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 […]
PPG Painter Certification Program Aims to Keep Technicians Up to Date
According to PPG (NYSE:PPG), advancements in automotive refinish technologies, combined with the growing number and complexity of original equipment manufacturer (OEM) special-effects vehicle finishes, make it critical that collision refinish technicians stay current with available training. To help refinish technicians stay up to date on the latest technology, PPG offers a comprehensive technician certification training […]
Washington State Insurance Commissioner Orders Unlicensed Adjuster to Cease Work, Pay $5,000 fine
Washington State Insurance Commissioner Mike Kreidler issued a cease and desist order against Rob Marinelli and Insurance Appraisal Services, in Bellevue, Wash. And levied a find of $5,000. Marinelli owns the IAS office in the Seattle area and has prepared automobile damage estimates since 1995 without a license. According to the Insurance Commissioner, in 2014 […]
ASA to Host Webinar July 27 on Telematics Policy
The Automotive Service Association’s (ASA) Washington, D.C., office will hold a webinar on the current state of telematics and new-technology policy at 1:30 p.m. EDT on July 27. Telematics refers to the connected car and, eventually, the autonomous vehicle that’s not far away. From the software used in instrumentation, backup sensors, adaptive cruise control, cameras […]
National Auto Body Council Members to Present Multiple Recycled Rides, First Responder Demos at NACE
The National Auto Body Council (NABC) announced it has scheduled multiple opportunities at NACE | CARS for repairers and others in the collision repair industry to personally experience the impact of its program initiatives and learn how they can collaborate with business partners to bring these community service programs into their local communities. NABC members […]
MSO Symposium Announces Final Program, Adds Insurer Panel for August 11 Event
The final program for the MSO Symposium, held during NACE, has been completed with the guidance of the MSO Advisory Board. Mike LeVasseur, Director of Corporate Development, ABRA Auto Body & Glass, returns as Master of Ceremonies for the Symposium. Executives representing MSO’s, multi-location and single location collision repair executives, and insurance professionals are invited […]
1Collision Network Acquires Direct Repair Shop Network
The 1Collision Network announced it has acquired the Direct Repair Shop Network (DRSN), a California-based network of quality collision repair shops. John Torchia, founder of DRSN said, “As I personally transition into a new segment within the collision repair Industry, I searched for a collision repair group that would be a viable option for the […]
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