California Insurance Commissioner Ricardo Lara yesterday announced a legal action against Mercury Insurance for violating consumer protection laws, including by selling Mercury’s highest-priced policy to “good drivers” instead of the lowest-priced policy for which good drivers qualify. This legal enforcement action comes after a Department investigation found numerous areas where Mercury’s business practices harmed policyholders […]
ASE Announces Dates for 2023 Instructor Training Conference
The 2023 ASE Instructor Training Conference will be held July 17-20, 2023 at the embassy Suites by Hilton Charlotte Concord located in Concord, N.C. The ninth annual conference for high school or college auto, collision, or truck instructors will include 20 hours of technical update training as well as networking opportunities. A tentative agenda is […]
CIECA Forms Artificial Intelligence Committee
All collision industry stakeholders invited to participate. The Collision Industry Electronic Commerce Association (CIECA) announced the formation of a new Standards Development Committee focused on Artificial Intelligence (AI). All industry stakeholders, including CIECA and non-CIECA members, are invited to join the committee. “The CIECA Emerging Technologies has been looking into the impacts of emerging technologies […]
Classic Collision Acquires Repair Facility in Stafford, Texas
Classic Collision, LLC announced July 29 the acquisition of Apollo Paint and Body Shop in Stafford, Texas. As one of the largest family-owned body repair companies in Texas, Apollo Paint and Body has been serving the Houston community for the past 35 years. “Our company takes pride in family values and complete customer satisfaction, and […]
Fix Auto Canada Adds Collision Repair Center to Network in Uxbridge, Ontario
Fix Auto Canada announced the town of Uxbridge, in south central Ontario, welcomed Fix Auto’s latest body shop. Fix Auto Uxbridge, a 4,000 square feet collision repair center located at 545 Durham Regional Hwy 47 Unit B. is the second Fix Auto location for owners Sayaad Samad and Ron Samad in less than two years. […]
Lemonade Sells Metromile’s Enterprise Business Solutions Platform
Lemonade (NYSE: LMND), the insurance company powered by AI and social impact, today announced the close of its divestiture of Metromile’s Enterprise Business Solutions (EBS) to digital insurance platform, EIS. EBS was Metromile’s SaaS claims automation and fraud detection platform which it licensed to large insurance carriers. The all-cash transaction was completed following the close […]
Aurora and Schneider to Pilot Autonomous Truck Technology to Haul Freight in Texas
Aurora Innovation, Inc. (NASDAQ: AUR), the autonomous vehicle company, and Schneider National, Inc. (NYSE: SNDR), a multimodal provider of transportation services, today announced a multiphase commercial pilot to haul freight for Schneider’s customers with the Aurora Driver, Aurora’s autonomous technology. This pilot reflects an important step for Schneider toward understanding how to incorporate autonomous trucks […]
July New-Vehicle Sales Remains Constrained by Supply Chain Issues
Sales pace is basically limited to the number of vehicles delivered to dealers each month as demand remains strong. Transaction prices and dealer profits remain at record levels. New-vehicle retail sales for July 2022 are expected to decline when compared with July 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail […]
Consumer Sentiment Slightly Up Over June
Consumers adjust to inflation as labor market expectations worsen. Consumer sentiment was essentially unchanged from June, when it had reached an all-time low for the survey, according to the University of Michigan Surveys of Consumers. Most components of the index were little changed, though buying conditions for durables adjusted upwards, primarily due to perceptions of […]
Randy Termeer Named President of Property and Casualty Insurance at USAA
USAA announced that Randy Termeer has been named President, Property and Casualty Insurance. Termeer joined USAA in 2017 as Senior Vice President and General Manager of Auto Insurance. Most recently, he led USAA’s acquisition of Noblr, launched Small Business Insurance and the SafePilot program. Termeer brings more than 20 years of industry experience to the […]
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