Insights
Three Automotive Claims Market Predictions for 2020
With the end of 2019 rapidly approaching, it is only natural to start thinking about the year ahead. We took a look at our data from the past three years and started to forecast what we expect to see in the year ahead. The wave of complexity in the automotive industry shows no signs of slowing down, and that means additional pressures on claims costs in the coming year. The following are three predictions for what we expect to be in store for the automotive claims industry in 2020.
When Do You Need an MSA?
This article is authored by guest blogger, Deborah Robinson Stewart, National Manager of Medicare Set-Asides, Genex Services. In its simplest form, the Medicare Set-Aside (MSA) is a pool of funding reserved for future accident-related treatment once a workers’ compensation case is settled. However, because of its complex nature, some employers will go the MSA route when there are better options available, or they’ll incorrectly believe a settlement agreement will cover these expenses and decide not to pursue.
Average Length of Rental for Repairable Vehicles: Q3 2019
Average Length of Rental (LOR) for Q3 2019 landed at 12.4 days in the United States, an increase of 0.4 days compared to Q3 2018. Once again, there was very little consistency between regions and states or with Q2’s numbers. The Mid-Atlantic and Midwest regions produced the largest increases at 0.5 days each.
Airbags Take a Front Seat in Vehicle Safety and Collision Repairs
After veering into a ditch during an afternoon drive in 1952, an industrial engineering technician named John Hetrick drew inspiration for vehicle safety from an unlikely source; the inflatable, protective covers used on Navy torpedoes.
2020 Vision: A Look at Proper and Safe Glass Repair
As ADAS system components increasingly become standard on newer vehicles, running an efficient glass business while ensuring proper and safe glass repair is increasingly challenging. Glass installers need the best available tools to help streamline business operations and glass repair.
CMS Recovery Thresholds Update
1 MIN READ
Keep current with new legislation and its potential effect on your organization. This regulatory update is for informational purposes only, and provides some key highlights on state initiatives that may impact the Medicare Set-Aside services Genex provides.
CMS Recovery Thresholds Update
1 MIN READ
Keep current with new legislation and its potential effect on your organization.