RI Insurance Bulletin 2017-3

Auto Body Labor Rate Survey Reports

Year: 2017Length: 534 wordsOfficial source
Page 1 of 3 Department of Business Regulation 1511 Pontiac Avenue, Bldg. 69-2 Cranston, RI 02920 Insurance Bulletin Number 2017-3 Auto Body Labor Rate Survey Reports 2017 Prevailing Labor Rates In accordance with Insurance Bulletin 2017-1, insurers and insurance groups that were determined to meet the criteria established in 230-RICR-20-05-10, i.e., greater than 1% market share, have submitted the 2017 Auto Body Labor Rate Survey Reports to this Department. The 2017 prevailing labor rates as established by these insurers follow: Progressive Group 20.97% (Group Market Share) Class A Class B Prevailing Sheet Metal/Refinish Rate $47.00 $47.00 Prevailing Frame Rate $47.00 $47.00 Prevailing Mechanical Rate $60.00 $60.00 Allstate Insurance Group 10.88% (Group Market Share) Class A Class B Prevailing Sheet Metal/Refinish Rate $50.00 $48.00 Prevailing Frame Rate $50.00 $49.00 Prevailing Mechanical Rate $59.00 $59.00 Aluminum Rate $80.00 Berkshire Hathaway Insurance Group 9.86% (Group Market Share) Class A Class B GEICO*: Prevailing Body/Paint Rate $45.00 $45.00 Prevailing Mechanical Rate $50.00 $50.00 *Also noted gives adjusters discretion to make reasonable adjustments. Class A Class B National Indemnity: Prevailing Labor Rate (non-aluminum) $47.00 $47.00 (Also noted adjuster negotiations) Page 2 of 3 Amica Mutual Group 9.27% (Group Market Share) Class A Class B Prevailing Labor Rate $48.00 $46.00 Aluminum Rate $50.00 Liberty Mutual Group 7.22% (Group Market Share) Class A Class B Prevailing Labor Rate $48.00 $46.00 (Also noted exceptions involving commercial vehicles or aluminum constructed vehicles) Nationwide Corporation Group 6.63% (Group Market Share) Class A Class B Prevailing Labor Rate $50.00 $48.00 (Also noted negotiations with body shops may take place and Aluminum negotiated) Metropolitan Group 6.55% (Group Market Share) Class A Class B Prevailing Labor Rate $49.00 $47.00 United Services Automobile Assn. Group 4.91% (Group Market Share) Class A Class B Prevailing Rate (does not exceed) $52.00 $50.00 (Also noted concession for Aluminum repairs) Mapfre Insurance Group 3.82% (Group Market Share) Class A Class B Prevailing Labor Rate $48.00 $47.00 Travelers Group 3.60% (Group Market Share) Class A Class B Prevailing Labor Rate $53.00 $50.00 (Also noted Aluminum negotiated) Selective Insurance Group 1.97% (Group Market Share) Class A Class B Prevailing Sheet Metal/Refinish Rate $50.00 $50.00 Prevailing Frame Rate $55.00 $55.00 Prevailing Mechanical Rate $80.00 $80.00 Aluminum $100.00 $100.00 Page 3 of 3 Main Street America Group 1.94% (Group Market Share) Class A Class B Prevailing Labor Rate $46.00 $46.00 Ohio Mutual Group 1.67% (Group Market Share) Class A Class B Prevailing Sheet Metal Rate $50.00 $50.00 Prevailing Frame Rate $54.00 $54.00 Prevailing Mechanical Rate $69.00 $69.00 Aluminum Rate $101.00 $101.00 (Also noted will continue to negotiate) Providence Mutual Fire Ins Co 1.18% (Co Market Share) Class A Class B Prevailing Labor Rate $48.00 $48.00 Aluminum Rate $85.00 $85.00 In accordance with Insurance Bulletin 2017-1, insurers and insurance groups writing motor vehicle liability insurance that are not listed above (determined by the Department to have less than 1% market share) may voluntarily conduct the survey and file a report electronically with the Department at dbr.specialreports@dbr.ri.gov by October 1, 2017. If no report is filed, the insurer must negotiate the labor rate(s). Questions regarding this Bulletin may be directed to dbr.specialreports@dbr.ri.gov. Elizabeth Kelleher Dwyer Superintendent of Insurance Issued - September 29, 2017 Amended – November 16, 2017