A friendly wager between the CARSTAR store owners in Chicago and St. Louis turned in a great benefit for the Hines Fisher House in Chicago when the Cubs beat the Cardinals in the playoffs. CARSTAR store owners from the CARSTAR Chicagoland Business Group gathered on Veterans Day to present the check to Hines Fisher House. […]
NAIC Elects 2016 Officers
Members of the National Association of Insurance Commissioners (NAIC) on November 22 elected its 2016 officers: President: Missouri Insurance Director John M. Huff President-Elect: Kentucky Insurance Commissioner Sharon P. Clark Vice President: Wisconsin Insurance Commissioner Ted Nickel Secretary-Treasurer: Tennessee Insurance Commissioner Julie Mix McPeak The newly elected officers will assume their duties on Jan. 1, […]
Collision Claims, Frequency and Losses Grow During 1st Half of 2015
Major auto physical damage indicators continue to see increases this year after strong performance in 2014. Losses on collision claims up 8.4 percent during the first half versus a year ago. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims and losses continued […]
GM MyPriceLink Going Live December 1
GM (NYSE:GM) Customer Care and Aftersales (CCA) announced its real-time collision repair parts list pricing initiative, MyPriceLink, will be going live on December 1st with integrations from major estimating platforms. As CollisionWeek reported earlier this year, GM worked with major estimating system suppliers to develop an integrated solution to improve workflow. GM announced last summer […]
Progressive Insurance Data Shows Spike in Thanksgiving Week Wrecks
As families prepare to hit the road this Thanksgiving week, new data from Progressive Insurance (NYSE:PGR) details potential accident risks from the day before Thanksgiving, known as Black Wednesday, through Cyber Monday. Progressive pulled claims data from the week of Thanksgiving, dating back to 2010. When compared to the data from the two weeks before […]
Copart Reports Lower Sales, Earnings in Fiscal 2016 First Quarter
Copart, Inc. (NASDAQ:CPRT) yesterday reported its financial results for the quarter ended October 31. For the three months ended October 31, 2015, revenue was $288.8 million, a decrease in revenue of $1.5 million, or 1.5 percent from the same quarter last year. Gross margin was $120.9 million, a decrease in gross margin of $1.4 million, […]
Axalta Becomes Mercedes-Benz Aftermarket Premium Partner in China
Axalta Coating Systems (NYSE:AXTA) has been certified as a “Premium Partner” by Mercedes-Benz aftermarket in China. Under the terms of the partnership designation, Axalta will provide its Spies Hecker Permahyd Hi-TEC waterborne coating products to Mercedes-Benz in China to support its collision repair business. Axalta also will provide color formulas to Mercedes-Benz dealer shops and […]
Chief Recognizes Leading Distributors
Seven Chief distributors from across North America were recognized for their sales performance at the company’s annual distributor meeting Nov. 2 in Las Vegas, Nev. Chief presented awards to its 2014 overall sales leaders, and also recognized distributors in several other categories. “Our extensive distribution network plays a significant role in Chief’s success,” says Bob […]
AAA Predicts an Increase in Road Trips for Thanksgiving Holiday
Nearly 42 million Americans will take a holiday road trip this Thanksgiving, an increase of 0.7 percent over last year. AAA Travel is forecasts 46.9 million Americans will journey 50 miles or more from home during the Thanksgiving holiday, a 0.6 percent increase over the 46.6 million people who traveled last year and the most […]
ABRA Expands in Missouri and Illinois
ABRA Auto Body & Glass expanded in both Missouri and Illinois with the opening of a new repair center in Maryland Heights, Mo. and the acquisition of West Loop Auto Body’s two collision repair facilities in Chicago, Illinois. The company now has 10 locations in Missouri and 42 in Illinois. With the announcements ABRA’s nationwide […]