Allstate brand policies in force up just 0.1%. Company continues to advance its transformative growth plan. The Allstate Corporation (NYSE: ALL) reported total revenues of $11.5 billion in the third quarter of 2020 increased 3.9% compared to the prior year quarter, reflecting net realized capital gains of $440 million and a 1.9% increase in Property-Liability […]
Auto Club Announces Third Round of Financial Relief for Auto Insurance Policyholders
The Automobile Club of Southern California announced that AAA members who insure their vehicles through the Interinsurance Exchange of the Automobile Club will receive a third round of premium refunds totaling approximately $46 million. This latest COVID-19 financial relief is in addition to almost $92 million in refunds provided in May and $58 million in […]
Massachusetts Voters Approve Ballot Question to Amend Right to Repair Law
Measure prohibits vehicle manufacturers from requiring their authorization before consumers and independent repair facilities can access diagnostic data unless done through independent third-party. While much of the country is awaiting results on the election for President, voters in Massachusetts gave vehicle owners and independent repairers a victory over vehicle manufacturers on the issue of wireless […]
Boyd Group Acquires Three Collision Repair Centers in Michigan
The Boyd Group Inc. announced the acquisition of three collision repair centers in the Upper Peninsula of Michigan. The three new Gerber Collision & Glass repair centers, located in Escanaba, Kingsford and Marquette, previously operated as Classic Auto Collision Centers originating in 1984 in Escanaba. A new repair center was built in 1990 and a […]
WIN Kicks Off 2021 Sponsorship Campaign
The Women’s Industry Network (WIN) announced the kick off its 2021 sponsorship campaign in that will continue through the spring of 2021. WIN provides a forum to promote diverse perspectives, address industry challenges, and move the collision repair industry towards a successful future. The organization’s main goals are to: 1) Strengthen the Network, 2) Resource […]
Modine Sells Majority of Automotive Cooling Business to Dana
Modine Manufacturing Company (NYSE: MOD) announced that it has signed a definitive agreement with Dana Incorporated to sell the liquid-cooled portion of its automotive business, which represents approximately 70% of its Automotive business revenue. The transaction is an important milestone in Modine’s previously announced plan to exit its Automotive business. The transaction is expected to […]
Balise Collision Repair Opens New Location in Massachusetts
Newest facility is the dealer collision repair facility operator’s third in Massachusetts and sixth in New England. Balise Collision Repair, part of Balise Motor Sales, announced the opening of a sixth collision repair center on November 2. The new facility, at 90 High School Road Extension in Hyannis, Mass., and is the group’s third location […]
CSN Adds Collision Repair Center to Network in Alberta
CSN Collision Centres announced an addition of CSN Strathmore to its network southern Alberta. CSN Strathmore Owner, John Carreon made the decision to join Team CSN in pursuit of a fresh start that promises to benefit the driving community of Strathmore. “We are a family-oriented business with close ties to our community, so it makes […]
IAA Announces Third Quarter Revenue Down 5.4%
IAA, Inc. (NYSE: IAA) announced consolidated revenues decreased 5.4% to $338.0 million from $357.3 million in the third quarter of fiscal 2019 that ended September 27. Foreign currency movements had a positive impact of less than $0.1 million on revenue for the third quarter of fiscal 2020. Third quarter revenue through July 2020 includes $1.1 […]
Sherwin-Williams Introduces New Solvent Refinish System
Sherwin-Williams, through its Automotive Finishes division, announced it recently introduced its Ultra BC8 Refinish System. European-designed for simplicity and accuracy, Ultra BC8 features a compact system with 65 toners delivering on both color intensity and brilliance. Sherwin-Williams complemented this new color system with its PREMIUM brand of powerhouse primer surfacers and sealers and show-quality clears. […]
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