Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE:KAR), announced the recent expansion of its branch in Culpeper, Va. The facility, located at located at 15201 Review Road, now encompasses 10 additional acres of usable property, presenting IAA with increased capacity to enhance operational capabilities. One of six locations in Virginia, […]
GEICO Names Beacom VP of Dallas Region; Measley to Head Dallas Claims Operations
GEICO has named Dan Beacom vice president of the company’s Dallas regional office. He will have responsibility and oversight for all day-to-day operations related to GEICO’s policyholders in 10 states: Texas, Oklahoma, Iowa, New Mexico, Colorado, Wyoming, Kansas, Nebraska, South Dakota and North Dakota. Prior to his new assignment, Beacom served as the Dallas region’s […]
Federal Insurance Office Announces Methodology for Monitoring Auto Insurance Affordability
The U.S. Department of the Treasury’s Federal Insurance Office (FIO) announced the adoption of a methodology for monitoring the affordability of automobile insurance. Title V of the Dodd-Frank Wall Street Reform and Consumer Protection Act authorizes FIO to monitor the extent to which traditionally underserved communities and consumers, minorities, and low- and moderate-income (LMI) persons […]
Mike’s Auto Body Acquires its 15th Location in Vallejo, Calif.
Mike’s Auto Body announced it recently acquired a 14,000 sq. ft. collision repair facility in Vallejo, Calif. The new center is the company’s 15th location and is located near Highway 29 in the heart of Vallejo’s auto district at 3211 Sonoma Blvd. “We are very excited about the Vallejo location, it complements our Napa, Fairfield […]
Honda Issues Collision Repair Position Statement Requiring Pre and Post Diagnostic Scans
Says all vehicles involved in a collision must have scans during the estimating process and following a collision repairs. American Honda Motor Co. Inc., has issued a position statement outlining requirements for both pre and post repair diagnostic scans of its vehicles for diagnostic trouble codes (DTC) since many do not illuminate any dashboard indicators. […]
Chloe Durante Named Editorial Assistant at Greco Publishing
Thomas Greco Publishing, Inc., publishers of Hammer & Dolly, New Jersey Automotive, New England Automotive Report, AASP-MN News and Wisconsin Automotive News, announced the addition of Chloe Durante as the company’s editorial assistant. A 2013 graduate of Montclair State University, Durante will assist Editorial Director Joel Gausten in developing editorial content for all of Greco […]
Property/Casualty Insurers Report $13.3B in Net Income after Taxes in First-Quarter 2016
Increases in catastrophe losses, higher combined ratios and declining investment income caused a 26.6 percent decline in net income from 2015. Private U.S. property/casualty insurers saw their net income after taxes fall to $13.3 billion in first-quarter 2016 from $18.1 billion in first-quarter 2015, a 26.6 percent decline, and their annualized quarterly yield on investments […]
Rhode Island Governor Vetoes Rental Car Unfair Claims Practices Legislation
Legislation sought to make it an unfair claim practice for an insurer to refuse to compensate a claimant for the loss of use of a damaged rental vehicle. Rhode Island Governor Gina Raimondo on Wednesday, July 13 vetoed legislation that sought to requires insurers to provide owners of damaged rental vehicles with loss of use […]
Enterprise Holdings Expands in Canada
Enterprise Holdings, Canada’s largest car rental company, is expanding its integrated transportation network with a new location near Union Station in downtown Toronto, and another office near Square One Shopping Centre in Mississauga. “We are excited about expanding our market and opening new locations in the heart of the financial sector across from Union Station, […]
Consumer Reports Calls for Tesla to Disable AutoPilot
“Consumers should never be guinea pig for vehicle safety ‘beta’ programs” In one of the most critical comments issued in the wake of Tesla’s announcement that the National Highway Traffic Safety Administration (NHTSA) was launching an investigation into the vehicle manufacturer’s Autopilot semi-autonomous driving feature following a fatal crash in May, Consumer Reports has called […]
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