Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSE: RBA) and IAA, Inc. (NYSE: IAA), announced December 20 the expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 and receipt of a no-action letter from the Canadian Commissioner of Competition with respect to the pending acquisition of IAA by Ritchie Bros. The […]
Root Insurance Investigating $9.5 Million in Marketing Payments by Former Employee
In a filing with the Securities and Exchange Commission, Root Inc. (NASDAQ: ROOT), the parent company of Root Insurance, announced the Audit, Risk and Finance Committee of its Board of Directors has engaged outside counsel to conduct an internal investigation into a series of marketing services transactions that a former senior marketing employee entered into […]
Allstate Announces Net Zero Emissions Commitment
The Allstate Corporation (NYSE:ALL) announced it has committed to achieve net zero emissions for direct, indirect and value-chain greenhouse gas emissions by 2030. It will also set a target year for achieving a net zero investment portfolio by the end of 2025. The pledge by Allstate, the fourth largest private passenger auto insurer in the […]
Nick Stosic Named Interim Commissioner at Nevada Division of Insurance
Nevada’s Director of the Department of Business and Industry, Terry Reynolds yesterday announced the appointment of Nick Stosic as Interim Insurance Commissioner at the Nevada Division of Insurance, effective today. The appointment was made following the resignation of Barbara Richardson, who has served in the role since March 2016. Stosic most recently served as the […]
Wesco Group Acquisition Marks Entry into Ontario, Canada
Group operates more than 134 paint, body and equipment supply stores in North America. Color Compass Corporation, part of the Wesco Group, acquired Treschak Enterprises located in Welland, Ontario, Canada. This acquisition expands the footprint of Canada’s largest independent auto body supply distributor within the Canadian marketplace. The combined Wesco Group, which includes Wesco, Color […]
PGW Auto Glass Announces Two Acquisitions
PGW Auto Glass, LLC announced two acquisitions. On December 27, the company announced it acquired American Glass Distributors, the largest independent wholesale distributor of auto aftermarket glass and supplies in the southern United States. American Glass is headquartered in Ft. Worth, Texas, and operates 14 locations throughout Texas, Louisiana, and Oklahoma. On January 3, the […]
PPG Announces Leadership Appointments
PPG (NYSE:PPG) announced on Tuesday several leadership appointments, effective immediately. Ram Vadlamannati, currently senior vice president, protective and marine coatings (PMC), and president, PPG EMEA (Europe, Middle East and Africa), will transition to lead a newly created PPG operations organization, while maintaining executive oversight accountability of PPG’s EMEA region. He will report to PPG president […]
Australia’s AMA Group and BASF Renew 10-Year Supply Partnership
AMA Group Limited (ASX:AMA) and BASF Australia Limited (BASF) confirmed a renewed 10-year partnership for the continued supply of BASF’s automotive paint technology across the entire AMA Group network. This new agreement extends the existing contract by two years and improves alignment of paint supply costs to the operating cash flows of the associated repairs. […]
January 26 CIECA Webinar Features Sean Carey on the New, New Normal and the Impact on the Claims and Collision Industry
The Collision Industry Electronic Commerce Association (CIECA) announced that its next webinar is scheduled for Thursday, January 26 at 2 p.m. The one-hour webinar, The New, New Normal and the Impact on the Claims & Collision Industry will feature Sean Carey, president of SCG Management Consultants. Registration for the webinar is available online. During the […]
Houston Police Seek Help Finding Suspects Who Killed Auto Body Shop Owner
According to family, the December 23 shooting was over $500 unpaid repair bill. Police are investigating the fatal shooting of Luis Casillas, 29, at his auto body repair shop in Houston on December 23. At a press conference yesterday, the family of Casillas, said that he was shot and killed due to a dispute over […]
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