Top five insurance companies continue to reduce rates following recent 6.5% reduction across 78% of the auto insurance marketplace. Florida Insurance Commissioner Mike Yaworsky said the state’s auto insurance market continues to see rate reductions from major carriers, which he attributed to legal reforms enacted over the past two years. Yaworsky recently announced that the […]
BrightPoint Auto Body Repair Acquires Complete Auto Body
Focus Advisors announced that BrightPoint Auto Body Repair acquired Complete Auto Body & Repair in St. Louis.Mo. Focus Advisors advised Complete Auto Body & Repair on the sale. BrightPoint Auto Body Repair is a multi-shop operator with locations across the Midwest. The transaction follows Focus Advisors’ representation of the same ownership group in a separate […]
Sony Honda Mobility AFEELA Insurance Program to Offer Seamless Customer Experience Through Partner Network
Crash Champions is AFEELA partner for collision repair and maintenance services. Sony Honda Mobility of America Inc. (SHMA) announced its AFEELA Insurance provided by MOTER Technologies, Inc., a licensed insurance agency, will offer a seamless incident-to-claim experience for future AFEELA customers supported by its partner network. AFEELA Insurance partners/services include: Urgently: roadside assistance for vehicle […]
Copart Reports Modest Revenue Growth as Profit Margins Expand in Q1
Copart Inc. (NASDAQ: CPRT) reported first-quarter fiscal 2026 revenue of $1.16 billion, a 0.7 percent increase over the same period last year, as the vehicle auction and salvage marketplace operator saw stronger profit growth amid relatively flat sales. The Dallas-based company’s gross profit rose 4.9 percent to $537.0 million for the three months ended Oct. […]
New-Vehicle Sales Projected to Drop 4.8% in November Compared to Last Year
The EV tax credit expiration effects continue to suppress sales. New-vehicle retail sales are projected to decline 4.8% in November compared to a year ago, reaching 1,058,500 units, as the industry continues to feel the effects of electric vehicle purchase acceleration before federal tax credits expired Sept. 30, according to a forecast from J.D. Power […]
General Motors Insurance Expands to Wisconsin, Michigan
General Motors Insurance announced on its website that its auto insurance is now available in Wisconsin and Michigan, bringing the total number of states where the auto insurance product is offered to 20. The expansion continues the vehicle manufacturer’s steady geographic growth of its insurance operation. In August, General Motors Insurance added Florida to its […]
Georgia Approves 3% State Farm Auto Insurance Rate Reduction
Georgia insurance regulators announced yesterday they approved a 3% rate reduction for State Farm auto insurance customers, bringing total rate decreases for the insurer to more than 10% over the past year. The rate filing approved by Insurance and Safety Fire Commissioner John King will reduce premiums by an estimated $400 million annually for State […]
Auto Insurance Shopping Growth Slows but Remains Strong in Q3
As consumer seek new carriers, nearly one-third of rate filings in the third quarter were for lower premiums. Auto insurance shopping grew 6.4% year-over-year in the third quarter, marking a slowdown from earlier in 2025 but continuing a trend of elevated consumer activity, according to LexisNexis Risk Solutions’ quarterly Insurance Demand Meter. New policy growth […]
Pennsylvania Tow Truck Operator Ordered to Pay $379,000 Restitution for Insurance Fraud, Theft
Pittsburgh towing company owner pleaded guilty to insurance fraud, theft by deception. Prohibited from working in towing industry. Pennsylvania Attorney General Dave Sunday announced that the owner of a Pittsburgh-based Vince’s Towing has pleaded guilty to felony charges regarding tow costs inflated by charging “accident services” fees and other deceptive practices. An Allegheny County Court […]
TAG Calibrations Opens 8th ADAS Center in Clarksville, Indiana
TAG Calibrations, a licensee of Car ADAS Solutions, opened an advanced driver-assistance systems (ADAS) calibration center in Clarksville, Ind., its eighth location and second in the Louisville metro area. The facility serves collision repair facilities, glass shops and mechanical shops in Southern Indiana and Louisville. TAG Calibrations operates locations in Indianapolis, Lafayette and Merrillville, Ind.; […]
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