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Allstate Reports Auto Written Premiums Up 13.3% in Fourth Quarter

February 2, 2023 By CollisionWeek Editor

Increase driven by significant rate increases in the Allstate brand and growth at National General. Auto combined ratio of 112.6 in the fourth quarter of 2022 was up 8.3 points from 2021 quarter. The Allstate Corporation (NYSE:ALL) yesterday reported total revenues of $13.6 billion in the fourth quarter of 2022, an increase 4.9% compared to […]

Filed Under: News Tagged With: Allstate, Earnings

Boyd Group to Open New Gerber Collision Repair Centers in North Carolina and Florida

February 2, 2023 By CollisionWeek Editor

The Boyd Group (TSE:BYD) announced that two new collision repair centers will be opening soon in Winterville, N.C. and New Port Richey, Fla. The company also lists a new location coming soon in Ocala, Fla. on its website. The North Carolina collision repair center, located at 214 Beacon Dr in Winterville, will be one of […]

Filed Under: News Tagged With: Boyd Group, Florida, North Carolina, Openings

UK’s Steer Automotive Acquires Three Collision Repair Centers Bringing Total Locations to 60

February 2, 2023 By CollisionWeek Editor

UK-based Steer Automotive announced the acquisition of North East Accident Repair Centres (NEARC) with three operating sites in Newcastle, Sunderland and Darlington. The two owners of NEARC, Roger Collings and Bob Taylor, were looking to sell their shareholding and despite interest from several parties they felt that Steer Automotive was the best cultural fit for […]

Filed Under: News Tagged With: Acquisitions, Steer Automotive Group, United Kingdom

Classic Collision Promotes Alexander Brinkman and Cody Johnson to VP of Mergers and Acquisitions

February 2, 2023 By CollisionWeek Editor

Classic Collision, LLC announced the promotion of Alexander Brinkman and Cody Johnson to Vice President of Mergers and Acquisitions. Brinkman joined the Classic team in March 2020 with 34 locations and Cody Johnson joined the following year in January 2021 with 57 locations nationwide. They have both played a major role in the organization’s growth […]

Filed Under: News Tagged With: Classic Collision, People

Duck Creek Adds CCC Claims Solutions to its Partner Program

February 2, 2023 By CollisionWeek Editor

Duck Creek Technologies (NASDAQ:DCT), the property and casualty (P&C) insurance solutions provider, today welcomed CCC Intelligent Solutions, a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS), as the newest strategic member in its partner program. Through the integration, Duck Creek core system users will be able to seamlessly access solutions from CCC’s claims management suite, […]

Filed Under: News Tagged With: Agreements Signed, CCC, Duck Creek Technologies, Integrations

U.S. Length of Rental Up in Fourth Quarter Versus 2021

February 1, 2023 By CollisionWeek Editor

The rate of increase, however, appears to be decreasing from previous year on year comparisons. Enterprise Rent-A-Car reported Length of Rental (LOR) in the fourth quarter was 18.7 days in Q4 2022, up one half-day from Q3 2022. When compared to Q4 2021 results, LOR is up 1.7 days. It is an increase, but not […]

Filed Under: News Tagged With: Enterprise Rent-A-Car, Length of Rental

NADA, The National Urban League, and The Urban League of Louisiana to Launch Service Technician Apprenticeship Program in Louisiana

February 1, 2023 By CollisionWeek Editor

On January 27 at NADA Show 2023 in Dallas, officials from the National Automobile Dealers Association (NADA), National Urban League, and Urban League of Louisiana announced the February launch of a pilot service technician apprenticeship program in New Orleans and Baton Rouge, Louisiana. NADA is partnering with the Louisiana Automobile Dealers Association (LADA) and the […]

Filed Under: News Tagged With: Louisiana, National Automobile Dealers Association, National Urban League, Workforce Development

ABRA VP of Franchise Development and Operations Mark Wahlin to Retire

February 1, 2023 By CollisionWeek Editor

Former ABRA franchisee, and most recently, ABRA’s vice president of franchise services and operations, Mark Wahlin, has announced his retirement. Mark has been working in the collision repair industry for almost 50 years, where he has grown into an incredible leader and mentor. In December of 1987, Mark signed to be the first ABRA franchisee. […]

Filed Under: News Tagged With: ABRA, People

February is Insurance Careers Month

February 1, 2023 By CollisionWeek Editor

The federal government reports 2.8 million people in the U.S. are employed by the insurance industry and February’s annual celebration of Insurance Careers Month is a reminder of the opportunities it offers, according to the Insurance Information Institute (Triple-I). “Insurance is the backbone of the global economy, providing security, recovery, and sustainability. Whether just starting […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Insurance Information Institute, Property Casualty Insurance, Workforce Development

Infrastructure Law Provides $800 Million for More than 500 Road Safety Projects

February 1, 2023 By CollisionWeek Editor

Funding targets high-crash sites in cities and counties and supports the U.S. Department of Transportation’s comprehensive strategy to reduce roadway deaths. U.S. Transportation Secretary Pete Buttigieg announced  $800 million in grant awards for 510 projects through the new Safe Streets and Roads for All (SS4A) Grant Program, a record amount of funding to improve roads […]

Filed Under: News Tagged With: legislation, traffic safety, U.S. DOT

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