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U.S. Employer Health Care Costs Projected To Increase 9 Percent Next Year

August 15, 2024 By CollisionWeek Editor

Projected increase is above the 6.4% increase reported this year. The average cost of employer-sponsored health care coverage in the U.S. is expected to increase 9.0%, surpassing $16,000 per employee in 2025, according to Aon (NYSE: AON), the global professional services firm. This projected increase, which assumes employers do not implement employee cost sharing increases […]

Filed Under: News Tagged With: AON, Health Insurance, Inflation

Federal Trade Commission Announces Final Rule Banning Fake Reviews and Testimonials

August 15, 2024 By CollisionWeek Editor

The rule will allow agency to strengthen enforcement, seek civil penalties against violators, and deter AI-generated fake reviews. The Federal Trade Commission announced a final rule that will combat fake reviews and testimonials by prohibiting their sale or purchase and allow the agency to seek civil penalties against knowing violators. “Fake reviews not only waste […]

Filed Under: News Tagged With: Federal Trade Commission, Regulations

Texas Attorney General Sues General Motors Over Collection and Sale of Driving Data

August 14, 2024 By CollisionWeek Editor

Lawsuit alleges vehicle manufacturer deceived consumers on data collection and profited by the sale of data to insurers and third-parties. Texas Attorney General Ken Paxton sued General Motors for its false, deceptive, and misleading business practices related to what the Attorney General alleges is unlawful collection and sale of over 1.5 million Texans’ private driving […]

Filed Under: News Tagged With: Attorney General, General Motors, Lawsuits, Telematics, Texas, Usage-Based Insurance

Caliber’s 13th Annual Restoring You Food Drive Provided Over 5 Million Meals to Help Combat Food Insecurity and Hunger

August 14, 2024 By CollisionWeek Editor

Annual campaign raised more than $800,000 and 107,000 pounds of food for 165 food banks across the United States. Caliber, parent company of Caliber Collision and Caliber Auto Glass, today announced the results of its 13th annual Restoring You Food Drive. In total, the annual collection event raised more than five million meals and more […]

Filed Under: News Tagged With: Caliber, Food Drive

California Bureau of Automotive Repair Launches Salvage Vehicle Inspection Program

August 14, 2024 By CollisionWeek Editor

Inspections designed to ensure revived salvage vehicles are safe to return to California roadways. The Bureau of Automotive Repair’s (BAR) Vehicle Safety Systems Inspection (VSSI) Program inspects vehicle safety systems to ensure revived salvage vehicles can be registered with the Department of Motor Vehicles (DMV) and safely returned to the road. The BAR says that […]

Filed Under: News Tagged With: Bureau of Automotive Repair, California, Safety Inspection, Salvage

Rob Wagman Joins Aesop Auto Parts Board of Directors

August 14, 2024 By CollisionWeek Editor

Aesop Auto Parts announced the appointment of Rob Wagman to its Board of Directors. Wagman brings over 30 years of extensive experience in the automotive industry, having held key leadership roles and driving substantial growth at LKQ Corporation and other automotive companies. Wagman served as the President and CEO of LKQ Corporation from 2012 to […]

Filed Under: News Tagged With: Aesop Auto Parts, Board of Directors, People

ASA Adopts Position Statement on Consumer Vehicle Choice

August 13, 2024 By CollisionWeek Editor

Association calls for financial support for independent repairers to invest in electric vehicle repairs if regulations requiring vehicle transition aren’t changed. The Automotive Service Association (ASA) published a position statement on consumer vehicle choice related to the electric vehicle (EV) transition. ASA raises concerns in the statement that EPA emission standards will limit the ability […]

Filed Under: News Tagged With: Automotive Service Association, Electric Vehicles, Position Statement, Regulations, U.S. EPA

Ford, Mazda Issue Do Not Drive Warnings for More Than 457,000 Vehicles with Recalled Takata Air Bags

August 13, 2024 By CollisionWeek Editor

The National Highway Traffic Safety Administration announced that Ford Motor Co. and Mazda North American Operations today have issued urgent “Do Not Drive” warnings for more than 457,000 vehicles equipped with recalled, unrepaired Takata air bags. Consumers with one of these vehicles should not drive it until the repair is completed and the defective air […]

Filed Under: News Tagged With: Airbag, Ford Motor Company, Mazda, NHTSA, Recalls, Takata

Small Business Optimism Up in July

August 13, 2024 By CollisionWeek Editor

Inflation continues to plague small businesses. The National Federation of Independent Business (NFIB) Small Business Optimism Index rose 2.2 points in July to 93.7, the highest reading since February 2022. However, this is the 31st consecutive month below the 50-year average of 98. Inflation remains the top issue among small business owners, with 25% reporting […]

Filed Under: News Tagged With: National Federation of Independent Business, Small Business Optimism, Small Business Optimism Index

Auto Insurance Shopping Continued to Rise in Q2 2024

August 13, 2024 By CollisionWeek Editor

TransUnion reports shopping increased versus 2023 even as rates stabilized. Auto insurance shopping volume set a new record for the second consecutive quarter, according to new research from TransUnion (NYSE: TRU). The number of U.S. consumers shopping for auto insurance was up 7.4%, compared to Q2 2023 (YoY). This trend has been driven in recent […]

Filed Under: News Tagged With: Auto Insurance, TransUnion

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