Auto Collision Cases 2020
The number of auto collision settlements and total recoveries reached five-year highs in the 2020 Report. While the number of settlements increased just 8%, the total amount almost doubled from five years ago from $153 million to $301 million this year. Both the average and median settlement amounts spiked with the average exceeding $1.59 million, which is 13% higher than 2019, and the median at $450,000 is 30% higher …
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