Automotive claim frequency and costs are on the rise again.
The most recent data from the ISS Fast Track Plus™ data reveals Private Passenger Auto Collision losses experienced an increase in claim frequency of 4.3 percent for the rolling four quarters ending Q4 2014 versus the rolling 12 months ending Q4 2013.[1]
Property Damage Liability and Comprehensive losses were up 1.5 percent and 2.3 percent respectively.[2]
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