Total loss is a growing problem as insurers search for profitability: since 2016, the percentage of collisions that were totaled has risen by 35%. In this video perspective presentation by PC360 and LexisNexis Risk Solutions, you’ll get an overview of why total losses are rising with PropertyCasualty360 editor-in-chief Patricia Harman and managing editor Steve Hallo. Following that, director of claims from LexisNexis Risk Solutions, Frank Cesario, will detail how carriers can expedite this process by obtaining and utilizing total loss data at the beginning of the claim.
Click on this video to get a better understanding of:
- What’s behind the rise in total loss claims;
- Why roads are getting riskier for insurers;
- What insurers can do today to achieve better timelines in resolving a claim; and
- What a fast resolution means for the insurer-customer relationship.