HLDI data shows sensor-equipped vehicles carry higher claim severity but sharply lower claim frequency, producing lower overall losses. Crash avoidance systems raise the cost of the repairs they fail to prevent while reducing what insurers pay out overall, according to a commentary published Aug. 11 by Matt Moore, chief insurance operations officer at the Insurance […]
Auto Insurance Rates Rose in 27 States in the First Half of 2026
Insurify projects 32 states will post increases by year’s end, with Connecticut facing the steepest. Full-coverage car insurance rates rose in 27 states during the first six months of 2026, reversing a 6% national decline the year before, according to Insurify Inc.’s 2026 Mid-Year Auto Report released Aug. 11. The online insurance comparison platform projects […]
Collision Repair Education Foundation Adds PPG’s Amanda Valmonte to Board of Trustees
The Collision Repair Education Foundation (CREF) has appointed Amanda Valmonte, business development manager for PPG Automotive Refinish, to its Board of Trustees. CREF is the collision industry’s primary philanthropic channel to high school and college repair training programs, and its scholarships, grants and in-kind donation programs supply much of the entry-level technician pipeline that collision […]
NHTSA Offers $20 Million in Grants for Traffic Safety Enforcement Projects
The National Highway Traffic Safety Administration is making $20 million available to fund enforcement programs targeting impaired driving, distracted driving, speeding, reckless driving and seat belt use, the agency announced Aug. 3. The Innovative Traffic Safety Enforcement grant program will fund projects that develop, test and validate enforcement methods that state and local agencies can […]
Manheim Used Vehicle Value Index Down 1.4% in July
Prices remain above year-ago levels Wholesale used-vehicle prices declined in July, pulling the Manheim Used Vehicle Value Index down to 210 on a mix-, mileage- and seasonally adjusted basis, Cox Automotive reported Aug. 7. The index finished 1.4% below June and 1.3% above July 2025, a year-over-year gain that narrowed from 2.1% a month earlier. […]
GEICO Second-Quarter Underwriting Earnings Fall 45.4% as Claim Frequency Increases Accelerate
Property damage and collision claim frequencies rose in the 3% to 5% range through the first six months of 2026, widening the reversal that began in the first quarter. GEICO’s pre-tax underwriting earnings fell to $994 million in the second quarter of 2026, down $827 million, or 45.4%, from $1.821 billion in the second quarter […]
AASP/NJ Sets Two Free August Webinars on Business Transition, TPMS and Alignment
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) will hold two free webinars for members in August: an Aug. 19 session on business transition and succession planning and an Aug. 26 session on turning tire pressure monitoring and wheel alignment work into recurring revenue. The pair carries AASP/NJ’s mechanical-side education into the summer, […]
Mountain Lions Reduce Deer-Vehicle Collisions by Up to 76%
Puma presence on Washington’s Olympic Peninsula was associated with a 76% reduction in the expected number of deer-vehicle collisions over a five-year period, according to research published Aug. 5 in the Cell Press journal Current Biology. Researchers led by Justin Suraci of Conservation Science Partners analyzed detections from 503 camera trap sites and GPS collar […]
New Light-Vehicle Sales Slip 1.4% in July, Ending Two-Month Run of Gains
The 16.33 million-unit selling pace fell short of projections, though NADA left its full-year outlook at 16.0 million units. New light-vehicle sales reached a seasonally adjusted annual rate (SAAR) of 16.33 million units in July 2026, down 1.4% from July 2025, according to the latest National Automobile Dealers Association (NADA) Market Beat report authored by […]
GEICO Files Two More Florida Auto Rate Decreases Covering 1.3 Million Drivers
GEICO has filed two additional auto insurance rate decreases in Florida that will lower premiums for more than 1.3 million customers in the state, the insurer said Aug. 6. The filings give GEICO three Florida rate reductions in the past year. The company said it has cut annual premiums for Florida drivers by more than […]
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