Legislation that seeks to amend Unfair Claims Settlement Practices regulation adopted in 2019 that set $2,500 threshold and 3-day inspection requirement for auto insurance claims to have hearing today. The Rhode Island Senate Judiciary Committee will hear testimony today on Senate Bill 2784 (SB2784) that seeks to modify the thresholds and timeframe for auto insurers […]
Copart Reports Revenue of $939.9 Million in Fiscal Third Quarter
Copart, Inc. (NASDAQ: CPRT) reported revenue for the quarter ended April 30 was $939.9 million, an increase of $206.0 million, or 28.1%, from the same period last year. Gross profit was $436.3 million, an increase of $54.9 million, or 14.4%. Net income was $278.6 million, a decrease of $8.2 million, or 2.9% from last year. […]
ASA Honors Members and Elects Board at Annual Business Meeting
The Automotive Service Association (ASA) held its 2022 Annual Business Meeting in Hurst, Texas, on Thursday, May 12. One meeting highlight was ASA’s annual awards presentation, honoring members and organizations whose contributions went above and beyond in their service to ASA and to the automotive service industry. Tony Molla, a former ASA team member in […]
Clyde Douglas Named SVP and General Manager, Claims at USAA
Insurance executive, Coast Guard veteran to lead 7,000 claims employees. USAA announced today that Clyde Douglas has joined USAA as SVP and General Manager, Claims. He will oversee the Claims organization, focusing on providing exceptional service to USAA’s members. Douglas brings more than 25 years of industry experience and joins USAA from Chubb where he […]
Nominations Open for I-CAR’s Russ Verona Memorial Award and Jeff Silver Award
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced online nominations are now open for the Russ Verona Memorial Award and the Jeff Silver Award for performance year 2021. These awards recognize outstanding contributions to advancing technical education and professionalism in the collision repair industry. Nominations for both awards are being accepted for consideration through […]
Interview: Lucky Papageorg on Special Commission on Auto Body Labor Rates in Massachusetts Report
AASP/MA executive director details the final report mandated by the legislature examining stagnation of labor rates paid to collision repair facilities in the Commonwealth. To better understand the collision repair industry perspective on the Report of the Special Commission on Auto Body Labor Rates that was released in April, CollisionWeek spoke with Lucky Papageorg, executive […]
Incline Equity Partners Invests in Certified Collision Group
Certified Collision Group (CCG) the provider of business development and vendor management solutions to the collision repair market, announced that it has partnered with Incline Equity Partners to enhance its affiliate value proposition, expand its strategic partnerships, and explore new markets. Terms of the deal were not disclosed. Incline Equity Partners, headquartered in Pittsburgh, Pa., […]
Root Insurance Expands to Alabama and Florida
Root, Inc. (NASDAQ:ROOT), a technology company powering insurance solutions and the parent company of Root Insurance, has launched in Alabama and Florida, the 33rd and 34th states where Root auto insurance is now available. With the addition of these two new states, Root Insurance is now available to 76% of the U.S. population. “We’re excited […]
Traffic Fatalities Estimated to Reach 16-Year High in 2021
The National Highway Traffic Safety Administration has released its early estimate of traffic fatalities for 2021. NHTSA projects that an estimated 42,915 people died in motor vehicle traffic crashes last year, a 10.5% increase from the 38,824 fatalities in 2020. The projection is the highest number of fatalities since 2005 and the largest annual percentage increase […]
Nominations Open for 2022 National Auto Body Council Awards
The National Auto Body Council announced it is opening the nominations for its 2022 awards – the NABC Changing and Saving Lives Award and the NABC President’s Award, which formally recognize individuals and companies for their leadership of and commitment to improving the collision repair industry. The NABC President’s Award is designed to honor the […]
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