Service King Collision Repair Centers announced the company has officially opened its 9th Georgia collision repair center at 1860 Buford Highway in Cumming, Ga. The facility has 15,500 feet of production space. “This is certainly an exciting start to the year as we march forward in our mission to be the collision repair operator of […]
BASF Presents Winner of 2018 Detroit Middlecott Sketchbattle
Shubham Singh, a student at the College for Creative Studies in Detroit, won the 2018 Detroit Middlecott Sketchbattle Experiment presented by BASF. Singh won $2,500 and a championship belt designed by Mob Steel. Introduced in 2012, the experiment is Detroit’s “Fight Club of Design,” an underground, automotive industry event developed to identify emerging car design […]
Axalta Reports Sales Up 7% in 2017
For the year, net sales were $4.35 billion, up 7.0 percent versus 2016, largely driven by acquisition contribution. Refinish up 4.7 percent in Q4 benefiting from currency translation. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the fourth quarter and full year ended December 31. Axalta reported net sales of $1,164.8 million for […]
Cost of Car Insurance in UK Costs 10% of a Young Driver’s Salary
Growth of injury claims and taxes drive higher costs for young people. All their salary for the year to date would go to pay auto insurance premiums. The Association of British Insurers (ABI) reported further evidence of the need to tackle rising motor insurance premiums – the cost of car insurance now gobbles up 10 […]
Service King Acquires Collision Repair Center in California
Service King Collision Repair Centers announced the company has acquired Izzie’s Body and Frame in West Sacramento, California. The repair center is located at 1120 Shore St. and, as part of the deal, will transition operations to Service King immediately. “We are proud to continue our steady growth across the state of California and particularly […]
Collision Repair Education Foundation Calls on Industry to Sponsor Student Uniforms
The Collision Centers of New York donates to Thomas Edison Career and Technical Education High School The Collision Repair Education Foundation (CREF) is asking collision repair businesses to support high school and college collision repair programs and their students for the 2018-2019 school year and sponsoring work uniforms. Uniforms will create a more professional learning […]
U.S. Average Length of Rental by Region Decreased in Fourth Quarter
According to the latest research from Enterprise Rent-A-Car, the collision repair industry’s length of rental declined in the quarter, but remained above 2016 for the full year. Average Length of Rental (LOR) for Q4 2017 landed at 12.4 days in the United States, a decrease of .1 days compared to Q4 2016. This produced a […]
AM Best Reports Personal Auto Insurance Underwriting Profitability Performed Better in 2017
The underwriting profitability of the U.S. personal auto line showed signs of improvement in 2017 as rate hikes have been effective against loss frequency and severity trends, according to a new A.M. Best report. The combined ratio for the U.S. private passenger standard auto composite (companies with private passenger auto net premiums written that constitute […]
UK National Body Repair Association Raises Concerns over Late Payments by Accident Management Companies
The National Body Repair Association (NBRA) has written to Small Business Commissioner Paul Uppal, to bring to his attention the impact that late payment culture is having on the UK economy, and the threat it poses to UK bodyshops every year. “The body repair sector is an industry that has been severely hampered by the […]
Insurance Associations Send Joint Letter to State Insurance Commissioners on Federal Tax Changes Impact on Insurance Rates
The American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) issued a letter to state insurance commissioners responding to the Consumer Federation of America (CFA) and the Center for Economic Justice’s (CEJ) claims about the federal Tax Cut and Jobs Act and how it may impact insurance rates. In a letter sent […]
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