Bray’s Report

Here’s the 2010 Data on average loss severity for all “property claims” handled through AutoClaims Direct’s  ( American Property Claims ) Division.

Here’s some key provisions.  Click here for the full link.

This bill would define and redefine "crash part," "aftermarket
crash part," and "original equipment manufacturer crash part," for
purposes of the act and the motor vehicle replacement part
provisions.
    The bill would specify that an automotive repair dealer who
prepares a written estimate that includes replacement of a deployed
airbag and who fails to repair and fully restore the airbag where the
consumer has paid for the repair, as specified, is guilty of a
misdemeanor punishable by a fine, imprisonment, or both.
   The bill would require the invoice for work done by an automotive
repair dealer to describe all service work done, parts supplied, and
crash parts installed. The bill would make a statement of legislative
intent regarding this requirement.

AutoClaims Direct, the leader in technology and claims services to the auto insurance claims industry today announced the unveiling of the corporation’s new Special Investigations Unit ( SIU )  The department will be headed up by former law enforcement personnel with extensive experience in fraud and arson investigation. The ACD SIU unit will work in conjunction with the corporations Appraisal and Adjusting division. “I am very excited about the new opportunity to serve our insurance partners with yet another value added service. We at AutoClaims Direct are always seeking ways to help our clients handle their claims process more efficiently.” Stated, Jason Fogel, Vice President of Operation at AutoClaims Direct.

The total loss breakpoint,  (the point at which a vehicle reaches total loss threshold) for August is shown in the chart below for all files processed through the Directlink during the month.

Here’s the recent 30 day average appraisal values of files run the AutoClaims Direct’s “DirectLink.

AUTOCLAIMS DIRECT Ranks No. 971 on the 2010 Inc. 5000 with Three-Year Sales Growth of 306%

NEW YORK, August 24, 2010– Inc. magazine today ranked Carlsbad based AutoClaims Direct,  #971 on its fourth annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Music website Pandora, convenience store chain 7-Eleven, Brooklyn Brewery, and Radio Flyer, maker of the iconic children’s red wagon, are among the prominent brands featured on this year’s list.

“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”

This year, AutoClaims Direct placed in the top 1000 of the list at #971, with an extraordinary three year growth rate of 306%. AutoClaims Direct ranked # 21 in the San Diego Metro Region. Profitable every year since its founding, AutoClaims Direct has been recognized by leading business and industry sources for this significant and consistent growth.

“Our success over the last seven years is largely attributable to our commitment to people, planning, innovation and technology. We have transformed the insurance claims industry by creating the most advanced unified business solution,” said Ernie Bray, Chairman and CEO of AutoClaims Direct. “Achieving such growth during one of the worst economic recessions in U.S. history is a true testament of our conservative fiscal management and strategic planning meshed with a dedicated staff who are passionate about providing unmatched service to our clients. Teamwork, Technology and Client Focused service is an unbeatable formula for success.” Added Bray. “Our ability to mesh our technology services with high quality claims service has made us the leader in our field.”

Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent. This year’s Inc. 5000 employ a record 1.4 million people, up from one million on last year’s list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.

About Autoclaims Direct

AutoClaims Direct is a leading claims technology and business services firm to the property and casualty sector. The firm provides claims management solutions specializing in auto and homeowners insurance.  Services provided include software solutions, nationwide auto damage appraising, adjusting services and unified business process management. Visit AutoClaims Direct at www.autoclaimsdirect.com

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.

Here’s the current 2010 national labor rate averages for auto body claims run through AutoClaims Direct’s industry leading DirectLink.

The consumer price index for auto body repair for July was released. The chart below shows the current trend.

Here’s a current snapshot of the current appraisal part usage averages nationwide based on all files processed through the DirectLink.

AutoClaims Direct’s time study division is now in full swing nationwide! Time study representatives and certified technicians are working on compiling real time auto body and mechanical repair data. This program will be the most comprehensive and detailed independent analysis of repairs in the industry. Stay tuned as our division grows.