PARTS iD, Inc. (NYSE American:ID), the owner and operator of a digital commerce platform for the automotive aftermarket, announced the appointment of James Doss as its Chief Financial Officer effective January 1, 2023. Doss will assume the role following the retirement of current Chief Financial Officer Kailas Agrawal at the end of this year. “We […]
AM Best Outlook on U.S. Personal Lines Insurance Segment Remains Negative
Personal auto physical damage loss ratios have deteriorated as severity has increased since the end of 2021. Innovative use of technology necessary to strengthen claims handling. AM Best announced today is maintaining its negative market segment outlook on the U.S. personal lines insurance segment for 2023, primarily due to significant deterioration in reported results for […]
J.D. Power Survey Says Auto and Home Insurance Claims Processes Suffer Digital Growing Pains
Customer satisfaction with claims experience falls again as insurers struggle to manage long cycle times via digital channels. The ongoing digital transformation of the property and casualty (P&C) insurance industry has hit some speedbumps when it comes to customer satisfaction among those who use insurers’ digital channels to manage their claims. According to the J.D. […]
USAA to Leverage CCC Intelligent Solutions Digital Capability to Streamline First Party Casualty Claims
CCC Intelligent Solutions Inc. announced the introduction of the CCC First Party Claim Portal, a new digital capability to streamline and improve the casualty claims process for insurance customers and their policyholders. The First Party Claim Portal enables injured parties to digitally interact with their insurer, exchange information pertaining to an auto-related injury claim and […]
Driven Brands to Migrate Glass Businesses to Auto Glass Now Brand, Announces 10th Acquisition
Driven Brands Holdings Inc. (NASDAQ:DRVN) announced that it will be migrating its glass servicing business to the Auto Glass Now (AGN) brand beginning in January 2023. Since entering the U.S. glass business less than a year ago, Driven Brands has grown to approximately 175 locations and over 700 mobile units through a series of acquisitions […]
Copart Announces Hiring of New Chief Financial Officer and Chief Legal Officer
Copart, inc. (NASDAQ:CPRT) announced the addition of two new members to its leadership team today: Chief Financial Officer Leah Stearns and Chief Legal Officer Paul Kirkpatrick. Stearns will lead Copart’s finance and accounting functions to help enable the company’s continuing profitable growth. She is a seasoned Fortune 500 executive, serving most recently as chief financial […]
Independent Collision Repair Facility Revenue at Record Level in 2021
Revenue was above 2019 levels after suffering a decline in 2020 due to the impact of government shutdowns at the start of the pandemic. The latest statistics from the U.S. Census Bureau shows that independent collision repair facility revenue increased above both 2020 and 2019 levels as traffic and accidents increased from the pandemic lows […]
Classic Collision Acquires Third Collision Repair Center in Minnesota
Classic Collision, LLC announced the acquisition of Roering Auto Body in Saint Paul, Minn. Roering Auto Body has been serving Saint Paul and the surrounding areas since 1982. “Our mission is to provide our customers with the most professional, courteous service and quality workmanship, and we believe that Classic Collision will continue that here in Saint […]
Car ADAS Announces New Location in Georgia
Car ADAS Solutions announced the addition of its 18th Location, Georgia ADAS Calibrations located in Decatur, Ga. After operating in Conyers, Georgia ADAS Calibrations opened a second location in the Atlanta market, in Decatur. “We welcome Georgia ADAS Calibrations to the Car ADAS family of best-in-class calibration centers,” said Greg Peeters, founder and CEO of […]
AkzoNobel Completes Lankwitzer Lackfabrik Acquisition
AkzoNobel announced it has completed the previously announced acquisition of the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH, a deal which strengthens the company’s performance coatings portfolio. The acquired business will complement AkzoNobel’s existing powder coatings offering and expand the range of products the company supplies. Operating out of a manufacturing site in Leipzig, […]
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