Satisfaction Increases for Auto Insurance Claimants

Customers are more satisfied with the way their insurance companies handle the auto claims process in 2013, mainly due to improvements in explaining the first notice of loss (FNOL), which begins the claims process, and due to insurers providing faster settlement payments to claimants, according to the J.D. Power 2013 U.S. Auto Claims Satisfaction Study.

Overall satisfaction with claims settlement, which is one of six factors measured in the study, improves from last year by 3 points (on a 1,000-point scale) as insurance providers are paying claims faster--51% of claimants received their payment within eight days of the final notice of loss in 2013, up from 45% in 2012. In addition, satisfaction with the first notice of loss measure improves by 4 points from 2012 due to improvements in explaining both the policy coverage and the claims process to claimants, the study finds.