Net income dropped 30.3 Percent in first nine months of 2017 following hurricanes and other catastrophe losses. The private U.S. property/casualty insurance industry saw its net income after taxes drop to $22.4 billion in the first nine-months of 2017 from $32.1 billion in the first nine-months of 2016-a 30.3 percent decline-and its overall profitability as […]
AASP/NJ and WMABA Release Northeast Trade Show Class Schedule
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) and the Washington Metropolitan Auto Body Association (WMABA) announced the full list of classes for the debut of Collision P.R.E.P. – Professional Repairer Education Program that featured 17 classes. Collision P.R.E.P. is headlined by Todd Tracy, the attorney in the recent John Eagle Collision case, […]
ICBC Blames CA$935 million in First Nine Months on Surge in Crashes
The Insurance Corporation of British Columbia (ICBC) yesterday reported a net loss of CA$935 million ($757.6 million) for the first nine months of our current fiscal year covering April 1 to December 31, 2017. According to ICBC, “This is obviously a sizeable and significant loss, and is further evidence of the growing financial pressures we […]
NHTSA Launches Drugged Driving Initiative and Announces March 15 Summit
The U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) announced it is launching a new initiative to combat drugged driving, a growing problem on U.S. roads. Driving under the influence of drugs (DUID) is against the law in all 50 states. With a national opioid epidemic and states legalizing marijuana, NHTSA is making […]
Australia’s AMA Group Confirms Discussions on Sale of Collision Repair Unit to Blackstone
Proposal values collision repair business at AU$530 million Following an article in the Australian Financial Review, Australia’s AMA Group Ltd. (ASX:AMA) confirmed that had received a proposal from Blackstone Private Equity for its collision repair centers. The AMA group owns more than 90 collision repair centers in Australia and New Zealand with reported sales of […]
AIA Canada Accepting Applications for Board of Directors Appointments
Every year, three or more Directors complete their term on the Automotive Industries Association (AIA) of Canada Board of Directors. It is the responsibility of the Nominating Committee to propose a slate of new Directors for consideration to the AIA Board of Directors and then to the entire membership at the Association’s Annual General Meeting […]
Delaware Approved for Veteran Adjuster Licensing Reimbursement Program
Delaware Insurance Commissioner Trinidad Navarro announced that the Delaware Department of Insurance has been approved by the Department of Veterans Affairs for reimbursement of licensing test fees. Veterans that successfully pass the exams for Insurance Producer and Adjuster licenses will now be reimbursed those fees. “This is an exciting announcement for the Department of Insurance. […]
Mother of 6 Receives Life-Changing Car Donation at NABC Annual Golf Fundraiser
National Auto Body Council members gave a Palm Springs single mother of six much to look forward to in 2018 when she received keys to a practically brand-new 2017 Toyota Camry. The vehicle presentation was a highlight of the National Auto Body Council’s (NABC) Annual Golf Fundraiser in Palm Springs last week. Proceeds from the […]
Diamond Standard Releases Crash Test Results of Honda Fit Bumper Reinforcements
Aftermarket parts manufacturer again demonstrates that its parts perform to OEM standards through testing. Diamond Standard Parts, the Tennessee-based manufacturer of non-OEM collision repair parts, released results of dynamic barrier sled-testing performed by MGA Research Corporation in December 2017 that compared the performance of an OEM Production Model bumper reinforcement (rebar), an OEM Service Rebar, […]
Collision Claims and Losses Down in Third Quarter Compared to Second
Auto physical damage indicators influencing the collision repair industry declined on a quarter by quarter basis for the first time in five years in the third quarter of 2017. Claims and losses continue above year ago levels. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private […]
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