While U.S. employer health benefit increases with be high, global health benefit costs set to nearly triple. U.S. employer-provided medical benefit costs are forecast to rise 6.5 percent in 2020, outpacing general inflation by 3.8 percent, according to the 2020 Global Medical Trend Rates Report released by Aon plc (NYSE:AON). The increase is projected to […]
Chubb to Wipe Insureds’ Personal Digital Data on Total Loss Vehicles
Chubb has launched a new exclusive service to help personal auto clients remove sensitive electronic information from their vehicles in the event of an insured total loss. To identify relevant information after a total loss, technicians will scan locations and wipe necessary systems on Chubb insured vehicles, subsequently clearing GPS, mobile contacts, text messages, and […]
Collision Repair Education Foundation Names Sulkala Family Scholarship Recipient
The Collision Repair Education Foundation announced the recipient of the Sulkala Family Scholarship. The Sulkala Family scholarship program honors NABC Founder and longtime executive director Chuck Sulkala who retired last year. Sulkala is also a Trustee Emeriti of the Foundation. The 2019 Sulkala Family Scholarship recipient, Joseph Silbaugh, Dunwoody College of Technology, Minneapolis, Minn., will […]
IAA Expands in Indianapolis
IAA, Inc. (NYSE: IAA) announced the expansion of its Indianapolis branch. This investment will increase the branch’s ability to support new customer demand in Indianapolis and the surrounding metropolitan area. “This expansion brings needed resources to the Indianapolis branch and brings us to over 70 acres of capacity,” said John Kett, Chief Executive Officer and […]
Small Business Optimism Index Declined Slightly in August
Predictions of looming recession weigh on outlook. The National Federation of Independent Business (NFIB) Small Business Optimism Index fell 1.6 points to 103.1, remaining within the top 15 percent of readings. Overall, August was a good month for small business. However, optimism slipped because fewer owners said they expect better business conditions and real sales […]
Darrell Amberson to Moderate November 4 MSO Symposium
Darrell Amberson, President of Operations at Minnesota-based LaMettry’s Collision, has been named as the event moderator for this year’s MSO Symposium. The event takes place Monday, November 4 at the Mandalay Bay hotel in Las Vegas, Nev. Early-bird registration for the MSO Symposium is available through September 20. “The MSO Symposium is an event like […]
CSN Adds Two Collision Repair Centers to Network in Ontario
CSN Collision Centres announced the addition of CSN Formula and CSN Morningside, located in Scarborough Ontario, Canada. Owned and operated by the Drive Autogroup, the new locations are situated between Markham and Scarborough. Drive Autogroup serves customers throughout the greater Toronto area through a developed network of nine dealerships across the OEM spectrum. With Honda, […]
Axalta Sells Its 60,000th Spectrophotometer
Axalta Coating Systems (NYSE:AXTA) today announced that it has sold its 60,000th spectrophotometer, with 10,000 sold in the past 15 months. The company attributes the rapid increase in recent sales mainly to a strong global digitization trend. These increasingly popular handheld digital tools are an accurate and fast way of color matching that boost the […]
AAA Reports Annual Cost of Vehicle Ownership Rises to $9,282 on Higher Financing Costs
It’s going to cost more for those looking to buy a new car this year. Finance costs on new car purchases have jumped 24% in 2019, according to new AAA research, pushing the average annual cost of vehicle ownership to $9,282, or $773.50 a month. That’s the highest cost associated with new vehicle ownership since […]
Root Insurance Raises $350 Million in Latest Funding Round
Root Insurance announced it raised $350 million in Series E funding. Root has now raised a total of $523 million in funding, with an additional $100 million in debt financing. This latest round, led by DST Global and Coatue, raises Root’s valuation to $3.65 billion and provides additional capital to accelerate growth in existing markets […]