Mitchell, a leading provider of technology, connectivity and information solutions to the property and casualty (P&C) claims and collision repair industries, has announced that its Chief Technical Officer Erez Nir has been nominated as a finalist for the Trace3 IT Outlier Award for 2012.
What may not be apparent to insurers are the myriad ways in which persistently high fuel prices affect consumer decisions and behavior that directly impact both the severity and frequency of auto insurance claims.
Mitchell illustrates the relationship between swelling fuel prices, total losses, and the resale value of cars from the most fuel-efficient hybrids to gas-guzzlers.
Mitchell illustrates the relationship between swelling fuel prices, total losses, and the resale value of cars from the most fuel-efficient hybrids to gas-guzzlers.
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Auto insurance claim frequency is rising, in some cases precipitously, as gasoline prices have declined from the high levels seen in 2008, meaning more people are spending time on the road.
Auto insurance claim frequency is rising, in some cases precipitously, as gasoline prices have declined from the high levels seen in 2008, according to regulators and two large insurers.