Acting Pennsylvania Insurance Commissioner Michael Humphreys yesterday released a market conduct examination report of First Acceptance Insurance Company that resulted in a $105,000 penalty. The examination found that agents for the company were misleading consumers and adding on optional third-party coverages without the consumer’s knowledge or full understanding. According to the market conduct report, two-thirds […]
Chief Automotive Donates $75,000 Worth of Tools and Subscriptions to Collision Repair Schools Through CREF
Chief Automotive donated $75,000 worth of rivet guns and subscriptions through the Collision Repair Education Foundation (CREF) to benefit collision repair educational programs around the country “Chief has been a supporter of schools all over the world for over 50 years. It has always been a core part of our business to support our future […]
IIHS Says Small Overlap Front Crash Rating Program Saving Lives
Driving a vehicle that earns a good rating in the Insurance Institute for Highway Safety (IIHS) driver-side small overlap front crash test reduces your risk of dying in a real-world crash, a new IIHS study shows. A driver in a good-rated vehicle is 12 percent less likely than a driver in a poor-rated one to […]
NAMIC Joins U.S. DOT’s Call to Action on Auto Safety
The National Association of Mutual Insurance Companies announced that it is answering the Department of Transportation’s Call to Action to make the nation’s roadways safer and reduce roadway fatalities. “Mutual insurance companies have been at the forefront of the fight for auto safety for decades, from requiring seat belts to pressing for greater safety in […]
Berkshire Hathaway Reports GEICO Collision Claims Severity 14-16% Higher in 2022 Compared to Previous Year
Collision claim frequency was also up last year as company reports auto insurance underwriting loss. Berkshire Hathaway reported its 2022 earnings, including details about its GEICO subsidiary, the second largest private passenger auto insurer in the U.S. on February 25. The company reported claims frequencies in 2022 were higher for all coverages, including property damage […]
Autel and Repairify Announce Exclusive North American Agreement for Remote Diagnostics, Calibrations and Services
Repairify, Inc. and Autel U.S., a wholly-owned subsidiary of Autel Intelligent Technology Corp., Ltd. today announced an exclusive long-term collaboration agreement for the delivery of Repairify’s patented global OEM remote solutions for diagnostics, calibrations, and programming through Autel’s remote capable products across North America. As part of the agreement, Repairify will integrate its leading patented […]
Safelite Autoglass to Pay $45,000 to Settle EEOC Sex Discrimination Lawsuit
Safelite AutoGlass agreed to pay $45,000 to settle a sex-based discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced yesterday. According to the EEOC’s lawsuit that was filed in September 2022, a woman applied for an auto glass technician trainee position at a Safelite AutoGlass location in Austin, Texas. […]
Collision Repair Education Foundation Announces Executive Committee
The Collision Repair Education Foundation (CREF) announced and introduce its newly appointed Executive Committee, which consists of seven industry professionals who are dedicated to supporting the future of the industry through engagement with collision schools and students. CREF’s 2023 Executive Committee includes: Chair Steve Schmidt (State Farm) Vice Chair Brenda Hogen (Parts Trader) Treasurer Stacy […]
Fix Network Raises $146,630 For Ronald McDonald House Charities Canada
Contributions made in 2022 will enable more than 872 nights of accommodation for families with seriously ill children across Canada. After hosting more than 10 events throughout 2022, Fix Network Canada, along with its employees and strategic partners, raised CA$146,630 ($107,750) to support Ronald McDonald House Charities Canada (RMHC Canada). Throughout 2022, Fix Network hosted […]
State Farm Reports Record Underwriting Losses in 2022
Auto insurance business reports underwriting loss of $13.4 billion. In 2022, State Farm’s auto insurance companies reported record underwriting losses due to rapidly increasing claims severity and significant additions to prior accident year incurred claims. While State Farm experienced unfavorable operating results in auto, State Farm Mutual Automobile Insurance Company remains financially strong. State Farm […]
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