Lincoln Electric has added a cutting-edge new product to its education lineup. The Voyage Arc Virtual Reality Welding Headset is an interactive, immersive classroom platform that introduces students to welding fundamentals. The tool is designed to spark interest in careers involving welding by enabling tech-savvy students to learn in a virtual setting that many of […]
Progressive Reports Personal Auto Policies in Force Grew 14% in May
Total personal auto policies in force exceeded 19.6 million. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,666,500 in May, an increase of 14% from 17,200,000 in May 2022. Agency personal auto insurance policies were 8,423,200, up 10% from May 2022 and direct policies in force were 11,243,300, up […]
U.S. Property/Casualty Industry Posts $8.2 Billion Underwriting Loss in First-Quarter 2023
Net income declined 70.7% to $8.1 billion. The U.S. property/casualty (P/C) industry saw an $8.2 billion net underwriting loss in the first quarter of 2023, compared with a $3.4 billion gain in the same prior-year period, according to preliminary financial results. This financial review is detailed in a new Best’s Special Report, First Look: Three-Month […]
Auto Care Industry Expected to Grow 8.1% in 2023, Reach $574 Billion in 2026
Automotive aftermarket industry with 9.7% growth rate in 2022, exceeding projections and demonstrating continued stable growth year over year. The Auto Care Association today released its 2024 Auto Care Factbook and the 2024 Auto Care Factbook & Lang Annual. According to the association, the auto care industry exceeded expectations in 2022. Even in the face […]
Fix Auto UK Adds Collision Repair Center to Network in West Midlands
Fix Auto UK announced the development of Fix Auto Kidderminster, a brand-new collision repair center in the heart of the West Midlands. This project is the brainchild of entrepreneur Nav Singh, who brings a passion for delivering exceptional automotive repair services. After nearly 12 months of planning and preparation, Fix Auto Kidderminster has risen from […]
Twelve High School Automotive Programs Among Finalists for $1.5 Million in Harbor Freight Tools for Schools Cash Prizes
Fifty U.S. public high school skilled trades teachers were named as finalists on June 13 for the Harbor Freight Tools for Schools Prize for Teaching Excellence. The finalists include 12 automotive programs across the U.S. A total of $1.5 million in cash prizes will be awarded in October, when the field is narrowed down to […]
SEMA Show to Include Expanded Education Program
As part of SEMA’s initiative to create a more robust career- and professional-development program year-round, the 2023 SEMA Show will feature a fully customizable hands-on education program that focuses on leadership and skill development, networking, exploration of emerging trends, and industry best practices. Attendees will be able to use this year’s program to jump-start and […]
High Definition Vehicle Insurance Announces New In-House Claims Organization, Expands into Oklahoma Trucking Insurance Market
High Definition Vehicle Insurance (HDVI), a commercial auto insurance provider, announced it will now process claims in-house to deliver a more streamlined, efficient and customer-focused experience. The company also launched its insurance products for commercial trucking fleets in Oklahoma, for policies effective beginning July 1. “HDVI understands the significant impact claims processing times can have […]
CAWA Announces Scholarship Winners
CAWA, the non-profit trade association representing automotive parts manufacturers, jobbers, warehouse distributors, retailers and program groups, announced the recipients of its 2023 scholarship awards. CAWA provided over $13,250 in scholarships this year to thirteen individuals. Furthermore, each student will receive a $300 tool gift certificate compliments of CAWA member All Trade Tools. “Once again, CAWA […]
Auto Insurance Customer Satisfaction Plummets as Rates Surge
J.D. Power finds satisfaction dropped the largest amount in the past 20 years. Nearly one-third (31%) of U.S. auto insurance customers say they experienced a rate increase during the past year as the industry raises rates an average of 15.5% and insurers continue to fight the forces of record high loss ratios, according to the […]
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