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 […]
I-CAR Plans Mixed Reality Repair Planning Series for Estimators
The Inter-Industry Conference on Auto Collision Repair (I-CAR) will launch a Mixed Reality Repair Planning Training Series for estimators and repair planners, with enrollment opening in early 2027 and completion required for Gold Class and Platinum recognition renewals beginning July 2027. The new series, designed for professionals pursuing ProLevel 2 recognition in the Estimator/Repair Planner […]
AASP/NJ Sets Sept. 15 for 19th Annual Lou Scoras Memorial Golf Outing
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) will hold its 19th annual Lou Scoras Memorial Golf Outing on Sept. 15 at Knob Hill Golf Club in Manalapan, N.J. A portion of proceeds from the outing supports a collision industry scholarship fund. The event honors the late Lou Scoras, a former shop owner […]
Collision Coverage Claims Were Down Over 11% in Fourth Quarter of 2025 Compared to the Previous Year
While the rate of decline ticked up slightly from the third quarter, it remained better than the first and second quarter results. Quarterly collision claim counts have been down versus the previous year for eleven consecutive quarters. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the […]
LKQ Reports Q1 Revenue of $3.5 Billion as North America Outperforms Repairable Claims Decline
Used car price gains, near-record alternative parts utilization and easing insurance premiums signal recovery. LKQ Corporation (NASDAQ: LKQ) reported first-quarter revenue of $3.47 billion, up 4.3% from the year-ago quarter, as foreign currency tailwinds and growth in its Specialty segment offset organic declines in North America and Europe. Total parts and services revenue increased 3.6%, […]
PPG Reports First Quarter Sales of $3.9 Billion
Refinish volumes down double digits on comparison to strong first half of 2025, but U.S. claims trends signal earlier recovery. PPG reported first-quarter 2026 net sales of $3.9 billion, up 7% year over year, and said the U.S. automotive refinish market is recovering faster than the company initially expected based on improving collision claims data […]
NHTSA Bans Chinese DTN Air Bag Inflators in First Vehicle Equipment Ban in Over Two Decades
The National Highway Traffic Safety Administration on April 29 finalized a ban on the sale and importation of frontal driver air bag inflators identified by the marking “DTN60DB” and tied to Jilin Province Detiannuo Safety Technology Co., Ltd. of China, the first vehicle equipment ban the agency has ordered in more than two decades. NHTSA […]
Allstate Auto Insurance Underwriting Income More Than Doubles to $1.7 Billion in First Quarter
Market share increased in the quarter year-over-year. The Allstate Corp.’s auto insurance business posted underwriting income of $1.73 billion in the first quarter of 2026, up from $816 million in the prior year quarter, as the recorded combined ratio improved 9.4 points to 81.9 and policies in force grew 2.6%. Premiums written were essentially flat […]
Rosanova Family Adds Edmonton Northgate Location to Fix Auto Canada Network
Fix Network Canada has added Fix Auto Edmonton Northgate to its collision repair network, the latest expansion for the Rosanova family’s multi-shop operation in the province of Alberta’s capital. Owner Mike Rosanova runs several Fix Auto locations in the Edmonton area along with a Speedy Auto Service shop specializing in mechanical repair. Mike’s brother, Max […]
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