The Alliance for Automotive Innovation warned that the collapse of the Francis Scott Key Bridge in Baltimore, Md. will have an impact on the automotive business. “This is a terrible tragedy and our sympathies go out to those injured and still missing in Baltimore,” said Bozzella, president and CEO of Alliance for Automotive Innovation, in […]
Australia’s NRMA Insurance Data Shows 34% Spike in Animal Collisions in 2023
The latest data from Australia’s NRMA Insurance has revealed a 34% spike in claims due to animal collisions in 2023 compared to 2022. The sharp increase to 12,880 claims marks the highest number of incidents since 2019, a four-year high in accidents on Australian roads. NRMA Insurance is reminding drivers to be vigilant about wildlife […]
CCC Crash Course Report Details Labor Pressure and Vehicle Complexity Impact on Insurance and Collision Repair
The new quarterly report identifies macro trends, business drivers, and technologies impacting consumer driving, vehicle ownership, automotive claims, and collision repair. CCC Intelligent Solutions Inc. (CCC) today published its 2024 Crash Course Report highlighting the latest data, insights, and trends impacting the auto claims and collision repair industries. The report is available to download at […]
Crash Champions Acquires 2nd Collision Repair Center in Idaho
Crash Champions today announced the acquisition of Hoffman Auto Body in Boise, Idaho. Hoffman Auto Body is located at 3977 W. State St. and will transition operations to Crash Champions effective immediately. “We’re proud to continue quickly expanding the Crash Champions team across Idaho,” said Crash Champions Founder and CEO Matt Ebert. “The Hoffman Auto […]
Federal Legislation Introduced to Require Dealers to Repair Recalls on Used Vehicles Before Sale
U.S. Senators Richard Blumenthal (D-CT), Edward J. Markey (D-MA), and Elizabeth Warren (D-MA) introduced legislation today to ensure the safety and reliability of used cars. The legislation, the Used Car Safety Recall Repair Act, requires car dealers to repair any outstanding safety recalls in used cars prior to selling, leasing, or loaning them to consumers. […]
PGW Auto Glass Premieres SAAS Platform and New Branding
PGW Auto Glass has just launched a new logo and brand identity to coincide with the launch of everythingautoglass.com, a VIN decoding and point-of-sale software service focused on getting the correct auto glass solutions quickly and efficiently across the industry. The new logo, launched at a company event earlier this month, captures the spirit of […]
ASA Says FTC Proposed Rule on Unfair or Deceptive Fees Could Penalize Collision Repair Facility Operators for Supplements
Association suggests revisions to proposed rule that clarify supplements after repairs begin would not be a violation of the rule. The Automotive Service Association (ASA) commented on a Federal Trade Commission proposed rule that seeks to prohibit unfair or deceptive practices relating to fees on goods or services. In its Notice of Proposed Rulemaking (NPRM) […]
Crash Champions Acquires Collision Repair Center in Idaho
Crash Champions announced the acquisition of Addison Collision Repair in Twin Falls, Idaho. The collision repair center is located at 1196 Addison Ave. and will begin operating as Crash Champions effective today. “This is another proud step forward as we expand the Crash Champions brand and vision across the state of Idaho,” said Matt Ebert, […]
Underwriting Losses Persist in US Property/Casualty Industry Total $21.2 Billion in 2023
The U.S. property/casualty (P/C) industry recorded a $21.2 billion net underwriting loss in 2023, slightly improving upon the $24.9 billion loss recorded in 2022, according to a new AM Best report. These preliminary results are detailed in a new Best’s Special Report, titled, First Look: 2023 US Property/Casualty Financial Results, and the data is derived […]
Fisker Announces Negotiations with Large Automaker Terminated
Electric vehicle manufacturer Fisker Inc. (NYSE: FSR) announced today that negotiations with a large automaker for a possible transaction had been terminated by the vehicle manufacturer. In a filing with the Securities and Exchange Commission (SEC) today, Fisker stated, “After the market closed on March 22, 2024, Fisker Inc. received notice from the large automaker […]
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