Traffic fatalities projected at highest level in 20 years. The National Highway Traffic Safety Administration (NTHSA) on August 17 released its early estimates of traffic fatalities for the first quarter of 2022. NHTSA estimates that 9,560 people died in motor vehicle traffic crashes in the first quarter of 2022. This is an increase of about […]
Mario Rizzo Named to Succeed Retiring Glenn Shapiro as President of Property-Liability at Allstate
Jess Merten succeeds Rizzo as Chief Financial Officer. Allstate, the fourth largest private passenger auto insurer in the U.S., announced that Glenn Shapiro, who has led the Property-Liability businesses since 2018, has decided to retire, having led the initiation of Transformative Growth and rapidly adapted to the impacts of inflation on auto insurance margins. Mario […]
Right to Repair Ballot Initiative Launched in Maine
Effort mirrors Massachusetts law that is subject of pending lawsuit. A group of Maine repair facilitiy owners, employees and supporters filed an application for a citizens initiative with the Maine Secretary of State’s Office announcing the group’s intentions to seek a statewide referendum next year on automotive right to repair According to an article in […]
Axalta Launches Next Generation Automotive Refinish Basecoat Technology in Latin America
Axalta Coating Systems Ltd. (NYSE:AXTA) announced the launch of its next generation basecoat technology, Cromax Gen, for the Automotive Refinish industry in Latin America. The new product will help increase productivity and optimize costs for collision repair facilities. “Color reproducibility is key for the Automotive Refinish industry. The speed and accuracy in which we can […]
United States and Taiwan Commence Formal Negotiations on Trade Pact
The United States and Taiwan, under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO), have reached consensus on the negotiating mandate for the U.S.-Taiwan Initiative on 21st-Century Trade announced on June 1. The negotiating mandate announced today sets out the broad […]
Wholesale Used-Vehicle Prices Continue to Decline in First Half of August
While down from the peak in May, prices are up nearly 9% over August 2021. Wholesale used-vehicle prices, on a mix-, mileage-, and seasonally adjusted basis, declined 3.6% from July in the first 15 days of August. The Manheim Used Vehicle Value Index fell to 211.6, which was up 8.8% from August 2021. The non-adjusted […]
Fix Network World Partners with Gulf Motor Company to Launch 12 New Service and Collision Repair Centers in Middle East
Mondofix, Inc., the parent of Fix Network World, announced a new strategic partnership with the Middle East business group, Gulf Motor Company (GMC), part of United Motors Group (UMG). The collaboration makes GMC the exclusive partner for Fix Auto in Saudi Arabia and the greater Gulf Cooperation Council (GCC) countries. The Fix Auto brand operates […]
Allstate-Brand Auto Rates Raised 8.9% Across Six Markets
Georgia Insurance Commissioner warns of 25% Allstate rate increase coming in September. The Allstate Corporation (NYSE: ALL) provided an update on catastrophe losses and its ongoing program to raise auto insurance rates to address rising costs during July. “Allstate will continue to implement significant rate actions in the second half of 2022 in response to […]
USAA to Introduce Crash Detection Technology as Claims and Collision Repair Costs Increase
Telematics innovation comes as rising claim volumes and costs seen across the insurance industry. USAA announced it is among the first auto insurance carriers to implement crash detection technology, an innovation that simplifies and expedites the claims process. This technology comes at a critical time as auto accidents have surged past pre-pandemic levels, exacerbating supply […]
o9 Solutions and Supply Chain Insights Announce LKQ Selection by Project Zebra to Test Outside-In Supply Chain Planning Processes
o9 Solutions, an enterprise AI software platform provider for transforming planning and decision making, and research firm Supply Chain Insights jointly announced that LKQ Europe was selected to participate in a pilot program to test outside-in planning concepts by Project Zebra, an open-source think tank driving supply chain improvement. Project Zebra was co-founded by o9 […]
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