Late-month strength reverses a flat midmonth reading Wholesale used-vehicle prices strengthened in the closing weeks of August, leaving the Manheim Used Vehicle Value Index (MUVVI) at 208.2 on a mix-, mileage- and seasonally adjusted basis, Cox Automotive reported Sept. 8. The index finished 0.9% below July and 0.4% above August 2025. The full-month reading reverses […]
ASA Details NACE/CARS Session Lineup for Sept. 29 San Antonio Event
The Automotive Service Association has named the speakers and session topics for its rebooted NACE/CARS event that will be held Sept. 29 at the Hilton Palacio del Rio in San Antonio, Texas, filling in a program built around eight interactive roundtable and small-group sessions rather than classroom presentations. The subject matter tracks the operational pressures […]
U.S. Property/Casualty Industry Nearly Triples Underwriting Income to $31.2 Billion in First Half
The U.S. property/casualty industry recorded $31.2 billion in net underwriting income in the first half of 2026, nearly three times the $10.9 billion posted in the same prior-year period, according to a new AM Best report. The industry’s combined ratio improved four points to 92.5. A combined ratio below 100 indicates an underwriting profit. Incurred […]
California Bureau of Automotive Repair Suspends Third Los Angeles Repair Dealer Over Fraudulent Safety Inspections on Rebuilt Total Loss Vehicles
A California administrative law judge has suspended the license of Los Angeles-based automotive repair dealer Industry Smog after a Bureau of Automotive Repair investigation found the business performed fraudulent vehicle safety systems inspections and issued 15 certificates of compliance without performing the required inspections. The certificates at issue are the documents that clear rebuilt total […]
Root and Carvana Extend Embedded Insurance Agreement Through 2028
Root Inc. (NASDAQ: ROOT) has extended its exclusive embedded insurance partnership with online used-vehicle retailer Carvana Co. (NYSE: CVNA) to at least August 2028, the companies announced Sept. 1. The program has sold more than 200,000 policies since launching in 2022. The product, Carvana Insurance Built with Root, places an auto insurance quote inside Carvana’s […]
Triple-I Affordability Index Puts Personal Auto Insurance at 1.7% of Median Household Income
Interactive website provides state level view of insurance costs and market conditions. The Insurance Information Institute (Triple-I) launched an interactive Insurance Affordability Index Sept. 2 that measures personal auto and homeowners insurance costs against median household income in every state, with data running through 2025. Nationally, the index puts personal auto insurance at 1.7% of […]
Classic Collision CEO Anderson Named Master of Ceremonies for November 2 MSO Symposium
Brad Anderson, chief executive officer of Classic Collision, will serve as master of ceremonies at the 15th annual MSO Symposium on Nov. 2 in Las Vegas. The Automotive Service Association hosts the one-day conference, which takes place ahead of the SEMA and AAPEX trade shows. Anderson took the top job at Classic Collision on June […]
Pennsylvania Attorney General Files Contempt Petition Against Philadelphia Towing Companies
Pennsylvania Attorney General Dave Sunday announced Sept. 3 that his office’s Bureau of Consumer Protection has filed a contempt petition against a group of Philadelphia towing companies, alleging they breached a 2022 court order by continuing to tow vehicles from areas that were not clearly marked and to charge excessive fees. The petition seeks monetary […]
Lemonade Launches Both Car and Autonomous Car Insurance in Missouri
Lemonade Inc. (NYSE: LMND) said Sept. 2 that it has launched its Lemonade Car auto insurance product in Missouri and, on the same day, its Autonomous Car product, which gives Tesla owners in the state 50% off every mile driven using Full Self-Driving (Supervised). “Missouri drivers are getting Lemonade Car and Lemonade Autonomous Car at […]
Florida Policyholders Paid Nearly $3 Billion Less in 2025, APCIA-Commissioned Study Finds
Florida homeowners and personal auto policyholders paid nearly $3 billion less for coverage in 2025 than they did a year earlier, according to an actuarial study commissioned by the American Property Casualty Insurance Association (APCIA) released Sept. 2 that credits the state’s 2022 and 2023 legal system reforms for the decline. The sharpest reductions the […]
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