Cities across the United States have experienced an unprecedented rise in auto thefts and carjackings in recent years. David Glawe, president and CEO of the National Insurance Crime Bureau (NICB), provided comprehensive expert testimony today before the U.S. Senate Committee on the Judiciary regarding this complex issue. In his testimony, Glawe spoke on the staggering […]
State Farm Reports Record Growth in Auto Policies But Lower Earned Premiums
The largest auto insurer in the U.S. returned $401 million in dividends to auto policyholders even with higher claim costs. State Farm Insurance Companies announced it experienced record growth in auto, home and life policies in 2021. While experiencing record growth in auto policies, State Farm reported another year-over-year decrease in auto earned premium. The […]
CCC Reports Revenue of $187.1 Million in Fourth Quarter
CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) announced total revenue was $187.1 million for the fourth quarter ended December 31, up from $165.4 million for the fourth quarter of 2020. Adjusted for the impact of the divestiture of a portion of its professional services casualty solution in December 2020, total revenue grew 19% in the fourth […]
Liberty Mutual Completes State Auto Acquisition
Liberty Mutual Insurance has completed the acquisition of State Auto Group, a super-regional property and casualty insurance holding company headquartered in Columbus, Ohio that distributes personal and small commercial coverages in 33 states through approximately 3,400 independent agents. More than 2,000 State Auto employees will join Liberty Mutual’s Global Retail Markets US business unit. Through […]
CSN Adds Collision Repair Center to Network in Ontario, Canada
CSN MGI Collision in Kirkland Lake, Ontario, Canada is the latest addition to the CSN Collision Centres network. Located just a stone’s throw away from the Trans-Canada Highway in Kirkland Lake, Northeastern Ontario, CSN MGI Collision owners Carole and Darren Arsenault have been in business since 2009 and are excited to join CSN, accessing the […]
AAA Says Drivers Paid $26.5 Billion in Vehicle Repairs Due to Potholes
Americans battling the polar vortex will soon face a greater enemy—pothole season. A new survey from AAA found that last year 1 in 10 drivers sustained vehicle damage significant enough to warrant a repair after hitting a pothole. With an average price tag of almost $600 per repair, damage caused by potholes cost drivers a […]
Consumer Sentiment Sinks in February
Concerns about inflation’s impact on personal finances and its impact on the economy as a whole worry U.S. consumers. Consumer sentiment fell in February to its lowest level in the past decade, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 62.8 in the February 2022 survey, down from […]
Solutions to Collision Repair Industry Technician Shortage Subject of Northeast Trade Show Panel
The ongoing technician shortage has left many collision repair centers struggling to keep up with repair volume – without proper manpower. A special panel at the NORTHEAST 2022 Automotive Services Show, The Continuing Tech Shortage: How Do We Fix It? seeks to examine and confront the issues surrounding the lack of good help which is […]
AAA Foundation Research Finds Spike in Traffic Fatalities Result of High-Risk Younger Men That Were a Larger Share of Those Who Drove More During Pandemic
As the COVID-19 pandemic swept across the country, it led to fewer drivers on the roads and a significant reduction in the number of miles driven. And yet, U.S. government data shows traffic fatalities have surged, along with an increase in crashes involving impairment, speeding, red-light running, aggressiveness, and non-seatbelt use, to its highest level […]
Universal Technical Institute-Orlando Launches BMW FastTrack Technician Training Program
Universal Technical Institute (UTI) has launched the first session of its new BMW FastTrack technician training programs at its Orlando, Fla. campus, the second location to begin offering the 12-week advanced training program. A collaboration between the luxury-class German automaker and UTI, the nation’s leading provider of automotive technician training, BMW FastTrack provides state-of-the-industry training […]
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