Suncorp Group announced it has acquired full ownership of the ACM Parts joint venture after purchasing that stake owned by LKQ Corporation (NASDAQ:LKQ), Suncorp’s partner in the joint venture. Originally announced in August 2013, the ACM Parts joint venture brought together the US-based non-OEM and recycled parts supplier with Australia’s largest insurer to establish an […]
Leslie Hess Appointed Interim Director of Arizona Department of Insurance
Arizona Governor Doug Ducey has appointed Leslie Hess as the Interim Director of the state’s Department of Insurance. Hess has worked in the insurance and financial services industries, both the private and public sector, for over 25 years. Hess was with the Department of Insurance for 12 years as deputy receiver and legal advisor. She […]
AkzoNobel Announces 2016 Distributor Council
AkzoNobel’s Vehicle Refinishes announced the members of its 2016 Distributor Council. The Distributor Council of Vehicle Refinishes spans the company’s thirty year history in North America. Over this period of time Vehicle Refinishes has looked to advisory bodies drawn from its distribution network to assist AkzoNobel in establishing frameworks for our business practices as well […]
Moseley Appointed Executive Director of NAB and VBRA
The Retail Motor Industry Federation (RMI) in the United Kingdom has announced the appointment of Jason Moseley as Executive Director with the responsibility for the National Association of Bodyshops (NAB) and the Vehicle Builders and Repairers Association (VBRA). Moseley will provide strategic direction and input to NAB and VBRA, leveraging an improved set of innovative […]
Virginia Legislature Passes Photo Appraisal Bills
The ability to use photographs and videos to prepare auto insurance appraisals of physical damage is one step closer in Virginia as both House and Senate pass companion bills. Both the Virginia House of Delegates and Senate passed companion bills allowing the use of photos in auto physical damage appraisals. Virginia House Bill 870 was […]
Uni-Select Reports Growth in Paint Sales
Parent of FinishMaster reports growth in refinish sales for both the fourth quarter and full year. Uni-Select Inc. the distributor automotive refinish and industrial paint and related products across North America, as well as in the automotive aftermarket parts business in Canada, reported financial results with increased EBITDA margins for the fourth quarter ended December […]
NACE | CARS Anaheim Exhibit Space Sales Ahead of Last Year
The Automotive Service Association (ASA) announced that exhibit space sales for its NACE | CARS automotive collision repair and service repair industry trade show is running 30 percent of last year’s sales. NACE | CARS 2016 will be held August 9 – 13 in Anaheim, Calif. According to the organizers, two-thirds of the NACE | […]
Collision Repair Education Foundation Reports Over $100,000 Raised by Hire Our Heroes Calendar
The new Hire Our Heroes Calendar fundraiser, coordinated through 3M Automotive Aftermarket Division (AAD) and the Collision Repair Education Foundation, raised over $100,000 in January to support scholarships and tool grants to military veterans and their family members who are studying collision repair. Repair facilities that donate $200 to the Foundation’s 3M Hire Our Heroes […]
Property/Casualty Insurers More Profitable in First Nine-Months of 2015
Net written premiums and investment income both up. Profitability measure grows 1.2 percentage points. Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus growing […]
Service King Acquires Two-Location Collision Repair Business in Virginia
Service King Collision Repair Centers announced continued expansion in the Washington D.C. market with the acquisition of Southern Auto Body and its two collision repair centers in Fredericksburg, Va. Earlier this week, Service King announced the acquisition of Precision Collision, also in the D.C. market. Service King and Southern Auto Body finalized the merger Feb. […]