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American Family Reports Auto insurance Combined Ratio of 112.6

March 7, 2018 By CollisionWeek Editor

Strong growth, record storm claims highlight 2017 for American Family Insurance Group According to American Family Insurance during a record-high storm year, the insurance group ended the year with more than 10.5 million policies in force and achieved solid increases in policyholder equity, premium growth across operating companies, investment gains and customer satisfaction. Bolstered by […]

Filed Under: News Tagged With: American Family, Earnings

Tracy Thompson Named New Jersey Insurance Fraud Protector

March 7, 2018 By CollisionWeek Editor

New Jersey Attorney General Gurbir S. Grewal today announced that three longtime public servants will assume the leadership of key Divisions within the Department of Law and Public Safety. Michelle Miller will lead the Division of Law, Veronica Allende will serve as the Director of the Division of Criminal Justice, and Governor Murphy will nominate […]

Filed Under: News Tagged With: Insurance Fraud, New Jersey, People

CCC Releases Crash Course Report

March 7, 2018 By CollisionWeek Editor

Annual report examines the impact of AI and emerging technologies on how vehicles are bought, driven, insured, and repaired CCC Information Services Inc. and its affiliates (CCC) announced the availability of its 2018 Crash Course, an in-depth report that focuses on the trends and business drivers impacting the automotive industry. The 2018 report examines the […]

Filed Under: News Tagged With: CCC, Crash Course

Nevada Raises Minimum Vehicle Liability Insurance Coverage Requirements

March 7, 2018 By CollisionWeek Editor

The Nevada Division of Insurance announced it has partnered with the Nevada Department of Motor Vehicles, Nevada Highway Patrol and the Nevada Insurance Council (NIC) to inform Nevada consumers of a new law that will increase the minimum vehicle liability insurance to be in compliance with the law and avoid paying penalties. Collision repairers have […]

Filed Under: News Tagged With: Auto Insurance, Nevada

CollisionWeek Operations Impacted by Northeast Storm

March 6, 2018 By CollisionWeek Editor

Updated: Friday, March 9, 2018 1:15 p.m. EST CollisionWeek’s operations continue to be impacted by the Nor’easter that hit Pennsylvania on March 2 and second storm on March 7. Electricity was restored late Thursday, March 7. Telephones are working sporadically. One of our two redundant internet connections has been restored but is degraded. We are […]

Filed Under: News

Fix Auto Medicine Hat Under New Ownership

March 6, 2018 By CollisionWeek Editor

Fix Auto Canada announced the sale of its franchise collision repair center in Medicine Hat, Alberta and welcomed a new ownership team to the network. Pat Quinlan, President of the Sun City Ford Ltd. ownership group has added the Fix Auto location in Medicine Hat, Alberta to their portfolio. This location has been part of […]

Filed Under: News Tagged With: Acquisitions, Alberta, Canada, Fix Auto Canada

Intertek Licenses CAPA Certification Program

March 2, 2018 By CollisionWeek Editor

Jack Gillis retires as CAPA executive director. Intertek becomes CAPA’s certifying body globally. The Certified Automotive Parts Association (CAPA), the non-profit, standard setting and certification organization for non-OEM parts, and Intertek, have entered into a license agreement, granting Intertek exclusive rights to operate the CAPA certification program around the world. “Given CAPA and Intertek’s over […]

Filed Under: News Tagged With: Agreements Signed, Certification, Certified Automotive Parts Association, Intertek, Non-OEM Parts

Snapsheet Expands to Canada

March 2, 2018 By CollisionWeek Editor

Aviva Canada is Snapsheet’s first Canadian partner Snapsheet has expanded to Canada by partnering with insurer Aviva Canada. “We’re thrilled to expand our services to the Canadian market with a partner who works to provide cutting-edge solutions to its customers,” said Brad Weisberg, Snapsheet’s CEO and founder. “Aviva is an industry leader who shares our […]

Filed Under: News Tagged With: Agreements Signed, Aviva Canada, Canada, Photo Estimating, Snapsheet

CIF Raised Over $59,000 at 8th Annual Gala Fundraiser

March 2, 2018 By CollisionWeek Editor

The Collision Industry Foundation (CIF) announced that its 8th annual Gala Fundraiser in Palm Springs, Calif. in January raised over $59.000 to support its Collision Industry Relief Fund. The Fund assists collision repair professionals who have lost their livelihoods from a natural disaster or other catastrophe. Most recently the fund supported flood victims in Houston/Texas […]

Filed Under: News Tagged With: Collision Industry Foundation

Australia’s AMA Group Added 14 Collision Repair Centers in First Half

March 2, 2018 By CollisionWeek Editor

Revenue Up 27.4 percent in first six month of fiscal year to December 31. Costs of Blackstone Private Equity due diligence over AU$900,000 Australia’s AMA Group Ltd. (ASX:AMA) reported its results for the first six months of its Fiscal year that ended December 31, 2017. The firm reported revenue of AU$228.356 million ($176.9 million) for […]

Filed Under: News Tagged With: Acquisitions, AMA Group, Australia, Blackstone Group, Earnings, Private Equity

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