Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) on March 3 issued the following statement regarding the support it is receiving from many shareholders, including among the Company’s largest shareholders, as well as industry analysts on its acquisition of IAA, Inc. (NYSE:IAA): Vontobel Asset Management, which owns 2.15% of Ritchie Bros. shares, has joined many other Ritchie […]
Fix Auto UK Accelerates In-House Mental Health First Aider Course
Fix Auto UK is ramping up the number of Mental Health First Aider training courses to meet its goal of ensuring every Franchise Partner will have at least two qualified mental health first aiders on site. Since revealing its plans last summer to be the first repair network in the UK to offer courses that […]
AAA Reports Fear of Self-Driving Cars on the Rise
Drivers increasingly anxious as autonomous technology advances. The results of AAA’s annual automated vehicle survey show that while there is still a high level of interest in partially-automated vehicle technology, attitudes toward fully self-driving vehicles have become increasingly apprehensive. This year there was a major increase in drivers who are afraid, rising to 68% as […]
RDA Executive Director Robert McKenzie Passes Away
The Refinish Distributors Alliance announced that Robert McKenzie Jr., the organization’s executive director, passed away February 28 at the age of 61. It is with great sadness that we inform you of the passing of Robert Mckenzie Jr. Executive Director of Refinish Distributors Alliance on February 28, 2023,” the organization said in a statement. “Robert […]
BendPak Announces Death of Gary Henthorn
Son of BendPak founders established Dannmar, MaxJax and Garage Equipment Supply. Gary Henthorn, son of BendPak Inc. owners Don and Ginger Henthorn and himself the founder of automotive service equipment brands Dannmar, Garage Equipment Supply and MaxJax, died surrounded by family and friends at home Feb. 4, 2023, following a courageous battle with cancer. He […]
CCC Reports Revenue of $782 Million in 2022
Up 14% compared to the previous year. CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) announced revenue was $782.4 million for the full year 2022, an increase of 14% from $688.3 million for the full year 2021. For the quarter ended December 31, total revenue was $204.1 million, up 9.1% compared to $187.1 million for the fourth […]
Pennsylvania Insurance Department Fines First Acceptance Insurance Company for Misleading Consumers
Acting Pennsylvania Insurance Commissioner Michael Humphreys yesterday released a market conduct examination report of First Acceptance Insurance Company that resulted in a $105,000 penalty. The examination found that agents for the company were misleading consumers and adding on optional third-party coverages without the consumer’s knowledge or full understanding. According to the market conduct report, two-thirds […]
Chief Automotive Donates $75,000 Worth of Tools and Subscriptions to Collision Repair Schools Through CREF
Chief Automotive donated $75,000 worth of rivet guns and subscriptions through the Collision Repair Education Foundation (CREF) to benefit collision repair educational programs around the country “Chief has been a supporter of schools all over the world for over 50 years. It has always been a core part of our business to support our future […]
IIHS Says Small Overlap Front Crash Rating Program Saving Lives
Driving a vehicle that earns a good rating in the Insurance Institute for Highway Safety (IIHS) driver-side small overlap front crash test reduces your risk of dying in a real-world crash, a new IIHS study shows. A driver in a good-rated vehicle is 12 percent less likely than a driver in a poor-rated one to […]
NAMIC Joins U.S. DOT’s Call to Action on Auto Safety
The National Association of Mutual Insurance Companies announced that it is answering the Department of Transportation’s Call to Action to make the nation’s roadways safer and reduce roadway fatalities. “Mutual insurance companies have been at the forefront of the fight for auto safety for decades, from requiring seat belts to pressing for greater safety in […]
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