Yesterday, the U.S. Department of Education announced it will discharge all remaining federal student loans borrowed to attend any campus owned or operated by Corinthian Colleges Inc. from its founding in 1995 through its closure in April 2015 including its Wyotech automotive and collision repair trade schools. The announcement will result in 560,000 borrowers receiving […]
WorldSkills Competition in Shanghai Cancelled
The current lockdowns in Shanghai and ongoing pandemic prevention and control restrictions in China make hosting the October event impossible in 2022. Today WorldSkills International, in agreement with WorldSkills Members, WorldSkills Shanghai 2022 Executive Bureau, and WorldSkills China (MOHRSS) announced the cancellation of WorldSkills Competition 2022 (WorldSkills Shanghai 2022). Scheduled for October 12–17, the 46th […]
Global Finishing Solutions and 1Collision Announce New Partnership Program
Global Finishing Solutions (GFS) announced a new partnership program with 1Collision. Under the partnership program, GFS will provide 1Collision affiliates with lifelong support and service of industry-leading finishing equipment and technologies that improve paint finish quality, increase throughput and exceed performance requirements. 1Collision affiliates can also take advantage of GFS’s expansive distribution network, which provides […]
June Designated as Automotive Service Professionals Month
The National Institute for Automotive Service Excellence (ASE) has designated June 2022 as Automotive Service Professionals Month (ASPM). This year, ASPM will not only serve as a way to recognize vehicle service professionals who are proficient, credentialed and committed to excellence, but also as a celebration of ASE’s 50 years of service to the transportation […]
Property and Casualty Insurers Experience Underwriting Loss in 2021
Auto physical damage written premiums were up 6.5% but direct losses grew 25.1% over pandemic influenced 2020. Despite experiencing an underwriting loss, the property/casualty insurance industry ended 2021 strong and able to support policyholders, according to a report from Verisk (NASDAQ:VRSK), the global data analytics provider, and the American Property Casualty Insurance Association (APCIA). In […]
AkzoNobel Acquires African Paints and Coatings Business from Kansai Paint
AkzoNobel announced it is strengthening its African footprint after reaching an agreement with Kansai Paint to acquire its paints and coatings activities in the region. Completion, which is subject to regulatory approvals, is expected during the course of 2023. Present in 12 countries in Africa, Kansai Paint has regional consolidated revenue of around €280 million […]
Safelite Group Acquires Frontier Glass
Safelite Group, the owner of Safelite AutoGlass , announced today an agreement to acquire the assets of Frontier Glass in Buffalo, N.Y. The transaction was completed on Friday, May 27. “We’re pleased to welcome Frontier Glass associates to the Safelite family,” said Renee Cacchillo, President and CEO of Safelite Group. “Founded in 1920, their focus […]
IAA Expands Two Louisiana Locations to Bolster CAT Preparedness
Two locations in hurricane-prone region converted to permanent CAT yards. IAA, Inc. (NYSE:IAA) announced the expansions of the Crowley and Scott CAT yards near Lafayette, La. These full-term conversions of CAT yards into permanent facilities support IAA’s long-term capacity strategy in this hurricane-prone region. “IAA’s continued investment in hurricane-prone areas, like southern Louisiana, helps to […]
California Insurance Commissioner Investigated Over Campaign Finance Complaints
Regulator investigates insurance companies funneling $122,500 to Lara campaign. According to the nonprofit Consumer Watchdog, seven insurance companies have contributed $122,500 to the LGBTQ Caucus, which in turn spent the money on an independent expenditure campaign to re-elect Ricardo Lara as insurance commissioner without disclosing the source of the donations. Consumer Watchdog filed a complaint […]
Service King Reaches Agreement with Financial Stakeholders to Recapitalize Business
Clearlake Capital Group assumes majority ownership. MSO receives $200 million new capital injection, reduces net indebtedness by over $500 million. Service King today announced its entry into a comprehensive agreement with key financial stakeholders that will provide the Company with new capital, reduce debt, extend remaining existing debt maturities, and position Service King to increase […]
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