total Loss Care uses a range of technologies to digitize processes, connect disparate parties, and inform decisions […]

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CCC Information Services Reports Accelerated Growth of Photo Estimate and AI-Supported Claims in Response to COVID-19

Michelle Hellyar / Company News, Insurance /

Infographic of photo method inspection as a percentage of claims volume among individual insurers, adoption during COVID-19. Insurance carriers show strong growth and sustained use of photos as a method of inspection in response to COVID-19. CCC Information Services Inc. (CCC) reports today that photo estimates and AI-supported claims have expanded at a record pace exceeding double-digit growth since the beginning of the year. The rapid adoption of digital technology is in […]

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Auto Financing & COVID-19: How Coronavirus Is Impacting Automotive Lenders

Tarek Wiley / Auto-Finance, COVID-19, Total Loss Care /

How Coronavirus is Impacting Automotive Lenders With a majority of the country under orders to stay home due to COVID-19, there has already been a dramatic drop in auto sales, miles driven, and accident frequency. As many states further extend shelter-at-home guidelines through the end of May or longer, the pandemic is likely to have a long-lasting industry impact. For automotive […]

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CCC Trends with Susanna Gotsch – June 2020

Connor Jenkins / CCC Trends /

Historically, Memorial Day weekend losses have accounted for “approximately 30 percent of non-comprehensive losses for the full month of May.” In the midst of the COVID-19 crisis, Memorial Day weekend auto trends will likely be very different from prior years. In this month’s edition of CCC Trends, Susanna Gotsch predicts what Memorial Day weekend 2020 […]

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COVID-19 Accelerates Digital Adoption in Insurance Industry

Michelle Hellyar / Auto Insurance, COVID-19, Industry News /

Jason Verlen writes an article for Property Casualty 360 In a recent article for Property Casualty 360, CCC’s CCC’s senior Vice President of Product Management, Strategy Jason Verlen explored some new dynamics that we’re seeing unfold within the insurance claims industry as a result of the coronavirus pandemic. Jason writes, “The spread of COVID-19 has dramatically changed our world, upending everything from our daily […]

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CCC Selected by Subaru of America, Inc. for Collision Parts Marketing

Michelle Hellyar / CCC Promote, Company News, Industry News /

CCC Selected by Subaru of America, Inc. for Collision Parts Marketing CCC® Promote enables upfront promotional pricing to thousands of collision repairers as estimates are being written.  CCC Information Services Inc. (CCC) announced today that it has been selected by Subaru of America, Inc. for its CCC® Promote technology that will provide its retailers with a powerful new marketing solution to price and promote parts to […]

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CCC Trends with Susanna Gotsch – May 2020

Connor Jenkins / CCC Trends /

In this month’s edition of CCC Trends, Susanna Gotsch analyzes emerging auto accident trends due to COVID-19– from shifts in the total cost of repair, impact on vehicle sales to severe weather. To check out the rest of the #CCCTrends series, visit CCC’s YouTube channel. Download the full pdf here.

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