Six insurers finalize filings through April. Louisiana Insurance Commissioner Tim Temple has finalized six private passenger auto insurance rate filings through the end of April, led by a 10.6% decrease from Southern Farm Bureau Casualty Insurance Company that will save 39,332 policyholders approximately $16 million in premiums. The Southern Farm Bureau cut, applied to the […]
Gee Automotive Acquires 15 Jim Click and Tuttle-Click Dealerships, Three Collision Centers
Gee Automotive Companies has completed its acquisition of 15 dealerships and three collision repair centers from the Jim Click Automotive Team in Southern Arizona and the Tuttle-Click Automotive Group in Southern California, the company announced May 6. The deal closed April 28 and includes nine Tucson-area stores from Jim Click and six Orange County stores […]
Kia Approves Hunter’s ADAS Alignment and Calibration System
Kia has approved Hunter Engineering’s Ultimate ADAS alignment and calibration system for use in its North American dealer and collision repair network, the company announced April 21. The approval makes Kia the eighth original equipment manufacturer to endorse the system and the first Korean automaker on Hunter’s approval list. For collision repairers and dealership service […]
Anthropic, Blackstone, Hellman & Friedman and Goldman Sachs Launch Enterprise AI Services Firm
Anthropic, Blackstone, Hellman & Friedman and Goldman Sachs said May 4 they have formed a new AI-native enterprise services firm that will work with companies to bring Anthropic’s Claude into core business operations. The standalone entity will have Anthropic engineering and partnership resources embedded directly within its team. The new firm is also backed by […]
AAA Study Finds Cold Weather Cuts EV Range 39%, Hybrid Fuel Economy 23%
Companion research shows consumer purchase sentiment migrates toward hybrid vehicles. Extreme temperatures sharply reduce the efficiency of electric vehicles and hybrids and drive up operating costs, with cold weather hitting both powertrains harder than heat, according to research released May 1 by AAA. AAA’s automotive engineering team, working with the Automobile Club of Southern California’s […]
Axalta Reports Sales of $1.25 Billion in First Quarter
Axalta Coating Systems Ltd. (NYSE: AXTA) reported first quarter net sales of $1.25 billion, down 1% year-over-year, as the global coatings company beat its own guidance on revenue, adjusted earnings and adjusted earnings per share while delivering record first quarter cash generation. The company posted net income of $91 million, down 8% from the prior […]
I-CAR Opens Call for 2026 Board of Directors Candidates
I-CAR is accepting applications for its 2026 Board of Directors election, with a June 2 deadline for candidates seeking one of four open seats, the organization announced May 1. The 2026 cycle is the first election conducted under bylaw amendments approved by I-CAR Regular Members in August 2025 that clarified eligibility rules for collision repair […]
California Volkswagen Dealers File State Protests Over Scout Motors Direct Sales
Fourteen California Volkswagen dealers have filed protests at the state’s New Motor Vehicle Board challenging Volkswagen and its Scout Motors subsidiary over plans to sell Scout vehicles directly to consumers, opening a second legal front against the automaker’s direct-to-consumer strategy. The California New Car Dealers Association announced the filings May 1. The protests allege Volkswagen […]
GEICO First-Quarter Underwriting Earnings Fall 34.8% as Claim Frequency Declines Reverse
Private passenger auto claim frequencies and severity climbed across all coverages in the first quarter, reversing recent favorable trends. GEICO’s pre-tax underwriting earnings fell to $1.416 billion in the first quarter of 2026, down $757 million, or 34.8%, from $2.173 billion in the first quarter of 2025, Berkshire Hathaway disclosed in its quarterly report filed […]
Caliber Names Jason Monaco Chief Financial Officer
Caliber, the parent of Caliber Collision and Caliber Auto Glass, has named Jason Monaco chief financial officer effective May 4, the company said. Monaco succeeds Tom Springfield, who has served as interim CFO since late February. The appointment fills a permanent finance role that has been vacant since former CFO Judd Nystrom resigned for personal […]
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