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Collision Claims Were Up Over 8% in Second Quarter Compared to Last Year

October 21, 2022 By CollisionWeek Editor

Second quarter claims were also within 0.1% of pre-pandemic levels. Losses up over 43% compared to 2019. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses in the second quarter of 2022 continued to rebound with claims at almost pre-pandemic levels and losses far […]

Filed Under: Research Tagged With: Claim Frequency, Claim Severity, Claims, Losses

Honda and I-CAR Partner on Two Online Training Courses for 2022 Honda HR-V

October 21, 2022 By CollisionWeek Editor

The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced an expanded collaboration with Honda to bolster its technical training programming with the development and delivery of two new online courses specifically designed for repair of the 2022 Honda HR-V. Both one-hour online courses for the subcompact SUV, led by I-CAR’s technical experts, are now open […]

Filed Under: News Tagged With: Agreements Signed, American Honda, I-CAR, Technical Training

U.S. Winter Weather Outlook Forecasts Warmer, Drier South and Colder, Wetter Northwest

October 21, 2022 By CollisionWeek Editor

Drought to persist in great plains, parts of west and expand. This year La Niña returns for the third consecutive winter, driving warmer-than-average temperatures for the Southwest and along the Gulf Coast and eastern seaboard, according to NOAA’s U.S. Winter Outlook released today by the Climate Prediction Center — a division of the National Weather […]

Filed Under: News Tagged With: NOAA, Winter Forecast

Automotive Right to Repair Group Collecting Signatures to Get Issue on Maine 2023 Ballot

October 21, 2022 By CollisionWeek Editor

The Maine Right to Repair Coalition has launched a campaign to get more than the 63,000 signatures needed to get a referendum question on the 2023 Maine general election ballot next year that would establish consumer and independent repair facility access to motor vehicle diagnostic data. The Maine Secretary of State’s office approved the petition […]

Filed Under: News Tagged With: legislation, Maine, Right to Repair

Assurance America Extends Relationship with CCC

October 21, 2022 By CollisionWeek Editor

CCC Intelligent Solutions (CCC), a leading SaaS platform powering the P&C insurance economy, today announced Assurance America (Assurance) will extend the use of CCC technology to include its first-party casualty solution. Now Assurance can manage auto physical damage (APD) and first- and third-party casualty claims through a single digital workflow, powered by CCC. The CCC […]

Filed Under: News Tagged With: Agreements Signed, Assurance America, CCC

PPG Reports Record Third Quarter Sales of $4.5 Billion

October 20, 2022 By CollisionWeek Editor

Refinish sales at record levels as U.S. body shop activity robust. PPG names Tim Knavish president and chief executive officer. Michael H. McGarry to retire next year. PPG (NYSE:PPG) reported record third quarter net sales of $4.5 billion, up about 8% on a constant currency basis. Overall company sales volumes decreased by about 3% versus […]

Filed Under: News Tagged With: Earnings, People, PPG Industries

Allstate Reports Auto Insurance Premiums of $7.9 Billion, Up 9.6% in Third Quarter

October 20, 2022 By CollisionWeek Editor

The Allstate Corporation (NYSE: ALL) today announced estimated results for the third quarter of 2022 of a net loss between $675 million and $725 million and adjusted net loss estimated between $400 million and $450 million. Property-Liability Premiums written increased 9.8% from Q3 2021 to $12.0 billion due to higher average auto and home insurance […]

Filed Under: News Tagged With: Allstate Insurance, Earnings

Crash Champions Acquires Third Collision Repair Center in Portland, Oregon Metro Area

October 20, 2022 By CollisionWeek Editor

Crash Champions, LLC announced it has expanded service in the Portland, Ore. metro area after it closed a deal to acquire a location with about 17,000 sq. ft. of production space at 935 Southeast 202nd Avenue in Gresham. Crash Champions, which opened its first Portland location earlier this year, now serves area customers and business […]

Filed Under: News Tagged With: Acquisitions, Crash Champions, Oregon

Toyota Auto Insurance Launches in Texas

October 20, 2022 By CollisionWeek Editor

Toyota Auto Insurance, the vehicle manufacturer’s branded insurance product, is now available to customers residing in Texas, the second largest auto insurance market in the U.S. and home to the vehicle manufacturer’s North American headquarters. Introduced in five states in 2021, Toyota Auto Insurance customers receive service and claims support provided by Toggle, part of […]

Filed Under: News Tagged With: Openings, Texas, Toyota Insurance Management Solutions

IAA Expands in Fresno and Los Angeles

October 20, 2022 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced capacity growth in two important California regions. IAA Fresno has expanded again to meet growing demand in the key market of the San Joaquin Valley. Significant capacity has also been added to meet customer needs in the densely populated Los Angeles market with the IAA Santa Clarita branch growing by […]

Filed Under: News Tagged With: Insurance Auto Auctions, Openings

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