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GEICO Reports Collision Claims Frequencies Were Down 24-26% in First Half of 2020

August 10, 2020 By CollisionWeek Editor

GEICO’s underwriting results

Collision severity up for first half. Overall premiums written were down 7% in the quarter and 1.1% for first six months. On August 8, Berkshire Hathaway Inc. reported its second quarter earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company’s quarterly report, GEICO generated pre-tax […]

Filed Under: News Tagged With: Berkshire Hathaway, Claim Frequency, Claim Severity, Earnings, GEICO

Fix Auto Canada Adds Collision Repair Center to Network in British Columbia

August 10, 2020 By CollisionWeek Editor

Fix Auto Canada announced the opening of a second Fix Auto location in Victoria, BC. on Millstream Road. Owner Ian Franklin is excited to expand his operations on Vancouver Island following the success of his first location in Victoria, Fix Auto West Shore. Franklin has owned and operated the West Shore facility for the past […]

Filed Under: News Tagged With: British Columbia, Canada, Fix Auto Canada, Network Affiliations

Automotive Recyclers Association November 11-14 Annual Convention Will Be Virtual

August 10, 2020 By CollisionWeek Editor

The Automotive Recyclers Association (ARA) announced today that the upcoming 77th Annual Convention & Exposition will be a 100 percent virtual event.  Originally scheduled to take place November 11-14 in person at the Peppermill Resort & Cason in Reno, Nev., Association leaders decided last week to transition into an all virtual event due to ongoing […]

Filed Under: News Tagged With: Annual Conference, Automotive Recyclers Association

IADA Plans August 28 Webinar

August 10, 2020 By CollisionWeek Editor

The Independent Automotive Damage Appraisers Association (IADA) announced that following the success of the Auto Appraiser Summit on July 24, it will be presenting another webinar on Friday, August 28 at 3 p.m. (EDT) featuring more presentations on the latest in the industry. Registration for the event is available online. Presenters for the event include: […]

Filed Under: News Tagged With: Independent Auto Damage Appraisers, Webinars

Automechanika Dubai Rescheduled to June 2021

August 10, 2020 By CollisionWeek Editor

Messe Frankfurt Middle East confirmed Automechanika Dubai’s 18th edition, which was originally postponed to run in October 2020, will instead take place from June 7-9, 2021 at the Dubai World Trade Centre. The three-day event in 2019 featured 1,880 exhibitors from 63 countries, while drawing in 32,750 trade visitors from 146 countries, underlining its international […]

Filed Under: News Tagged With: Automechanika, Coronavirus

U.S. Gasoline Consumption Down Over 2% for Week Ending July 31

August 7, 2020 By CollisionWeek Editor

Fuel Consumption Gas Pump

After increasing the previous week at the largest rate in six weeks, week-on-week gas supplied to the U.S. market declined for the third time in four weeks. The latest data from the U.S. Energy Information Administration (EIA) showed gasoline consumption was down for the week ending July 31. The result comes after an increase for […]

Filed Under: Research Tagged With: Gasoline Demand

Dan Clapp from Shelter Insurance Takes Over as Chair of IIHS Board

August 7, 2020 By CollisionWeek Editor

Dan Clapp, of Shelter Insurance Companies, has assumed leadership of the Insurance Institute of Highway Safety (IIHS) Board of Directors for the remainder of 2020 and all of 2021. Clapp, executive vice president at Shelter, took over as chair in July as planned, following six months as chair-elect. Angela Sparks, vice president and actuary at […]

Filed Under: News Tagged With: Board of Directors, Insurance Institute for Highway Safety, People, Shelter Insurance Companies

NOAA Warns of Extremely Active Atlantic Hurricane Season

August 7, 2020 By CollisionWeek Editor

NOAA urges preparedness as we enter peak months for hurricane development. Atmospheric and oceanic conditions are primed to fuel storm development in the Atlantic, leading to what could be an “extremely active” season, according to forecasters with NOAA’s Climate Prediction Center, a division of the National Weather Service. Yesterday, the agency released its annual August […]

Filed Under: News Tagged With: NOAA

MSO Symposium Going Virtual with Daily Sessions November 9-13

August 6, 2020 By CollisionWeek Editor

The Automotive Service Association (ASA) announced that the 9th Annual MSO Symposium will still take place the week of Nov. 9.  MSO Symposium Week will take place from Monday, Nov. 9 and conclude on Friday, Nov. 13. The event will contain the same style sessions as in previous years but will be delivered in single-session […]

Filed Under: News Tagged With: MSO Symposium, Webinars

ProColor Collision Adds First Collision Repair Center to Network in Ontario

August 6, 2020 By CollisionWeek Editor

The Fix Network announced that it has begun expanding the ProColor Collision brand across Canada with its first location outside of Quebec now open in Hamilton, Ontario, Canada. Fix Network acquired ProColor Collision in September 2019 with a vision to expand the brand outside of Quebec where it has more than 175 locations. An additional […]

Filed Under: News Tagged With: Canada, Fix Network Canada, Network Affiliations, Ontario, ProColor Collision

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