California Insurance Commissioner Ricardo Lara announced he has awarded $50,545,239 in grants to 34 district attorney offices representing 44 counties in California to combat insurance fraud. Under Commissioner Lara’s leadership, these grants, funded through annual employer assessments, support law enforcement efforts in investigating and prosecuting fraud and increase outreach to our communities. Commissioner Lara also […]
Palladium Heritage Acquires Three Aftermarket Collision Repair Parts Distributors
Combination creates Collision Auto Parts platform to expand with further acquisitions and new location openings. Palladium Equity Partners, along with its joint venture affiliate Palladium Heritage, announced today that it has partnered with management to create a platform named Collision Auto Parts LLC, with the acquisition of three automotive aftermarket collision repair part companies. The […]
Original One Parts Merges with Headlights Depot
Original One Parts, LLC, a portfolio company of private equity firm Kinderhook Industries, LLC, announced its merger with Headlights Depot. Serving the auto collision repair industry, Original One Parts operates out of two warehouse & remanufacturing facilities located in Texas and Maryland. With its nine strategically located distribution centers supplying business and consumer customers, Headlights […]
Philadelphia Towing Company Alleged to Have Made Millions from Catalytic Converter Thefts
Nearly year-long investigation leads to charges again company and 10 adults, one juvenile. The Bucks County, Pa. District Attorney’s Office announced charges against a Philadelphia, Pa. towing company and more than 10 individuals June 27 who are alleged to have operated a multi-million-dollar organized criminal enterprise that specialized in the theft of catalytic converters throughout […]
EU Reaches Agreement on Data Act to Provide Third Parties Access to Connected Products
Automotive suppliers’ association calls for auto sector specific legislation to improve competition, boost innovation capabilities, and protect consumer rights and choice. Negotiators from the European Parliament and the Council of the EU reached an agreement on June 27 on Data Act legislation which will regulate how data generated by connected objects can be accessed and […]
Allstate’s Bryce Boyer Joins CIECA Board of Trustees
The Collision Industry Electronic Commerce Association (CIECA) announced that Bryce Boyer, business partner lead consultant for Allstate Insurance Company, joined CIECA’s Board of Trustees. As part of an auto team that focuses on virtual estimating, one of Boyer’s major focal points is navigating how artificial intelligence (AI) and automation are transforming how Allstate and the […]
Rhode Island Governor Signs Bill Updating Unfair Claims Practices Act
New law requires insurers to pay for documented OEM and paint manufacturer procedures. Also adds independent appraisal provision to settle disputes. Rhode Island Governor Dan McKee signed legislation June 26 that passed by the state legislature earlier in the month that will update several sections of the Rhode Island Unfair Claims Practices Act to address […]
UK’s Steer Automotive Group Acquires 32 Collision Repair Centers
Steer Automotive Group today announced the acquisition of the businesses of Apollo Motor Group and Balgores Motors. The two businesses have a total of 32 collision repair locations with £90m ($114.5 million) sales and 700 staff. The acquisition builds on Steer’s network, extending further into the south of England and increasing Steer’s scale and capacity […]
ProColor Collision Repair Center Opens in Cypress, Texas
ProColor Collision announced today that ProColor Collision Cypress is the latest to join its network of collision repair facilities in the U.S. The new location, located at 13800 Cypress North Houston Road in Cypress, is operated by Jack Pilavian, who has spent more than 26 years in the collision repair industry. “We are excited to […]
AAA Projects Record-Breaking Travel Volumes Over July 4th Weekend
Number of Americans traveling by car and air over the holiday projected to be highest on record. AAA projects 50.7 million Americans will travel 50 miles or more from home this Independence Day weekend, setting a new record for the holiday. Domestic travel over the long weekend will increase by 2.1 million people compared to […]
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