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GEICO Reports Collision Claims Severity 5-7% Higher in First Nine Months of 2023 Compared to Last Year

November 6, 2023 By CollisionWeek Editor

Frequency was down, but severity up year-to-date through third quarter. Policies in force down over 12% as company reduces advertising and focuses on profitability. Berkshire Hathaway reported its third quarter earnings, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S. on November 4. GEICO’s pre-tax underwriting earnings in […]

Filed Under: News Tagged With: Berkshire Hathaway, Claim Frequency, Claim Severity, Earnings, GEICO, Policies in Force

Quality Collision Group Acquires Three Collision Repair Centers in North Carolina

November 6, 2023 By CollisionWeek Editor

Quality Collision Group announced the acquisition of three North Carolina Relentless Collision locations. Quality Collision Group (QCG) strategic focus is centered on building the nation’s largest, most trusted OEM-certified collision repair organization through an acquisition strategy that maintains the high standards and quality of service at the collision repair facilities it acquires. Todd McGowan launched […]

Filed Under: News Tagged With: Acquisitions, North Carolina, Quality Collision Group

Repairify and Claim Genius Announce Strategic Partnership

November 6, 2023 By CollisionWeek Editor

Claim Genius and Repairify announced a new partnership where Claim Genius’ AI photo estimating will be integrated with Repairify’s diagnostic scanning and AI-generated collision repair recommendations. This will provide shops with a holistic AI-driven estimating and repair planning process that automatically assesses external damage and required internal repairs. Tasks that could take several hours can […]

Filed Under: News Tagged With: Agreements Signed, Claim Genius, Repairify

ABPA and MEMA Aftermarket Suppliers Applaud U.S. House REPAIR Act Passage

November 6, 2023 By CollisionWeek Editor

The Automotive Body Parts Association (ABPA) and MEMA Aftermarket Suppliers, a membership group of MEMA, The Vehicle Suppliers Association, both applauded the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce passage on November 2 of H.R. 906, the Right to Equitable and Professional Auto Industry Repair (REPAIR) Act, out of the subcommittee. “It […]

Filed Under: News Tagged With: Automotive Body Parts Association, legislation, Motor & Equipment Manufacturers Association, Right to Repair, U.S. House of Representatives

Seven Las Vegas Area Veterans Received a Refurbished Vehicle at SEMA During National Auto Body Council Recycled Rides Presentation

November 6, 2023 By CollisionWeek Editor

On Wednesday, November 1, seven deserving Las Vegas area veterans, individuals and families received a vehicle to provide them independence and the ability to work and take care of their families – thanks to the National Auto Body Council Recycled Rides program members GEICO, Travelers, Farmers Insurance,  Nationwide, Hertz and Enterprise Rent-A-Car and repair partners Caliber […]

Filed Under: News Tagged With: National Auto Body Council, Recycled Rides, SEMA Show

U.S. House Subcommittee Passes Federal Automotive Right to Repair Act

November 3, 2023 By CollisionWeek Editor

The bill now goes before the full House Committee on Energy and Commerce. The U.S. House Subcommittee on Innovation, Data, and Commerce yesterday approved the Right to Equitable and Professional Auto Industry Repair (REPAIR) Act (H.R. 906) by voice vote during a subcommittee markup session. The legislation will now go before the full House Committee […]

Filed Under: Feature Tagged With: Alliance for Automotive Innovation, Auto Care Association, Automotive Service Association, CAR Coalition, legislation, Right to Repair, Society of Collision Repair Specialists, U.S. House of Representatives

Safelite Group Acquires Auto Glass Location in Santa Cruz, California

November 3, 2023 By CollisionWeek Editor

Safelite Group, the owner of Safelite AutoGlass, announced the acquisition Absolute Auto Glass, Inc. that operates in Santa Cruz, Calif. The transaction was completed on Tuesday, October 31. “All of us at Safelite are thrilled to serve the people of Santa Cruz,” said Safelite’s President and CEO, Renee Cacchillo. “The addition of a respected business […]

Filed Under: News Tagged With: Acquisitions, California, Safelite

Fix Network Expands in Saudia Arabia

November 3, 2023 By CollisionWeek Editor

The Fix Network along with its strategic partner, Gulf Motor Company (GMC), a part of United Motors Group (UMG), detailed its growth the Kingdom of Saudi Arabia (KSA) since launching earlier this year. The partnership was announced last year. The Fix Network now has 17 Fix Auto Collision and Fix Auto Service brand locations since […]

Filed Under: News Tagged With: Fix Network World, Openings, Saudi Arabia

I-CAR Announces Recipients of Jeff Silver and Russ Verona Memorial Awards

November 3, 2023 By CollisionWeek Editor

The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the recipients of its annual Jeff Silver and Russ Verona I-CAR Awards that recognize one individual and one collision repair facility for advancing technical education and professionalism in the collision repair industry. The Awards were presented in Las Vegas during SEMA at the Collision Industry Red […]

Filed Under: News Tagged With: Awards, I-CAR, Jeff Silver Memorial Award, Russ Verona Memorial Award

AkzoNobel Create First Bio-Based Interior Coating for KIA Motors

November 3, 2023 By CollisionWeek Editor

KIA Motors is using bio-based paint supplied by AkzoNobel for the inside of its new EV9 electric SUV. It’s the first time the vehicle manufacturer has specified an interior bio-based coating. Two kinds of bio-rosin, a solid form of resin, have been used to create the product, one extracted from rapeseed, the other from pine […]

Filed Under: News Tagged With: AkzoNobel, Kia

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