The U.S. property/casualty (P/C) industry recorded a $3.8 billion net underwriting gain in the first half of 2024, a significant improvement from the $24.0 billion loss recorded in the same prior-year period, according to a new AM Best report. These preliminary results are detailed in a new Best’s Special Report, titled, “First Look: Six-Month 2024 […]
Fayetteville Technical Community College Hosts 9th Annual Collision Repair Student Draft Days October 15-16
Fayetteville Technical Community College (FTCC) announced its 9th annual Draft Day Event, a two-day showcase for students in the Collision Repair & Refinish Technology program. This highly anticipated event will take place on October 15th from 1:00 PM – 4:00 PM with skills demonstrations, followed by October 16th from 8:00 AM – 12:00 PM for […]
Employers Expect Health Benefit Cost to Increase More Than 5% in 2025
According to report by Mercer, this will be the third consecutive year of health benefit cost increases above 5%. Mercer, a business of Marsh McLennan (NYSE: MMC) released preliminary results from its 2024 National Survey of Employer-Sponsored Health Plans. According to an analysis of responses from over 1,800 US employers, total health benefit cost per […]
Registration Open for Georgia Collision Industry Association October 21 Golf Outing
The Georgia Collision Industry Association (GCIA) will host its 2024 Golf Tournament on October 21 at Eagle Watch Golf Club in Woodstock, Ga. Check in and breakfast begin at 8 a.m. The Shot Gun start is at 10 a.m. Registration for the event is open online. A variety of sponsorships are available. More information about […]
Fix Auto UK Acquires Edinburgh West Collision Repair Center
Fix Auto UK has invested in its network, acquiring the long-established Fix Auto Edinburgh West collision repair center from Stewart and Carol Roden. The acquisition, the first for the network in Scotland, ensures the Fix Auto UK’s position is maintained in the city and takes the number of repair centers the network owns outright to […]
BASF Coatings Launches First ChemCycling Products for Refinish
BASF Coatings officially introduced new product lines at Automechanika in Frankfurt this week, including BASF’s next generation of clearcoats that employs the company’s ChemCycling technology. The product lines, manufactured using recycled feedstock, are marketed under BASF’s premium brands Glasurit and R-M and will boost body shop efficiency and productivity. The products not only contribute to […]
Sentry Insurance to Acquire The General from American Family
$1.7 billion acquisition expands Sentry’s reach in non-standard auto insurance. Sentry Insurance announced it will acquire The General from American Family Insurance for approximately $1.1 billion in cash consideration. Including the value of assumed liabilities and required capital, the total transaction value will be $1.7 billion. The transaction is expected to close by year-end 2024, […]
CollisionRight Reaches 100 Collision Repair Facility Milestone with Michigan MSO Acquisition
CollisionRight has reached its 100th-location milestone through the three-shop acquisition of Tripp’s Collision in Michigan. As with each of CollisionRight’s 41 acquisitions to date, Tripp’s will continue to do business under its market-leading local brand while benefiting from the support and efficiency of a unified, large-scale organization. All of CollisionRight’s locations are corporate-owned and run […]
Wholesale Used-Vehicle Prices Increased in August
Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis, were higher in August compared to July. The Manheim Used Vehicle Value Index (MUVVI) rose to 203.9, a decline of 3.9% from a year ago. The seasonal adjustment to the index mitigated the impact on the month, resulting in values that rose 1.2% month […]
PPG Wins Innovation Award for PPG LINQ at Automechanika Frankfurt
PPG (NYSE: PPG) today announced that the PPG LINQ digital ecosystem has received the Innovation Award at Automechanika Frankfurt 2024, the world’s leading trade fair the automotive aftermarket. The Innovation Award recognizes outstanding technological developments with significant market relevance in the automotive supplier industry, automotive workshop and services sector, or original equipment manufacturers. “The PPG […]
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