Fix Auto UK announced that it has acquired its first wholly owned independent collision repair center with the purchase of Daventry Panel Craft Ltd, a 10,000 sq. ft. facility that will become Fix Auto Daventry. The decision follows Fix Auto UK’s announcement last summer that revealed it had taken a majority share in existing franchisee […]
AM Best Report Personal Auto Insurers Combined Ratio Improves
Severity continues to increase, but frequency growth has leveled. The U.S. private passenger auto segment has experienced a turnaround after weakened performance in 2015-2016, as rate actions and underwriting initiatives resulted in a 3.8-point year-over-year improvement in the sector’s combined ratio in 2017, as well as a 4.7-point loss ratio reduction through third-quarter 2018, according […]
Copart Expands its Chicago South Location
Copart, Inc. (NASDAQ:CPRT) announced it added 44 acres to its Chicago South facility located at 89 E. Sauk Trail, in Chicago Heights, Ill. With this expansion, the facility is now 80-acres allowing Copart to accommodate the growth it is experiencing in this market. “This expansion is a great win for our business and helps grow […]
CARS Cooperative Partners with asTech
The CARS Cooperative announced it has partnered with Repairify, Inc., the makers of the asTech diagnostic device, offering vehicle diagnostic and calibration services to its more than 700 locations in the United States. Through this preferred partnership, CARS Cooperative members will be able to offer customers and insurance partners’ vehicle electronics diagnostic and calibration services […]
Interview: Aaron Lowe, Senior Vice President, Regulatory & Government Affairs for the Auto Care Association
In our telephone interview, Lowe discusses the factors driving legislation to revamp Massachusetts Right to Repair law. In 2012, Massachusetts passed a Right to Repair law governing independent repairer and supplier access to the information necessary to repair consumer’s vehicles. As a result of that law, vehicle manufacturers and supporter of the Right to Repair […]
Boyd Group Acquires Collision Repair Center in Guelph, Ontario
The Boyd Group Inc. announced that on March 15, it acquired a a collision repair center in Guelph, Ontario, Canada. Guelph is the fourth-largest City in Southwestern Ontario. The new Assured Automotive brand location previously operated as Majestic Collision. “We are very excited to add this location, which has served the Guelph market well for […]
Canadian Collision Industry Accreditation Program Adds Over 300 Collision Repair Shops in Quebec
The Canadian Collision Industry Accreditation Program (CCIAP) and the Corporation des carrossiers professionnels du Québec (CCPQ) announced that since the start of their partnership in October 2018, over 300 collision repair shops in the province of Quebec have registered with CCIAP. The CCIAP, launched in 2016, accredits collision repair facilities against a collection of standards, […]
NASTF Spring General Meeting May 2 to Examine Young Technician On-Boarding
The National Automotive Service Task Force (NASTF) announced its spring general meeting will be held on Thursday, May 2 from 9 a.m. – 12 p.m. at the Hilton Charlotte University Place Hotel in Charlotte, N.C. The NASTF meeting is co-located with The Equipment and Tool Institutes (ETI) Annual ToolTech Conference taking place from April 29 […]
Insurance Auto Auctions Invests in Innovation Hub
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE:KAR), announced its investment in an innovation hub at 1871, the largest technology incubator in North America, located in Chicago’s Merchandise Mart. IAA Engine House will serve as an ideation and development center where employees can collaborate with educators, investors, mentors, technologists, buyers […]
Just 3 of the Top 10 Largest Auto Insurers Grew Market Share During 2018 in the U.S.
Overall market share of 10 largest private passenger auto insurers in the U.S. slightly down compared to 2017. For the first time in six years, the 10 largest private passenger automobile insurers saw their market share decline slightly in 2018 compared to the previous year. The top 10 insurers accounted for 72.17 percent of premiums […]
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