Tag: claims trends

U.S. Homeowners Insurance Sees Fewer Claims but Rising Costs in Summer 2025

In summer 2025, U.S. homeowners insurance claims dropped significantly while average claim costs surged due to rising reconstruction and labor expenses, creating a complex market dynamic for insurers.

U.S. Collision Repair Shops Adapt to Auto Insurance Claims Declines in 2024

Collision repair shops across the U.S. are adjusting to a 3%-5% decline in auto insurance claims in 2024 through staffing cuts, new service lines, enhanced marketing, and insurer partnerships to sustain profitability amid market fluctuations.