May production rose above April on an increase in hours worked but remained down from a year ago. Weekly wages for production employees reached a new record while wages for all employees slipped from April’s record levels. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS) […]
Private Passenger Auto Drives Louisiana’s First Broad Rate Relief, Triple-I Says
Trade group points to litigation and glass-claim fraud as the cost drivers still to be addressed. A new state law folds ADAS calibration disclosures and an assignment-of-benefits ban into Louisiana’s unfair trade practices statute. Private passenger auto insurance produced the sharpest turnaround in a Louisiana property/casualty market that posted its first broad rate relief of […]
Plymouth Rock Names New Claims and Data Chiefs
Plymouth Rock Assurance appointed three executives to senior roles, including a new chief claims officer for its Independent Agency Group, the Boston-based insurer announced July 13. Cornelius Young was named vice president and chief claims officer of the Independent Agency Group. Gavin McPhail was named vice president and chief data officer, and Lindsay Mustard was […]
Nebraska Shop Owner Named 2026 Auto Value and Bumper to Bumper Technician of the Year
Auto Value and Bumper to Bumper have named Matt Wagg of Bennington, Nebraska, the 2026 Technician of the Year Champion, capping a finalist competition held in Detroit in July. Wagg was one of 13 finalists drawn from the United States and Canada. The competition, sponsored by DRiV and Garage Gurus, paired a customized Automotive Service […]
California Proposes Airbag Safety Rule
Bureau of Automotive Repair proposal would restrict parts sourcing and require return to OEM operating conditions. The California Bureau of Automotive Repair (BAR) has proposed expanding its airbag safety regulation to bar the state’s roughly 35,000 licensed automotive repair dealers from handling previously deployed, faulty or counterfeit airbags and to require that replacement airbag parts […]
AkzoNobel Rebuffs Nippon Paint Offers for Decorative Paints Business Ahead of Axalta Merger Votes
Akzo Nobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) confirmed July 13 it has received multiple conditional and non-binding proposals from Nippon Paint Holdings Co. to acquire its Decorative Paints business at an indicative enterprise valuation of €7.5 billion ($8.55 billion), saying its merger agreement with Axalta Coating Systems Ltd. bars the company from engaging with the […]
Collision Partners Acquires K&M Collision
Names Michael Bradshaw operations chief. Collision Partners has acquired K&M Collision of Hickory, N.C., and named the company’s vice president, Michael Bradshaw, executive vice president of collision operations and a member of its board of directors. The Raleigh, N.C.-based platform said the Bradshaw family will become significant shareholders in Collision Partners as part of an […]
U.S. Property/Casualty Industry Posts $84 Billion in Underwriting Gains Across Two Years
Private passenger auto held a combined ratio well below 100 for a second straight year, while commercial auto liability absorbed another $2.0 billion in reserve deficiencies. The U.S. property/casualty insurance industry generated $84 billion in underwriting gains across the past two full calendar years, its strongest showing in a decade and a reversal of the […]
New Light-Vehicle Sales Post Second Straight Year-Over-Year Gain in June
The June sales pace extended the recovery that began in May, though the first-half total stayed below a 2025 stretch inflated by pre-tariff buying. New light-vehicle sales reached a seasonally adjusted annual rate (SAAR) of 16.52 million units in June 2026, up 4.4% from June 2025, according to the latest National Automobile Dealers Association (NADA) […]
Mile Auto Acquires The Insurance House, Expanding Southeast MGA Operations
Mile Auto Inc., the Atlanta-based managing general agent (MGA) that provides pay-per-mile Porsche Auto Insurance, has acquired fellow Atlanta MGA The Insurance House Inc. in a transaction effective July 1 that combines the two firms into an operation with nearly $100 million in annual premium. The combined business serves more than 55,000 policyholders and works […]
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