Latest statistics from the National Association of Insurance Commissioners indicates that the percentage of premiums going to pay losses has increased. Data contained in the National Association of Insurance Commissioners (NAIC) report on profitability by insurance line in 2015, released this month, illustrates the increasing percentage of underwriting dollars going to pay claims on auto […]
Property/Casualty Insurers Report $1.7 Billion Net Underwriting Loss in First Nine-Months 2016
Third quarter net income was $10.1 billion in third-quarter 2016. Private U.S. property/casualty insurers suffered a $1.7 billion net underwriting loss in the first nine months of 2016—compared to a $7.3 billion net underwriting gain in nine-months 2015—and experienced a drop in net income after taxes to $31.8 billion from $44.1 billion a year earlier, […]
3D Opens 30,000 sq. ft. Collision Repair Facility in Conshohocken, Pa.
David Niestroy, president of 3D Auto Body & Collision Centers, announced the opening of the nearly year- long build of 3D’s newest facility featuring Symach equipment on January 10th in Conshohocken, Pa. 3D’s largest facility, and the largest shop featuring Symach in North America, opened its doors after the almost year-long project which completely transformed […]
Maaco Location in Aston, Pa Re-Opens Under New Management
Maaco has opened its doors once again in Aston, Pa. and is under new management. John Terrizzi, Jr., operates two other Maaco shops in the Commonwealth. “Since I was a child and saw a photo of my father and uncle standing next to a mint condition Model T Ford they restored, I knew this was […]
I-CAR Australia Welcome Fix Auto as Corporate Member
Mark Czvitkovits, CEO of I-CAR Australia, announced that Fix Auto Australia has joined the organization as a Corporate Member. Czvitkovits said, “Fix Auto not only joined as a Corporate Member, but has also indicated its willingness to engage I-CAR to assist in providing the necessary skills and training for its network.” Terry Feehan, Head of […]
MSO Symposium Announces Advisory Board for 2017
The MSO Symposium announced its 2017 Advisory Board following a meeting of industry executives and ASA staff and board members. This year’s Advisory Board members include: Paul Gange, Fix Auto, President & COO, Chair of MSO Symposium Marcy Tieger, Symphony Advisors, LLC., Principal Vince Romans, The Romans Group, Managing Partner & CEO Mike LeVasseur, ABRA […]
AASP/NJ’s 40th Annual NORTHEAST Trade Show Features Shop Certification Forums
Following the success of last year’s “Body Shop Certification and You” discussion panel at NORTHEAST 2016, the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) is expanding the discussion to a four-session series to gain perspectives from all parties involved in the repair certification process: The OEMs, the tooling and equipment providers, and the shops themselves. […]
Ford Launches Aftermarket Mechanical Parts Brand
Ford will sell common mechanical service replacement parts for non-Ford vehicles. Ford Customer Service Division announced it has launched Omnicraft, an all-new brand of replacement parts for all makes of non-Ford vehicles. Ford dealers now have access to a complete family of parts to sell and to service all makes of vehicles as the Ford […]
Solera Holdings Acquires Digital Identity Protection Provider
Solera Holdings, Inc. today announced it has acquired Digidentity B.V., a provider of next-generation technologies that secure and authenticate online identities. “In today’s hyper-connected world, identity verification will become an increasing part of every transaction, allowing more confidence and transparency about who really is on the other end,” said Tony Aquila, Solera’s Founder, Chairman and […]
Auto Body Express Chosen as Betag Flatliner Distributor
Auto Body Express, a PBE distributor with seven stores in the greater Tampa Bay and Florida Suncoast region, was chosen the distributor of the Betag Flatline ABE President Robert Watson says, “Too many body panels are being replaced today. Many insurance companies are grading body shops on their repair versus replace ratio. With Betag’s product […]
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