Company says collision network outperforms a soft repair industry by about 200 basis points while Maaco stays under pressure. Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA and paint franchise Maaco, on Aug. 6 reported second quarter revenue increased 6.8% to $507.4 million, with […]
Illinois Governor Signs Auto Insurance Rate Review Law Over Insurance Industry Objections
Three trade associations warn of higher premiums and fewer coverage options as new law takes effect July 1, 2027. Illinois Gov. JB Pritzker signed legislation Aug. 4 giving the Illinois Department of Insurance authority to challenge automobile insurance rate filings it determines are excessive, inadequate or unfairly discriminatory, drawing a joint statement of opposition from […]
Assurity Certified Solutions Schedules AI-Focused Certified Collision Conference
Nashville event will be held September 30-October 2. Assurity Certified Solutions will hold its 2026 Certified Collision Conference Sept. 30 through Oct. 2 at the Gaylord Opryland Resort in Nashville, Tenn., a three-day program for OEM-certified collision repair facilities built around artificial intelligence. The conference is built around the premise that artificial intelligence is already […]
ASE Connects, Snap-on Launch Back-to-School Giveaway for Instructors
ASE Connects and Snap-on will award tool prizes and gift cards to four schools this fall, with entries due Oct. 2. Three schools will receive $250 Snap-on gift cards, and a grand prize winner will receive a Snap-on cart and tool set valued at more than $11,000. The giveaway is open to high school and […]
California Autobody Association Glendale Foothill Chapter Plans Aug. 25 Meeting on Appraisal Clause
Mandatory RSVP deadline Aug. 11. The California Autobody Association’s Glendale Foothill chapter will hold a dinner meeting Aug. 25 at The Odyssey in Granada Hills focused on the appraisal clause and what collision repair facilities can do when they disagree with an insurer’s estimate. The session will feature automobile and insurance attorney Bryan M. Thomas, […]
CSN Collision Adds Scarborough, Ontario Collision Repair Facility to Canada Network
CSN Collision has added CSN Advantage, a collision repair facility in Scarborough, Ontario, Canada, to its network. The shop is owned and operated by Omar Siddiqui and has served the Scarborough market since 2016. Siddiqui began his career in his family’s paint supply distribution business, where he worked with automotive products, repair processes and business […]
Progressive Says It Has Become the Largest U.S. Personal Auto Writer
The company says it captured roughly 75% of industry premium growth in 2025 and is now cutting rates across states representing 63% of its premium base as claim frequency declines. The Progressive Corporation (NYSE: PGR) has become the largest writer of U.S. personal auto insurance measured by trailing 12-month direct premiums written, Personal Lines President […]
AkzoNobel and Axalta Shareholders Approve $25 Billion Merger of Equals
Shareholders of Akzo Nobel N.V. and Axalta Coating Systems Ltd. voted today to approve the companies’ roughly $25 billion all-stock merger of equals, clearing the last shareholder condition on a transaction that would create the world’s No. 2 coatings company. The combination would unite two of the largest suppliers of automotive refinish coatings to the […]
Driven Brands Board Rejects ADW Capital’s $18 Per Share Buyout Proposal
The board of Driven Brands Holdings Inc. (NASDAQ: DRVN) unanimously rejected an unsolicited $18 per share cash proposal from activist investor ADW Capital Management LLC, the company announced Aug. 3, calling the offer highly conditional and short of the company’s value. Driven Brands is the parent of collision repair networks CARSTAR, Abra and Fix Auto […]
State Farm Begins Issuing $5 Billion Policyholder Dividend
State Farm Mutual Automobile Insurance Company has begun issuing payments on its one-time $5 billion cash dividend to qualifying auto customers, the largest policyholder distribution in the insurer’s history. Millions of customers have already received individual payments. The dividend covers more than 49 million insured vehicles and is being distributed in waves. Each payment is […]