Escalating repair and medical costs, deteriorating highway infrastructure, and increased miles driven are among the factors that raised the loss and loss adjustment expense ratio in recent years—to 78.4 in 2015 and to 81.1 in 2016. Through the government-supported parallel import program, more Chinese consumers enjoy easy access to overseas premium vehicles like Porsche and…
Tag: market
Car Sales Down, Inventory Up In Contracting Auto Market
PHILADELPHIA, Pennsylvania – In the State of Pennsylvania, you are entitled to recover the value that your vehicle has lost as a result of collision repairs from the insurance company of the at-fault driver. This is the world’s largest car market — responsible for around 30 percent of global passenger vehicle sales — announcing an imminent…