American Pacific Group (APG), a San Francisco-based private equity firm, announced today that, together with Allam Taj and Christoph Ganz of Gray Eagle Capital Partners, it has formed Aesop Auto Parts, a company that will serve as a platform to acquire and grow progressive auto recycling businesses. Simultaneously, Aesop acquired Wayne Auto Salvage, an established […]
Insurance Institute for Highway Safety Partners with Governor’s Highway Safety Association and National Road Safety Foundation to Pilots to Reduce Speeding
After rise in speeding during pandemic, groups launch initiatives to slow drivers down. Three national roadway safety organizations — the Governors Highway Safety Association (GHSA), Insurance Institute for Highway Safety (IIHS) and National Road Safety Foundation (NRSF) — are partnering to fund and evaluate pilot projects by two states to reduce speeding. Maryland and Virginia […]
Service King Supports 844 Teammates During Pandemic Through President’s Fund
When unforeseen, pandemic-related challenges affected Service King Collision’s employees in 2020, the company was eager to show their support for teammates through the collision repair facility operator’s President’s Fund. In 2010, Service King established the President’s Fund, the organization’s very own 501(c)(3) that serves as a resource for team members experiencing an unexpected or unusual […]
Former Microsoft CFO and Investor John Connors Joins Tractable Board
Tractable announced that former Microsoft CFO and Ignition Partners Managing Partner, John Connors, has joined its Board of Directors. Connors brings over 30 years of experience as a builder, leader and advisor of high-growth companies in North America. At Microsoft, he led several worldwide divisions, including finance, information technology, worldwide operations and the enterprise sales […]
GEICO Auto Policies in Force Up Over 4% in 2020
Written premiums down 3% due to coronavirus rebates, collision claims down 23-24%. On February 27, Berkshire Hathaway Inc. reported its fourth quarter and full year earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company, GEICO’s pre-tax underwriting earnings for 2020 reflected significant declines in losses […]
Mitchell and Claim Genius Partner for AI-Enabled Claims Processing
Mitchell today announced that Claim Genius’ artificial intelligence (AI) can now be accessed through the Mitchell Intelligent Open Platform (MIOP). This allows U.S. and Canadian carriers to use Mitchell Intelligent Estimating with Claim Genius computer vision algorithms—automatically producing partial or complete estimates from photos and videos of damaged vehicles. Introduced in 2019, Mitchell Intelligent Estimating […]
Bret Runyon Joins Spanesi Sales and Technical Training Team
Spanesi Americas, Inc. announced the addition of Bret Runyon to the role of Sales and Training Specialist. Runyon, a graduate from Southwestern Community College with an associate degree in Automotive Collision Repair and Refinish, has over 30 years of collision repair facility experience. Runyon worked his way up from entry-level positions to become a manager […]
Women’s Industry Network Opens Registration for Collision Repair Student Scholarship Walk Fundraiser
The Women’s Industry Network (WIN) has opened registration for its annual Scholarship Walk fundraiser. This year, WIN has given participants from April 18 – May 2, to walk for the fundraiser, which will be held in a virtual format: instead of a set time, usually at WIN’s annual Education Conference, all contributors can walk when […]
Linda Massman Joins Caliber Board of Directors
Caliber announced the appointment of Linda K. Massman to its Board of Directors, effective March 1. Massman, the former President and Chief Executive Officer of Clearwater Paper Corporation and a former top executive at Supervalu, Accenture, and Ralphs Grocery, brings a well-established record of business accomplishments to Caliber’s Board of Directors. She joins as the […]
Consumer Sentiment Declined in February
Improved job prospects top concern of consumers. The relatively small recent loss in consumer confidence in February was concentrated among households with below median incomes, and focused on future economic prospects, according to the University of Michigan Surveys of Consumers. The worst of the pandemic may be nearing its end, but few consumers anticipate the […]
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