The U.S. property/casualty insurance industry recorded a $35 billion net underwriting gain in the first nine months of 2025, up from nearly $4 billion during the same period last year, according to a new AM Best report. The improvement was driven by lower catastrophe losses during the third quarter and continued premium growth Net premiums […]
State Farm Approved for 5.9% Auto Insurance Rate Decrease in Louisiana
State Farm has received approval from Louisiana Insurance Commissioner Tim Temple for a 5.9% average rate decrease on personal auto insurance, the Louisiana Department of Insurance announced Dec. 11. The change affects more than 1,066,000 policyholders and takes effect Jan. 1, 2026. State Farm is the largest personal auto insurer in Louisiana with approximately 30% […]
Solera Reports AI-Powered Estimating Cuts Cycle Times, Boosts Shop Revenue
Collision repair facilities using Solera’s Qapter AI estimating platform are reporting faster estimate turnaround and improved financial performance, according to the company. The platform, powered by Solera’s Visual Intelligence and Repair Science, reduces estimate creation time from as much as several days to under 20 minutes, Solera said. A repair facility employee photographs the damaged […]
AutoNation Acquires Baltimore Toyota Dealership
AutoNation Inc. has acquired Jerry’s Toyota from Jerry’s Automotive Group in Baltimore, renaming the store AutoNation Toyota White Marsh. The dealership generates approximately $123 million in annual revenue and sells about 2,600 new and used vehicles annually, according to AutoNation. The acquisition gives AutoNation its 20th Toyota store nationwide and its first Toyota dealership in […]
Mitchell Reports Record BEV Collision Claims Frequency in Q3
Electric vehicle collision claims rebound as expiring U.S. government tax incentives drive record sales. Battery electric vehicle (BEV) collision claims frequency reached an all-time high of 3.21% in the third quarter of 2025, rebounding after dropping for the first time in the second quarter, according to Mitchell’s latest Plugged-In: EV Collision Insights report released today. […]
AkzoNobel Completes $1.65 Billion Sale of India Liquid Paints Business to JSW Group
Akzo Nobel N.V. has completed the previously announced sale of Akzo Nobel India Limited to JSW Group, one of India’s largest diversified conglomerates. The transaction, based on an enterprise value of approximately €1.4 billion ($1.65 billion), represents an EV/EBITDA multiple of 25x. The deal includes AkzoNobel’s liquid paints and coatings business in India, including the […]
Fall ASE Certification Registration deadline December 31
Last chance to register for five tests to be discontinued next year. The National Institute for Automotive Service Excellence announced that automotive service professionals must register for the fall ASE certification testing by Dec. 31. Those who register by the deadline will have 90 days to schedule an appointment to take their selected ASE certification […]
IBIS Middle East Set for New Dubai Venue, Revised Format on February 10-11
IBIS Worldwide said its IBIS Middle East 2026 conference will be held Feb. 10-11 at The Avery at Conrad Dubai, marking a change in venue and format for the regional event. Early bird registration is available through the month December. The conference will follow IBIS’s 2026 global theme of “Connecting Changemakers” and feature a restructured […]
Robert Aldridge Promoted to Director of Sales at ProColor Collision
ProColor Collision announced it has promoted Robert Aldridge to director of sales, effective immediately. Aldridge, who joined ProColor Collision in 2023 as field sales and performance manager, will lead national account management and insurance carrier relationships. He reports to Lou Berman, vice president of sales and operations for Fix Network USA and ProColor Collision. “Robert’s […]
Collision Coverage Claims Were Down Over 11% in Second Quarter Compared to 2024
While down, the rate of decline was lower than in the first quarter. Quarterly collision claim counts have been down versus the previous year for nine quarters. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the year-over-year rate of decline in quarterly collision coverage claims slowed […]
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