Copart Inc. (NASDAQ: CPRT) reported a 22.9% increase in net income during its fiscal fourth-quarter ended July 31as the auto salvage auction company benefited from higher revenue, as total loss frequency has increased, and improved margins. The company said net income attributable to Copart rose to $396 million, or 41 cents per share, for the […]
New Jersey State Senator Promotes Bill to Mandate Insurance Appraisal Rights
A New Jersey lawmaker is backing legislation that would require all auto insurance policies in the state to include appraisal clauses, giving policyholders the right to dispute claim settlements. Senate Bill 4534 (SB 4534), introduced in May by State Senator Paul Moriarty, D-District 4, would mandate that insurance carriers include appraisal provisions in their policies. […]
PPG Launches Software to Optimize Paint Mixing for Weather Conditions
PPG Industries Inc. (NYSE: PPG) introduced new software designed to help collision repair shops select optimal paint products based on real-time environmental conditions. The PPG MagicMix software, part of the company’s PPG LINQ digital ecosystem, recommends specific combinations of hardener and thinner products based on current temperature and humidity levels in spray booths or application […]
Strong US Property/Casualty Insurance Underwriting Profitability in First Half of 2025 to Continue
Fitch Ratings reports private passenger auto direct loss ratio down 6.3 points, tariffs could impact severity in second half of year. The U.S. Property Casualty (P/C) insurance industry reported very strong results for in the first half of 2025 (1H25), with a statutory combined ratio of 96.4%, down 1.2 percentage points year over year (YoY) […]
Kinetic Opens Second San Francisco Bay Area Digital Repair Hub
Kinetic announced yesterday it opened a new digital repair facility in San Leandro, Calif. marking its second location in the San Francisco Bay Area. The facility provides calibration and repair services for vehicles equipped with advanced driver-assistance systems (ADAS), electric vehicles and other digitally complex cars. Kinetic uses artificial intelligence, computer vision and robotics technologies […]
I-CAR Announces 2025 Board Election Results
Non-profit training organization approves bylaw changes clarifying eligibility requirements for collision repair and related industry services segment representatives. The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the results of its 2025 Board of Directors election, confirming four members to three-year terms while approving bylaw amendments that clarify collision repair segment seats are to be […]
Kari Barton Named Canadian Affiliate Services Director at Certified Collision Group
The Certified Collision Group Inc. (CCG) named Kari Barton as affiliate services director for Canada, the company announced yesterday. Barton brings more than 30 years of experience in collision repair, insurance, collision management, vendor relations and shop training to the member network platform that serves independent collision repair operators across the U.S. and Canada. “Throughout […]
Urgent ‘Do Not Drive’ Recalls Spike 65% Since Summer 2024
CARFAX reports vehicle manufacturers are increasingly warning owners not to drive vehicles due to safety defects. The number of critical “Do Not Drive” recalls has jumped more than 65% since the summer of 2024, to 725,000, according to a report by CARFAX. Vehicle manufacturers working with the National Highway Traffic Safety Administration (NHTSA) issue “Do […]
Crash Champions Opens Eighth New Mexico Location
New facility is second location to open this year in Albuquerque. Crash Champions announced today it opened its eighth New Mexico facility, a newly outfitted 22,000 square foot shop in North Albuquerque. The new facility at 1624 Alameda Blvd. NW, marks the opening of Crash Champions’ second Albuquerque location this year. In January, the company […]
Nationwide Membership Program Launches to Help Drivers Pay Collision Deductibles
A new membership program launched yesterday promises to pay drivers’ collision deductibles up to $2,000 while helping them reduce insurance premiums. Deductify charges members $10.99 for $1,000 in deductible coverage to $19.99 per month for $2,000 of coverage for collision deductibles when accidents occur. The company says members can lower their annual insurance premiums by […]
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