Fitch Ratings says publicly-traded auto insurers continue to report underwriting losses even with higher rates. According to a report by Fitch Ratings, most publicly-traded U.S. personal auto insurers continued to report underwriting losses in the first half of 2023 despite sharper improvement in premium rates. The first half of 2023 was marked by continued unfavorable […]
Classic Collision Acquires Repair Center in Washington State
The multiple collision repair shop operator now has 226 locations in 15 states. Classic Collision, LLC, the Atlanta-Ga.-based multi-site collision repair operator announced it closed the acquisition of a new collision repair center in Kirkland, Wash. For more than 60 years, Lakeside Collision Kirkland has been a valuable pillar in the local community. “Our motto […]
Lift Auto Group Acquires CSN Automacs
Lift Auto Group has acquired CSN Automacs, in Oakville, Ontario, Canada. CSN Automacs has been serving Oakville for over four and a half decades. “I wish them all the success in the world,” previous owner Steve Ingoglia says. “The shop has a lot to offer and a good clientele. I’m happy Lift is keeping the […]
CalPro ADAS Solutions and Collabtic Announce Integration Agreement
CalPro ADAS Solutions, LLC and Fieldpulse, LLC have announced an integration agreement that will allow CalPro’s ADAS IdentiScan product to run on the Collabtic Software Platform. CalPro’s Patented ADAS IdentiScan technology is used in the ADAS identification and calibration market for the collision repair industry. Collabtic is a highly configurable collaboration platform which empowers organizations […]
U.S. Auto Body Repair Prices Up Over 5% in July Compared to Last Year
Prices were also up on a month-over-month basis. The most recent government figures on inflation through July show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 25th month in a row, but the year-over-year (YoY) rate of increase continues to decline compared to […]
Next Collision Repair Industry Supply Chain Disruption Could be Less than Month Away as UAW/Detroit Vehicle Manufacturers Contract Deadline Looms
Contract talks are continuing between the United Auto Workers (UAW) and the Detroit, Mich.-based vehicle manufacturers- GM, Ford and Stellantis. The current UAW contract expires in less than one month on Sept. 14 at 11:59 p.m. In a statement, President Biden called on the UAW and vehicle manufacturers to come together to reach an agreement. […]
Stellantis to Sell Remanufactured Headlights and Taillights in North America in Support of Sustainability Goals
Will also establish ecommerce “reuse” channel in the U.S. by the end of 2023. During a keynote speech at the Motor & Equipment Manufacturers Association (MEMA) Sustainability Summit on August 15 in Troy, Mich., Alison Jones, senior vice president, global circular economy for Stellantis, outlined how the circular economy plays a key role in the organization’s […]
Penn College Receives Grant for Prison-to-College Program
Pennsylvania College of Technology, located in Williamsport, Pa., has received an $18,750 grant to support its Lycoming County Prison-to-College Program. The initiative aims to break down initial barriers to education and help individuals on a path to bettering themselves and their communities. The grant is from the Lycoming Economic Development Foundation Fund IMO Joseph L. […]
Tim Temple Wins Louisiana Insurance Commissioner Seat After Opponent Withdraws from Race
Tim Temple will be the next insurance commissioner for Louisiana. The only other candidate in the race, R.D. “Rich” Weaver, is officially listed as withdrawn on the Louisiana Secretary of State website. In a statement on August 16, Temple said, “As of today, I am honored and humbled to announce that I am officially the […]
Interview: Gene Lopez, ASA Collision Division Operations Committee Chair
Lopez discusses the work of the Automotive Service Association’s Collision Division, including its recent position statement on accounting for OEM procedures on estimates. In July, the Automotive Service Association (ASA) Board of Directors announced a new position policy statement covering the need to research OEM repair procedures in collision repair estimates. In our video interview […]
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