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Stock impact report

Primary Point of Impact Contributing to Differences in Claims Severity for Battery Electric and Internal Combustion Engine Vehicles [Yahoo! Finance]

KKR & Co. Inc. (KKR) 
Last kkr & co. inc. earnings: 1/31 06:50 am Check Earnings Report
US:NYSE Investor Relations: ir.kkr.com
Company Research Source: Yahoo! Finance
SAN DIEGO Nov. 13, 2024 /PRNewswire/ -- Mitchell, an Enlyte company and leading technology and information provider for the Property & Casualty (P&C) claims and Collision Repair industries, today announced the release of its Q3 2024 Plugged-In: EV Collision Insights report. This issue provides an overview of the point-of-impact and severity differences between repairable battery electric vehicles (BEVs) and automobiles with an internal combustion engine (ICE). Collisions involving front-end impact are the most common and 40% costlier, on average, than those involving rear-end impact. Based on Mitchell data, ICE vehicles have a higher frequency of front-end impact (31.59%) versus BEVs (25.88%), which are more likely to sustain rear-end damage (35.98%) than ICE alternatives (27.57%). "There's a direct correlation between the primary point of impact and claims severity," said Ryan Mandell , Mitchell's director of claims performance. "Even though overall severity remains higher for B Show less Read more
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