Insurer will use artificial intelligence to improve the speed and accuracy of estimate review. GEICO, the second-largest auto insurer in the US, is partnering with Tractable to accelerate its auto claim and repair process. Tractable’s proprietary computer vision technology, trained on millions of historical claims, assesses vehicle damage like a human appraiser. Inserting artificial intelligence […]
Northeast Tradeshow Full-Speed Ahead for September 10-12 as NJ Governor Lifts Additional COVID-19 Restrictions
In a post on Facebook the organizers of the Northeast Automotive Services Show said that its full speed ahead for the September 10-12 trade show as New Jersey Governor Murphy announced the removal of additional COVID-19 restrictions. On Monday, Governor Phil Murphy said that he would sign an executive order lifting New Jersey’s statewide […]
Ford Partners with Mile Auto on Pay-Per-Mile Insurance Offering
Ford Motor Company is teaming up with Mile Auto, a next-gen insurtech company utilizing computer vision and decision analytics to offer an affordable car insurance option based on mileage to low-mileage drivers. Through Mile Auto’s technology-driven and privacy-centric pay-per-mile approach, Ford owners who drive under 10,000 miles per year could potentially save between 30% and […]
AASP/MA Announces New Member Benefit with Altus Dental Partnership
The Alliance of Automotive Service Providers of Massachusetts (AASP/MA) announced a new cost-savings benefit for its members by way of partnering with Altus Dental. Through the partnership, association members in good standing can take part in a dental insurance plan with competitive cost savings of roughly six to 10 percent versus signing up for the […]
Pedestrian Deaths Soar in 2020 Despite Drop in Driving During Pandemic
Projected fatality rate for people walking spiked 21% for largest ever year-over-year increase as dangerous driving and traffic violence plagued U.S. roads. New data from the Governors Highway Safety Association (GHSA) projects that 2020 had the largest ever annual increase in the rate at which drivers struck and killed people on foot. What drove this […]
NOAA Predicts Active Atlantic Hurricane Season
While predicted above average, season expected to be below historic levels last year. Businesses and households urged to prepare in advance. NOAA’s Climate Prediction Center is predicting another above-normal Atlantic hurricane season. Forecasters predict a 60% chance of an above-normal season, a 30% chance of a near-normal season, and a 10% chance of a below-normal […]
LKQ Acquires Hybrid Battery Reconditioner Green Bean Battery
LKQ Corporation (NASDAQ: LKQ) today announced that it has acquired the business and assets of Green Bean Battery, LLC. Founded in 2016, Green Bean is a hybrid battery reconditioner and installer, which has developed a proprietary hybrid battery reconditioning process that creates a more reliable battery while simultaneously extending its useful life. Green Bean acquires […]
Copart Reports Fiscal Third Quarter Revenue of $733.9 million
Copart, Inc. (NASDAQ: CPRT) reported financial results for its fiscal third quarter ended April 30. For the quarter, revenue, gross profit, and net income were $733.9 million, $381.3 million, and $286.8 million, respectively. These represent an increase in revenue of $183.6 million, or 33.4%; an increase in gross profit of $138.7 million, or 57.2%; and […]
WreckMaster and the Towing and Recovery Association of America Announce Certification Program
WreckMaster Inc. and the Towing and Recovery Association of America, Inc. (TRAA) have announced a new partnership that will oversee the creation of a new standardized certification body. This move to one united certification is designed to increase safety, professionalism, and better serve the whole towing and recovery industry. The new co-branded certification offerings will […]
Ben Bowman Named Senior VP of Global Supply Chain at Original One Parts
Original One Auto Parts, LLC, announced that Ben Bowman has been named Senior Vice President of Global Supply Chain. Bowman has held numerous global sourcing leadership positions in the automotive aftermarket, the most recent as VP of Supply Chain and Quality at TruckLabs. He has experience in international sourcing/outsourcing, and product development for OEM, aftermarket […]
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