The sentiment index remains 21% below year-ago level. Nearly three-quarters of consumers say it’s a bad time to buy a vehicle. Consumer sentiment rose 3.5 points in January to 56.4, up from 52.9 in December but remaining more than 20% below the January 2025 reading of 71.7, according to the University of Michigan Surveys of […]
PSE Group Acquires Color Systems
PSE Group acquired Color Systems, a Warwick, R.I.-based automotive refinish and ancillary products distributor. The transaction expands PSE Group’s presence to 77 locations across 17 states and strengthens its position in the New England market. Financial terms were not disclosed. Color Systems, founded in 1971, serves collision repair facilities throughout the Greater New England region. […]
First Chicago Insurance Expands Personal Auto Coverage to Tennessee
First Chicago Insurance Company has expanded its personal auto insurance operations to Tennessee, bringing the Warrior Insurance Network member company’s reach to 12 states. The company appointed Clay Howell as state marketing manager for Tennessee. Howell has 20 years of insurance sales and marketing experience, including work as a business development territory manager in the […]
New York Governor Proposes Auto Insurance Reforms to Address Fraud, High Premiums
New York Governor Kathy Hochul unveiled proposals Jan. 22 to reduce auto insurance costs in New York through measures targeting fraud and reforming liability laws. New York residents pay an average of $4,000 annually for car insurance, approximately $1,500 above the national average, according to state data. Insurance carriers reported 38,270 incidents of suspected motor […]
FTC Finalizes Order Against GM, OnStar Over Geolocation Data Collection
The Federal Trade Commission (FTC) has finalized an order prohibiting General Motors and OnStar from sharing consumer geolocation and driving behavior data with consumer reporting agencies for five years, settling allegations the vehicle manufacturer collected and sold the information without proper consent. Under the order GM must obtain express consent from consumers before collecting or […]
CREF Opens 2026 Benchmark Award Applications for Collision Repair School Programs
Last year, program benefited 104 high school and college programs. The Collision Repair Education Foundation (CREF) has opened applications for its 2026 Benchmark Awards, with a deadline of June 30. The organization has awarded nearly 1,200 grants totaling more than $5 million over 16 years, according to CREF. In 2025, 104 high school and college […]
Property/Casualty Insurers Post Strong 2025 Results Despite Slowing Premium Growth
The U.S. property/casualty insurance industry is on track to record its lowest net combined ratio in more than a decade for 2025, despite moderating premium growth, according to a report released yesterday by the Insurance Information Institute (Triple-I) and Milliman. The industry achieved the profitability milestone despite the Los Angeles wildfires in January 2025, aided […]
Lemonade Launches Autonomous Vehicle Insurance With 50% Rate Reduction for Tesla FSD
Lemonade Inc. (NYSE: LMND) announced Jan. 21 the launch of an autonomous vehicle insurance product designed for self-driving cars, beginning with Tesla vehicles equipped with Full Self-Driving technology. The insurance carrier will reduce per-mile rates by approximately 50% when FSD is engaged, reflecting lower risk during autonomous operation. The company said it expects further rate […]
Washington Senate Passes Bill Granting Insurance Commissioner Restitution and Fining Authority
The Washington state Senate passed legislation Jan. 21 that would grant Insurance Commissioner Patty Kuderer authority to order restitution for policyholders harmed by insurance companies or agents, and establish per-violation fines for property and casualty insurers. The Senate approved SB 5331 by a 29-20 vote. The bill now moves to the House Consumer Protection & […]
Coalition Against Insurance Fraud Names New Insurer Co-Chair, Re-Elects Officers
The Coalition Against Insurance Fraud has appointed Steven Piper as insurer co-chair and re-elected John Sokit as treasurer, the organization announced Jan. 15. The Executive Committee and Board of Directors approved the appointments at the coalition’s annual meeting in Arlington, Va. Piper, assistant vice president and global head of special investigations at CNA Insurance, will […]
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