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Stock impact report

CCC Crash Course Report Reveals How Labor Pressures and Increasing Vehicle Complexity Are Reshaping Auto Insurance and Collision Repair Industries [Yahoo! Finance]

CCC Intelligent Solutions Holdings Inc. (CCCS) 
Company Research Source: Yahoo! Finance
CHICAGO, March 26, 2024 BUSINESS WIRE CCC Intelligent Solutions Inc. (CCC), a leading cloud platform powering the P&C insurance economy, today published its 2024 Crash Course Report highlighting the latest data, insights, and trends impacting the auto claims and collision repair industries. The report, now on a quarterly schedule, is based on information derived from 300 million claims-related transactions and millions of bodily injury and personal injury protection (PIP) /medical payments (MedPay) casualty claims processed by CCC's customers using the company's solutions. Crash Course Q1 2024 found that increasing vehicle complexity, combined with rising labor costs and shortages, are placing persistent pressure on carriers and repairers. New findings show that while vehicles may be safer, more capable of avoiding crashes, and more environmentally friendly, advanced technology is contributing to costlier repairs, higher claims costs, and longer cycle times. Additional factors, s Show less Read more
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