Upon President Biden signing the American Rescue Plan Act of 2021 into law, the U.S. Small Business Administration’s Senior Advisor Michael Roth stated, “The American Rescue Plan Act enables the SBA to continue to lift up the cornerstones of our communities; the mom-and-pop businesses and nonprofits that provide essential services for our everyday lives, hire […]
California Insurance Commissioner Says Auto Insurers Overcharged Drivers as Accidents Plummeted Due to Pandemic
Orders insurance companies to report by April 30 how they will return additional premiums back to California policyholders, also seeks additional data about commercial insurance losses. After a systematic review of data submitted by insurance companies, California Insurance Commissioner Ricardo Lara has found that insurance companies continue to “…overcharge consumers despite drastically reduced risk of accidents […]
New Hampshire House Committee Unanimous in Disapproval of Manufacturer ADAS Procedure and Collision Repair Paint and Materials Bill
Legislation would have established a rebuttable presumption that OEM recommendation for scans and recalibration as well as paint and materials charges based upon a third-party guidelines. The New Hampshire House Commerce and Consumer Affairs votes against legislation that would have made it an unfair claims practice to not follow vehicle manufacturer recommendations without providing evidence […]
State Farm Returning $400 Million Dividend to California Auto Customers
State Farm announced that due to better than anticipated claim results, it is returning $400 million to California mutual auto insurance customers. The dividend applies to approximately 3.5 million private passenger auto policies in California. Through this dividend, customers can expect to receive a check of 18% of premium, or averaging about $100 per policy, […]
Automechanika Frankfurt Will Take Place as In-Person Event in September
Trade fair to take place with a new online program including livestream of in-person Collision Talk event. This year’s Automechanika Frankfurt is taking place as a hybrid event for the first time on September 14-18 in Frankfurt am Main, Germany. The primary focus will be on the physical event and all the advantages it offers. […]
Fix Auto UK Announces 2022 Date for National Conference.
Fix Auto UK announced it has made the decision reschedule its annual two-day National Conference, revealing it will now return on Wednesday, March 2, and Thursday, March 3, 2022. The decision has been made to ensure the safety of franchise partners, team members, event sponsors and industry guests along with all involved in making the […]
Automotive Scholarships Deadline Approaching
Applications for automotive scholarships funded by the University of the Aftermarket Foundation and partner organizations are being accepted through March 31, 2021. Nearly 500 scholarships for the 2021-22 school year will be awarded to deserving students pursuing careers in the automotive aftermarket industry. Applicants can apply online and must be planning to attend a full-time […]
Driven Brands Holdings Reports Revenue of $904 Million for 2020
Driven Brands Holdings Inc. (NASDAQ: DRVN) today reported financial results for the fourth quarter and fiscal year ended December 26, 2020. For the fourth quarter, revenue was $288.5 million, an increase of 58% versus the prior year. Loss per share was $(0.06) for the fourth quarter, while adjusted earnings per share2 was $0.01. The revenue […]
Farmers Insurance Launches New CrashAssist Feature Within its Signal App
Farmers auto policyholders using the safe driving app will now have access to crash detection and support features including filing a claim. Farmers Insurance announced the launch of CrashAssist, a new feature included within the Signal app that helps connect drivers with emergency services in the event of an accident and offers help in reporting […]
IBIS Releases Virtual 2021 and In-Person 2022 Global Event Schedule
In 2020, face-to-face International Bodyshop Industry Symposium (IBIS) conferences made way for a new and exciting era of live broadcasts streamed direct to via its custom interactive event platform. Throughout the year, IBIS brought together the global collision industry safely, efficiently and innovatively through the power of connecting online. In 2021, IBIS plans to consolidate […]
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