Akzo Nobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) confirmed July 13 it has received multiple conditional and non-binding proposals from Nippon Paint Holdings Co. to acquire its Decorative Paints business at an indicative enterprise valuation of €7.5 billion ($8.55 billion), saying its merger agreement with Axalta Coating Systems Ltd. bars the company from engaging with the […]
Collision Partners Acquires K&M Collision
Names Michael Bradshaw operations chief. Collision Partners has acquired K&M Collision of Hickory, N.C., and named the company’s vice president, Michael Bradshaw, executive vice president of collision operations and a member of its board of directors. The Raleigh, N.C.-based platform said the Bradshaw family will become significant shareholders in Collision Partners as part of an […]
U.S. Property/Casualty Industry Posts $84 Billion in Underwriting Gains Across Two Years
Private passenger auto held a combined ratio well below 100 for a second straight year, while commercial auto liability absorbed another $2.0 billion in reserve deficiencies. The U.S. property/casualty insurance industry generated $84 billion in underwriting gains across the past two full calendar years, its strongest showing in a decade and a reversal of the […]
New Light-Vehicle Sales Post Second Straight Year-Over-Year Gain in June
The June sales pace extended the recovery that began in May, though the first-half total stayed below a 2025 stretch inflated by pre-tariff buying. New light-vehicle sales reached a seasonally adjusted annual rate (SAAR) of 16.52 million units in June 2026, up 4.4% from June 2025, according to the latest National Automobile Dealers Association (NADA) […]
Mile Auto Acquires The Insurance House, Expanding Southeast MGA Operations
Mile Auto Inc., the Atlanta-based managing general agent (MGA) that provides pay-per-mile Porsche Auto Insurance, has acquired fellow Atlanta MGA The Insurance House Inc. in a transaction effective July 1 that combines the two firms into an operation with nearly $100 million in annual premium. The combined business serves more than 55,000 policyholders and works […]
CCC Intelligent Solutions Reportedly Exploring Sale
CCC Intelligent Solutions (NASDAQ: CCC) is reportedly exploring a sale of the business and has hired Morgan Stanley to advise on the process. According to a report July 9 by Reuters, the company has reached out to prospective buyers, including private equity firms. CCC has explored strategic options before. In 2023, CollisionWeek reported on a […]
McCarthy Family Named UAF Lifetime Trustee, Establishes Memorial Scholarship
The family of MEMA president and CEO Paul McCarthy will fund a scholarship honoring two grandfathers who spent their careers in automotive repair. The McCarthy family has become a Lifetime Trustee of the University of the Aftermarket Foundation and established a scholarship in memory of two grandfathers who built their careers in automotive repair. Paul […]
Copart Promotes Jane Pocock to President
The company said Pocock, who has led its U.K. and Ireland business since 2019, will take the role Aug. 1 as Jay Adair returns as chief executive. Copart Inc. has promoted Jane Pocock to president, effective Aug. 1, elevating the executive who has run its U.K. and Ireland operations to a role overseeing the salvage-auction […]
Manheim Used Vehicle Value Index Ends First Half Above Year-Ago Levels as Market Normalizes
Wholesale values closed the first half of 2026 above year-ago levels as the market eased from its March peak, while used electric-vehicle prices extended their lead over the broader market. Wholesale used-vehicle prices finished the first half of 2026 above year-ago levels, with the Manheim Used Vehicle Value Index rising 2.1% from June 2025 even […]
Rhode Island Bills Raising Total Loss Threshold to 85% Become Law Without Governor’s Signature
Companion measures amending the state’s Unfair Claims Settlement Practices Act took effect June 26, the second consecutive year Rhode Island has lifted its total-loss ceiling. Rhode Island has raised the threshold at which an insurer may declare a damaged vehicle a total loss to 85% of its pre-accident fair market value, up from the 80% […]