CCC Intelligent Solutions Inc. (NYSE: CCCS), announced total revenue was $166.8 million for the second quarter ended June 30, up from $150.7 million for the second quarter of 2020. Adjusted for the impact of the divestiture of a portion of its First Party Clinical Services casualty solution in December 2020, total revenue grew 16% in […]
Economical Insurance Selects Shift Technology for Fraud Detection
Shift Technology, a provider of artificial intelligence (AI) decision automation and optimization solutions for the global insurance industry, announced that Economical Insurance, a property and casualty insurer in Canada, will deploy Shift Claims Fraud Detection to better spot potentially suspicious claims in its Personal and Commercial Auto and Property lines of business. Economical was looking […]
Boyd Group Opens New Collision Repair Center in Texas
The Boyd Group Inc. announced the opening of a Gerber Collision & Glass collision repair center in Round Rock, Texas. This repair center is located near a well-traveled interstate, approximately 20 miles northeast of Austin by an area with a population of 2.3 million people. Round Rock is home to an international technology company headquarters […]
Collision Claims Down 13% in First Quarter Compared to 2020
While improving from the 35% decline in second quarter of 2020, the first quarter benefited from a weak comparison last year at start of pandemic. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that claims and losses have continued to rebound from the historic impact from the […]
State Farm and Hagerty Partner on Classic Car Insurance
State Farm, the largest insurer of private passenger vehicles in the U.S., is collaborating with Hagerty to introduce new coverage for classic vehicles beginning in 2022. “We’re thrilled this strategic alliance will position State Farm agents to help customers protect their classic vehicles while giving them an opportunity to connect with a community of car […]
Midwest Auto Body Trade Show September 30-October 2 in Iowa
The 9th Annual Midwest Auto Body Trade Show will be held September 30-October 2 at the Riverside Casino and Golf Resort in Riverside, Iowa. The event kicks off at noon Thursday, September 30th with the Iowa Industry Golf Tournament. Friday morning, the Midwest Auto Body Trade Show is hosting an inaugural Midwest Association Leaders Meeting […]
Registration for September 15-16 HD Repair Forum Open
Registration is open for the 2021 HD Repair Forum conference, set to take place Wednesday and Thursday, September 15-16, in Cleveland, Ohio. The meeting is co-located with the American Trucking Association’s Technology & Maintenance Council’s fall meetings. The HD Repair Forum’s program will follow a similar format as in year’s past, spanning two days with […]
Boyd Group Reports Sales Up Over 44% in Second Quarter Compared to Pandemic Impacted 2020
Same store sales up over 34%. Boyd Group Services Inc. (TSE:BYD.TO) today announced sales increased by 44.4% to $444.6 million in the second quarter ended June 30 from $308.0 million in the same period of 2020. Same-store sales increased 34.5%, recognizing the same number of selling and production days in the U.S. and Canada in […]
Classic Collision Acquires Two Collision Repair Centers in California
Classic Collision, LLC announced the acquisition of two Prestigious Auto Body & Painting locations in California. Classic Collision now operates a total of 102 repair centers in Alabama, Alaska, California, Florida, Georgia, Oregon, South Carolina, and Washington. Prestigious Auto Body & Painting has been in business in the Santa Barbara market for over 30 years. […]
National Oak Distributors Acquires PBE Jobbers Warehouse
Prairie Capital Advisors, Inc. announced its client PBE Jobbers Warehouse, Inc. has been acquired by National Oak Distributors, Inc. Prairie acted as exclusive financial advisor in this transaction to PBE Jobbers and its shareholders and was led by Tim Witt and Anthony Dolan of Prairie. Terms of the transaction were not disclosed. Founded in 1976 […]
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