Asirom Vienna Insurance Group and Solera announced that the Romania-based insurers is using Solera’s Qapter artificial intelligence in the underwriting process for the Asirom’s CASCO car insurance product. Asirom VIG is the first company in Romania and one of the first in Europe to use artificial intelligence (AI) in the risk inspection process for the […]
Maaco Recognizes the Many Women Who Find Success Within it Network in Honor of International Women’s Day
In the automotive repair and painting industry where the roles have been predominately male, many women throughout the Maaco family have found successful careers as owners, managers, estimators and technicians. Today is International Women’s Day and March is Women’s History month. Joe and Aundrea Taormina, owners of J&A Companies Inc., purchased 19 Maaco locations in […]
Gasoline Consumption and Mobility Increased After February Storms
After declining the week winter storms hit at highest rate since April, gasoline consumption bounced back at third highest rate since May’s recovery began. Dallas Fed Mobility Index at best level since start of pandemic. The impact of severe winter storms that caused widespread power outages in Texas and hazardous driving conditions elsewhere impacted mobility […]
CCC Reports 50% Increase in AI Adoption by Auto Insurers in 2020
CCC Information Services (CCC) reported a more than 50 percent year-over-year increase in claims processed using deep learning. The company also reports that more than 5 million unique claims have been processed using a CCC deep learning AI solution, and the number of claims using two or more of its AI applications has more than […]
NABC Presents Donations in Honor of Award Recipients
As part of the revamped National Auto Body Council (NABC) Awards Program in celebration of its 25th anniversary, the NABC introduced two new awards in place of the previous ones – the NABC President’s Award and the NABC Changing and Saving Lives Award. Along with the trophy and industry recognition, the NABC also announced it […]
Axalta Introduces Spies Hecker Waterborne System, Opens Regional Refinish Training Center in China
Axalta (NYSE:AXTA) announced the launch of its Spies Hecker Waterborne Full System, its latest full-layer waterborne solution for refinish customers in the Chinese market. The announcement was made during the grand opening ceremony on March 3 of its Southern Refinish Training Centre (RTC) in Guangzhou. The new auto refinish coating system brings world-class technology to […]
LexisNexis Risk Solutions Introduces Verified Data Solution to Streamline Total Loss Claims
LexisNexis Risk Solutions announced the development of LexisNexis VINsights that will improve the total loss claims management process by reducing the time it takes to settle a claim. VINsights will deliver the information an adjuster needs in near real-time, including the registered owner name, titled owner name and lienholder data. Lienholder data includes lien payoff […]
Interview: Atul Vohra, Solera
In our video interview, Vohra, regional managing director for Solera, details the results of its consumer, insurer and repairer research on artificial intelligence and claims technology. In February, Solera released results of a study of over 1600 consumer, insurance and repairer respondents on how digital technologies such as artificial intelligence and self-service claims apps are […]
Private Equity Firm American Pacific Group and Gray Eagle Capital Partners Launch Aesop Auto Parts with Wayne Auto Salvage Acquisition
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 […]
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