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Collision Repair Costs Found to Increase In Third Quarter

The average vehicle crash damage repair on an adjusted basis increased $164 in the third quarter, according to an electronic processing provider for the collision industry.

San Diego-based Mitchell International said in the third quarter average gross appraisal value for comprehensive coverage estimates processed through company servers was $2,468 compared to $2,356 in the same period for 2008.

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Healthcare Debate Still Dominating Washington

With the Senate Finance Committee voting to approve its version of healthcare legislation last week, the time has come for congressional leaders in both chambers to begin the difficult task of reconciling it with the several other reform bills that have been passed out of committee. Much of this process will be done behind closed doors this week and the Senate has at least indicated that there could be something on the floor by the end of the week.

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Florida Insurance Chief: Rate Increases May Be Needed

(TALLAHASSEE, Fla.) (AP) Sept. 15 – Florida’s insurance commissioner says companies offering hurricane coverage may need rate increases due to underwriting losses although the state hasn’t had any serious storms lately.

Commissioner Kevin McCarty said Tuesday that there are two alternatives: raise rates or take steps to alleviate factors that are driving costs up.

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