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NCOIL Supports Effort to Inspire Young Professionals to Choose a Career in Insurance

February 12, 2024 By CollisionWeek Editor

As February marks the eighth annual Insurance Careers Month, the National Council of Insurance Legislators (NCOIL) is proud to join the Insurance Careers Movement (ICM) in highlighting the many important and fulfilling career opportunities the insurance industry has to offer. The ICM is a global network of more than 1,000 insurance carriers, agents, trade associations, […]

Filed Under: News Tagged With: National Council of Insurance Legislators, Workforce Development

Vehicle Dependability Rate of Deterioration Increases

February 9, 2024 By CollisionWeek Editor

J.D. Power study finds consumers increasingly report annoyance with driver assistance systems, problems with electric vehicles and infotainment features. Vehicle owners are experiencing lower levels of vehicle dependability after three years of ownership, according to the J.D. Power 2024 U.S. Vehicle Dependability Study (VDS). The high number of problems owners encounter indicates a decline in […]

Filed Under: News Tagged With: J.D. Power, Vehicle Dependability

Car ADAS Solutions Announces New Location in Florida

February 9, 2024 By CollisionWeek Editor

Car ADAS Solutions announced the addition of ADAS Calibrations of Florida. Owned by Bea Bruno, the company recently opened a location in Rivera Beach, Fla., on November 5, 2023 and a second facility is being constructed in Kissimmee. The company’s territory extends from Orlando to North Fort Lauderdale. Plans include opening four additional locations by […]

Filed Under: News Tagged With: Car ADAS Solutions, Florida, Network Affiliations

Canadian Collision Industry Forum Appoints New Steering Committee Members

February 9, 2024 By CollisionWeek Editor

The Canadian Collision Industry Forum (CCIF) announced the newest members to its Steering Committee. The Steering Committee is responsible for guiding priority areas to ensure that CCIF events continue to be a success. With the goal of representing the collision industry as a whole, members of the committee are chosen from different sectors and serve […]

Filed Under: News Tagged With: Canadian Collision Industry Forum, People

Simon Zhang Named Chief Data Analytics Officer at Mercury Insurance

February 9, 2024 By CollisionWeek Editor

Mercury Insurance (NYSE: MCY), a leading provider of property and casualty insurance, has appointed Simon Zhang to the newly-created position of Chief Data and Analytics Officer. The hire continues Mercury’s ongoing effort to utilize advanced data analytics to drive business growth, elevate the carrier’s product offerings, and better meet the needs of its policyholders. “This […]

Filed Under: News Tagged With: Mercury Insurance, People

Collision Claims and Losses in Third Quarter Down Compared to 2022

February 8, 2024 By CollisionWeek Editor

Quarterly claims were down for the second quarter in a row. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the post-pandemic rebound in claims is over as claims on a quarterly basis were down for two consecutive quarters compared to the previous year. Losses were also […]

Filed Under: Research Tagged With: Claim Frequency, Claim Severity, Claims, Losses

Axalta Reports Net Sales Up 6.1% in 2023

February 8, 2024 By CollisionWeek Editor

Fourth quarter net sales up 4.9%. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its fourth quarter net sales increased 4.9% year-over-year to $1.3 billion. The increase in net sales was driven by a 2.3% foreign exchange benefit, 1.7% improvement in volumes, and 0.9% price-mix growth. Net income increased 68% year-over-year to $74 million versus $44 million […]

Filed Under: News Tagged With: Axalta Coating Systems, Earnings

PPG Launches AdjustRite Repair Management Tool for Commercial Body Shops

February 8, 2024 By CollisionWeek Editor

PPG (NYSE: PPG) today announced the launch of the PPG AdjustRite Repair Management tool, the latest feature of the PPG AdjustRite commercial estimating system, which provides enhanced productivity for commercial vehicle repairs. The mobile-friendly PPG AdjustRite Repair Management platform offers technicians a time clock system and automated tracking of work hours per repair order. Shop […]

Filed Under: News Tagged With: Estimating Systems, Heavy Duty Trucks, PPG

CIECA Announces 2024 Board of Trustees Officers

February 8, 2024 By CollisionWeek Editor

During the Collision Industry Electronic Commerce (CIECA) Board of Trustees meeting in Palm Springs, CA, on January 18, the organization’s Board of Trustees named the following officers for 2024: Chair: Ashley Denison, Chief Information Officer, Caliber Collision Vice Chair: Brady Bonner, Vice President of Client Sales and Support, Safelite Solutions Treasurer: Kim DeVallance Caron, Business […]

Filed Under: News Tagged With: Caliber, California Casualty, Collision Industry Electronic Commerce Association, Enterprise Mobility, OEConnection, People, Safelite

Vince Edivan Appointed Next Executive Director at Automotive Recyclers Association

February 8, 2024 By CollisionWeek Editor

The Automotive Recyclers Association (ARA) announced that on January 30 its Board of Directors unanimously approved a plan presented by the ARA Succession Committee for the transition of Executive Director responsibilities from current Executive Director Sandy Blalock to Vince Edivan, ARA’s Director of Member Relations. The leadership transition will occur over the next nine months, […]

Filed Under: News Tagged With: Automotive Recyclers Association, People

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