The California bill that deals with insurance code in which no insurer shall require that an automobile be repaired at a specific facility was amended yesterday. Click here for the link.
Daily Archives: June 18, 2008
NAMIC expresses concern regarding patent law use to eliminate aftermarket parts.
The National Association of Mutual Insurance Companies joined with other insurance organizations monday in testimony to the U.S. Patent and Trademark office yesterday expressing the concern that patent laws regarding use of aftermarket parts would increase costs to consumers. Click here for more info.
Current Industry Severity Breakpoints.
From January 1st 2008 to present, the current claims severity breakpoints are as follows
Severity $500 and under 9.09%
Severity $1000 and under 28.04%
Severity $2500 and under 66.26%
Data source: © 2008, AutoClaims Direct, DirectLink