Verisk reports say gig-economy commercial auto risk and targeted auto theft reshaping loss patterns Personal auto claims volume declined nearly 3% in 2025, extending a two-year slide, according to Verisk’s annual insurance claims trends report released April 14. The drop follows a roughly 5% decrease in 2024. The Verisk data surfaces two trends beyond the […]
AkzoNobel to Sell Pakistan Subsidiary to Packages Group in €50 Million Deal
AkzoNobel has signed an agreement to sell Akzo Nobel Pakistan Limited to IGI Investments (Pvt.) Limited, part of Pakistan-based conglomerate Packages Group, in a transaction valued at 16.2 billion Pakistani rupees, or €50 million ($58.9 million). The deal represents an EV/EBITDA multiple of 14x. The Pakistan divestment is the next move in AkzoNobel’s strategic portfolio […]
AIA Canada Names Three New Directors, Installs Fountain Tire CEO as Chair
The Automotive Industries Association of Canada elected three new directors to its board and installed Fountain Tire CEO Jason Herle as chair during the association’s 84th annual general meeting, held virtually April 16. The incoming directors are Daryll O’Keefe, vice president of North American strategic business development at Fix Network; Sabrina Thring, brand president of […]
Three Sentenced in California “Operation Bear Claw” Insurance Fraud Scheme
Three Los Angeles, Calif.-area residents have been sentenced for their roles in an insurance fraud scheme that used a person in a bear costume to stage fake animal attacks on luxury vehicles, the California Department of Insurance announced April 16. The defendants submitted claims to three different insurers for interior damage to a 2010 Rolls […]
PPG Begins Global Price Hikes of Up to 20% Across Coatings Portfolio
PPG has begun raising prices by up to 20% on its paints, coatings and specialty products worldwide including automotive refinish, citing sharp cost inflation for raw materials, energy, logistics and packaging across the coatings supply chain. The Pittsburgh, Pa.-based coatings maker, which reported net sales of $15.9 billion in 2025, said April 15 that the […]
Gas Prices Edge Lower as U.S.-Iran Ceasefire Pulls Crude Below $100
The national average price for a gallon of regular gasoline fell 7 cents over the past week to $4.09, the first weekly decline since Middle East conflict began driving pump prices sharply higher in early March, AAA reported April 16. West Texas Intermediate crude oil has continued to trade below $100 a barrel following the […]
Caliber Launches 15th Annual Food Drive with Goal of 8.5 Million Meals
Caliber launched its 15th annual nationwide food drive, setting a goal of 8.5 million meals to support more than 215 food banks across the United States. The campaign runs from April 13 through May 29 at all Caliber Collision locations and online at CaliberFoodDrive.com. The company is accepting both non-perishable food and monetary donations. The […]
CCC Introduces Consumer Financing Solution for Collision Repair Facilities
CCC Intelligent Solutions Inc. (NASDAQ:CCC) today announced the availability of consumer financing within the CCC ONE platform. Through a new integration with Sunbit, a financial technology company building solutions for real life, collision repair shops can now offer their customers flexible financing options to cover repair costs or insurance deductibles. The capability is designed to […]
CIECA May 7 Webinar to Examine Blockchain Use by Auto Insurers
The Collision Industry Electronic Commerce Association (CIECA) will host a free webinar on the evolution of blockchain technology and its use by auto insurers on Thursday, May 7, at 2 p.m. (EDT). The one-hour live broadcast, “The Evolution of Blockchain and How Insurers Are Leveraging the Technology,” will feature Eric Phillips, senior director of product […]
Charlie Hogarty, Former Keystone Automotive CEO and Aftermarket Parts Pioneer, Dies at 84
Charles J. “Charlie” Hogarty, the former president and chief executive officer of Keystone Automotive Industries, Inc. who spent more than four decades helping build the aftermarket collision parts industry into a nationally competitive alternative to OEM parts, died April 4, at his home in Altadena, Calif., after what his family described as a courageous battle […]
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