Implements Allstate brand auto insurance rate increases of approximately 8.3% since fourth quarter of 2021. The Allstate Corporation (NYSE: ALL) estimated catastrophe losses for the month of June totaled $356 million or $281 million, after-tax. June catastrophe losses included 10 events, primarily wind and hail in the Midwest, estimated at $315 million, plus unfavorable reserve […]
CBP Officers in Minneapolis Intercept Counterfeit GM Tire Pressure Monitoring Sensors
U.S. Customs and Border Protection’s (CBP) officers in Minneapolis recently stopped two shipments that contained 300 counterfeit General Motors (GM) Brand Tire-Pressure Monitoring System (TPMS). On May 30, CBP officers inspected a shipment arriving from Hong Kong to determine the admissibility of the shipment and its contents. Based on intelligence gathering and experience, officers suspected […]
Auto Care Association Testifies at USITC Hearing on Economic Impact of Section 301 Tariffs
Asks for input on impacts of tariffs on members in survey. Auto Care Association President and CEO Bill Hanvey testified yesterday before the U.S. International Trade Commission (USITC) during a three-day long virtual hearing on the economic impacts of the Section 301 tariffs on U.S. industries. The USITC instituted the factfinding investigation in May and […]
AkzoNobel Reports Revenue Up 14% in Second Quarter
Akzo Nobel N.V. (AKZA; AKZOY) reported revenue for the second quarter was up 14% to €2.853 billion ($2.909 billion) and 10% higher in constant currencies. The company reported its pricing up 16% companywide, offsetting the increase of raw material and other variable costs. Volumes were 9% lower. Operating income at €205 million ($209.05 million) was […]
IAA Expands Presence in Indiana
IAA, Inc. (NYSE:IAA) announced the completion of the IAA Indianapolis South (IN) branch expansion and the start of construction on the new IAA Fort Wayne (IN) branch. These two investments will more than double IAA’s capacity in the state. The new Fort Wayne location will be IAA’s fourth branch in Indiana. “The added capacity of […]
Enterprise Holdings Announces Collision Repair Training Program Adds New School in Texas
Collin College Technical Campus is the fifth school to offer Collision Technology Program based on two-year Collision Engineering curriculum. Enterprise Holdings, through the Enterprise Holdings Foundation, today announced a new partnership with Collin College Technical Campus in Allen, Texas, to support the growth and expansion of its Collision Engineering Program. Now active in five schools […]
AAA Foundation Study Finds Many Drivers Hit the Road on Potentially Impairing Medications
Nearly half of the drivers surveyed said they used one or more potentially impairing medications in the past 30 days, according to new research by the AAA Foundation for Traffic Safety. The proportion of those choosing to drive is higher among those taking multiple medications. More concerning, many who took these medications to combat depression, […]
IIHS Researchers Find Crash Rates Increased After Marijuana Legalization
Accidents that caused injuries and fatalities were up overall, though results varied widely by state as some saw decreases. New research shows that crash rates in states that legalized marijuana increased following legalization. The research paper Changes in Traffic Crash Rates After Legalization of Marijuana: Results by Crash Severity by Charles M. Farmer , Ph.D., […]
Safelite Group Acquires Michigan Glass Installer
Safelite Group announced the acquisition of Henderson Glass in Michigan. The transaction closed on Friday, July 15. “Founded in 1915, Henderson Glass has a long-standing history of outstanding customer service and a commitment to high-quality work,” said Renee Cacchillo, President and CEO of Safelite Group. “We’re proud to welcome their associates to our business.” “This […]
NHTSA Launches Anti-Speeding Campaign
Addressing risky driver behavior such as speeding is one of five pillars in the National Roadway Safety Strategy. As part of the U.S. Department of Transportation’s comprehensive safety strategy to prevent traffic deaths, the National Highway Traffic Safety Administration announced it is launching a public education campaign across the country to address one of America’s […]
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