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 […]
CARSTAR Adds Four Collision Repair Centers in Pennsylvania, Two in Missouri to its Network
CARSTAR Auto Body Repair Experts announced that Legacy Autobody Group, with four locations in Eastern Pennsylvania joined its network. The owners are Matt Dewalt, Eric Horvath, Michael Horvath and Robert Horvath. The four facilities include: CARSTAR Easton- Scott’s Collision; CARSTAR Stroudsburg- Scott’s Collision; CARSTAR Allentown- Duncan Autobody; CARSTAR Quakertown- Duncan Autobody Legacy Autobody was formed […]
ASA-Massachusetts/Rhode Island Sponsors Big Game Score Contest
Winner can win ASA-MARI membership for a year The Automotive Service Association of Massachusetts & Rhode Island (ASA-MARI) is sponsoring a “Guess the Score” contest that is open to members and non-members alike. Whoever correctly predicts the final score of the game between the New England Patriots and Philadelphia Eagles on Sunday, February 4, will […]
California Collision Repair Anti-Steering and Labor Rate Bill Dies in Committee
After failing to advance out of committee, the legislation officially died at the end of January. After failing to advance out of a hearing on January 18 of the California Assembly Appropriations Committee, Assembly Bill 1679 (AB 1679) officially died on January 31. The bill sought to overturn California Department of Insurance (CDI) anti-steering and […]
Sugato Chattopadhyay Named Director of IT at UpdatePromise
UpdatePromise announced the recent addition of Sugato Chattopadhyay, who will act as the company’s new Director of IT. Chattopadhyay joins the UpdatePromise team with over 25 years of Global IT experience with Companies such as HP, Apple, Cognizant and Accenture. Chattopadhyay will leverage his knowledge and experience in areas such as artificial intelligence, blockchain and […]
People’s Insurance Company of China Provides Its First CAPA Certified Collision Repair Parts
The Certified Automotive Parts Association (CAPA) announced that the People’s Insurance Company of China Limited (Group – PICC Property & Casualty Ltd.), the largest property and casualty insurer in China, recently made over 150 CAPA Certified part numbers available. PICC concurrently announced the establishment of their e-commerce platform to facilitate distribution of these parts in […]
Traffic Volume Increased in November
November traffic grew 1.1 percent for the month compared to 2016. Travel volume in November continued to increase, though at a smaller rate than experienced in the U.S. in recent years. The growth is continuing the trend of increased driving that supports higher collision repair industry volume and auto physical damage insurance claims across the […]
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