CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) posted second-quarter revenue of $260.5 million, a 12% increase from the prior year, as several major insurance customers moved beyond pilot programs to broader deployments of the company’s AI-powered solutions. The Chicago-based software provider also reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $108.1 million, […]
GEICO Reports $11.1 Billion Premiums Written in Second Quarter
Premiums written up 5.2% in Q2, 5.9% for first half. Loss ratio improves despite increased claim severity. Berkshire Hathaway reported its second quarter 2025 earnings on Saturday, August 2, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings reached $1.821 billion in the second quarter of […]
Genstar Reported Exploring Potential $5 Billion Sale of OEConnection
According to a report by Reuters today, private equity firm Genstar Capital is considering the sale of OEConnection that could value the provider of ecommerce tools for collision repair parts and OEM certified repair network management at up to $5 billion. According to Reuters report, Genstar has engaged investment bankers to advise on a potential […]
Spaces Filling Fast for AASP/NJ September 16 Golf Tournament
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) reports that spaces are filling fast for its 18th Annual Lou Scoras Memorial Golf Outing on September 16 at Knob Hill Golf Club in Manalapan. The association is urging the industry to reserve their spot to participate soon. Registration information is available online. The tournament […]
ADAS Depot Partners with TRAK on Calibration Software Platform
ADAS Depot announced it has partnered with TRAK, developed by ADAS Safe, to launch a software platform designed to streamline calibration processes for Advanced Driver Assistance Systems (ADAS) in vehicles. The platform centralizes ADAS workflow management, including calibration identification, scheduling, quoting, work orders, manufacturer documentation and invoicing. TRAK’s Calibration Mapper feature identifies required calibrations from […]
Collision Claims and Losses Continued Down Trend in First Quarter Compared to Last Year
Quarterly collision claims counts have been down versus the previous year for two years. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the decline in collision claims continued as claims on a quarterly basis were down for the eighth consecutive quarter compared to the previous year. […]
Ford Releases Summer 2025 On Target Magazine
Ford Motor Co. has released the summer 2025 edition of its On Target magazine, providing collision repair shops with technical information on vehicle repairs and industry updates. The quarterly publication includes details on the renovated Ford Paint and Body Technology Center in Inkster, Mich., repair guidelines for the 2025 Ford Expedition, corrosion protection processes and […]
Illinois Secretary of State Launches Auto Insurance Rate Reform Campaign
Illinois Secretary of State Alexi Giannoulias launched a statewide campaign July 29 aimed at restricting insurance companies from using socioeconomic factors in auto insurance pricing, drawing immediate opposition from industry groups. The “Driving Change” campaign targets the use of credit scores, ZIP codes and age in rate-setting, with Giannoulias arguing that driving records should be […]
SEMA Show to Offer Free Training Sessions in Eight Education Tracks
The 2025 SEMA Show will feature a redesigned education program with free training sessions for automotive industry professionals when the trade show runs November 4-7 in Las Vegas, Nev. The SEMA Education Program will be held in the North Hall of the Las Vegas Convention Center offering sessions across eight specialized tracks. “We invite all […]
CAPA Adds Three Board Members, Names Interim Leadership
Clark Plucinski, chair of the nonprofit standard setting organization for the last 14 years, has stepped down from the role and will serve as immediate past chair. The Certified Automotive Parts Association elected three new board members and appointed interim leadership positions, the automotive parts certification organization announced Wednesday. Mike Dolabi of Parts Authority, Seth […]
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