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PPG Foundation Supports Australian Bushfires Relief Efforts

January 22, 2020 By CollisionWeek Editor

PPG (NYSE:PPG) announced initiatives to support Australian bushfire relief efforts. The company will donate $50,000 (AU$72,432) to the Australian Red Cross to assist with emergency relief efforts. PPG has also committed to matching employee donations up to $25,000 (AU$36,193) for a total contribution of $75,000 (AU$108,625). Locally, PPG employees in Australia are working with retail […]

Filed Under: News Tagged With: Australia, Disaster Relief, PPG Industries

AASP-MN Raises Over $14,000 to Support Scholarships at 18th Annual Race for Automotive Education

January 22, 2020 By CollisionWeek Editor

The Alliance of Automotive Service Providers of Minnesota (AASP-MN) held its 18th Annual Race for Automotive Education, January 14- 16, at ProKart Indoor Racing in Burnsville, Minn. The event raised over $14,000 to support the Alliance’s Automotive Education Fund and will fund scholarships for automotive students enrolled in ASE-accredited auto service and collision repair programs […]

Filed Under: News Tagged With: AASP-MN, Fundraiser, Workforce Development

Universal Technical Institute Partners with Pennsylvania Automotive Businesses to Launch Early Employment Initiative

January 22, 2020 By CollisionWeek Editor

Working with local transportation industry employers, Universal Technical Institute (UTI) in Exton, Pa., has launched its Early Employment initiative that blends post-secondary skills education with on-the-job, apprenticeship-type training. The Exton, Pa. campus provides both automotive and diesel training programs. The Exton campus is only the second of 12 campuses to offer the program. UTI started […]

Filed Under: News Tagged With: Pennsylvania, Universal Technical Institute, Workforce Development

Consumer Sentiment Steady in January

January 21, 2020 By CollisionWeek Editor

Consumer Sentiment Preliminary January 2020

Preliminary results show little change in consumer attitudes on the future of the economy. Expected household finances remain strong. Consumer sentiment remained virtually unchanged in early January at 99.1 down just 0.2 Index-points in the preliminary January release from the final December survey. According to the the University of Michigan, the stability extended to all […]

Filed Under: News Tagged With: Consumer Sentiment Index

Boyd Group Opens New Collision Repair Center in Colorado

January 21, 2020 By CollisionWeek Editor

The Boyd Group Inc. announced that it has opened a Gerber Collision & Glass repair center in Littleton, Colo. This location previously operated as a warehouse and office but has been converted to a state-of-the-art collision repair facility. Littleton is the county seat of Arapahoe County and included in the Denver metropolitan area with a […]

Filed Under: News Tagged With: Boyd Group, Colorado, Openings

Dismantlers Association Says California’s Underground Economy of Unlicensed Auto Dismantling Surging

January 21, 2020 By CollisionWeek Editor

Dismantlers

The State of California Auto Dismantlers Association (SCADA) is drawing public attention to the need to extend a highly effective DMV strike team program that was established to combat the underground economy of illegal auto dismantlers. This first in the nation program expired December 30 and could be extended provided legislation advances by January 24. […]

Filed Under: News Tagged With: California, Dismantlers, State of California Auto Dismantlers Association

Snapsheet and FRISS partner on Fraud Detection

January 21, 2020 By CollisionWeek Editor

FRISS announced a partnership with Snapsheet that will enable Snapsheet customers to benefit from seamless fraud detection, built directly into their core system and everyday workflows.  “We applaud Snapsheet’s ability to help carriers provide their customers with services at the speed they demand,” noted FRISS CEO and Co-founder Jeroen Morrenhof. “We’ve worked closely for several […]

Filed Under: News Tagged With: Agreements Signed, FRISS, Insurance Fraud, Snapsheet

Matthew Smith Named Executive Director of Coalition Against Insurance Fraud

January 21, 2020 By CollisionWeek Editor

Matthew J. Smith, Esq has been named executive director of the Coalition Against Insurance Fraud. Smith has served as the Coalition’s director of government affairs and general counsel since 2018. The Coalition is a nonprofit alliance of more than 200 consumer groups, insurers, government agencies and other organizations. The Coalition combats all forms of insurance […]

Filed Under: News Tagged With: Coalition Against Insurance Fraud, People

Property/Casualty Insurers Report Increase in Net Underwriting Gains in First 9 Months of 2019

January 17, 2020 By CollisionWeek Editor

Net Income after Taxes

Net income shows small decline, but industry has record Surplus of over $70 billion. The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in premiums and a drop in catastrophe losses, and its […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Profitability, Property Casualty Insurance, Verisk

New Mountain Capital Invests in Classic Collision

January 17, 2020 By CollisionWeek Editor

New Mountain Capital Invests in Classic Collision

Classic Collision, Inc., the Atlanta, Ga.-based multi-store operator (MSO) of 34 collision repair facilities in the Southeastern U.S., announced that it has partnered with New York-based New Mountain Capital, a growth-oriented investment firm with over $20 billion in assets under management. Terms of the transaction were not disclosed. Founded in 1983, Classic is currently the […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, Georgia, New Mountain Capital, Venture Capital

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