Pandemics are inherently uninsurable events, the National Association of Mutual Insurance Companies told members of Congress yesterday. Andrew Pauley, NAMIC’s public policy counsel, explained at a virtual roundtable hosted by Rep. French Hill, R-Ark., the ranking member of the U.S. House Financial Services Subcommittee on Housing, Community Development and Insurance, how the potential for widespread […]
Heidi Petz Named President and Chief Operating Officer at Sherwin-Williams
Justin Binns named President, The Americas Group and Karl Jorgenrud as President, Performance Coatings Group. The Sherwin-Williams Company (NYSE: SHW) announced today that its Board of Directors has elected Heidi G. Petz to serve as President and Chief Operating Officer effective March 1. Since 2020, Ms. Petz, 47, has served in senior leadership roles in […]
Crash Champions Acquires Collision Repair Centers in Ohio and Washington State
Adds three locations in separate transactions. Crash Champions, LLC announced it has expanded its footprint in Ohio and Washington with its latest acquisitions. In Washington State the company acquired Ed’s Premier Auto Body, a single shop located at 2707 East Francis Avenue, in Spokane and River City Body & Paint , a single shop located […]
Uni-Select Reports Sales Up 9.6% in Fourth Quarter
FinishMaster organic sales up 8.5% compared to 2020. Uni-Select Inc. (TSE:UNS) on Friday reported consolidated sales of $400.2 million for the fourth quarter ended December 31, up by 9.3%, mainly driven by organic growth of 7.5% and favorable Canadian and British currency fluctuations, offsetting the adverse effect of fewer billing days. Consolidated organic growth continued […]
Universal Technical Institute and Ford Roll Out New Electric Vehicle Repair and Maintenance Curriculum
Universal Technical Institute (UTI) is rolling out new curriculum in its Ford FACT (Ford Accelerated Credential Training) program to prepare its students to keep the next generation of vehicles on the road. Automotive technicians are in demand, and as the electric vehicle (EV) market continues to grow, those with knowledge of high voltage batteries and […]
AM Best Special Report Sees Strong U.S. Economic Expansion in 2021 But Growth Will Moderate in 2022
Supported by government spending and extraordinary accommodative monetary policy, the U.S. economy grew by 5.5% year over year in 2021, the largest economic expansion in decades. However, according to an AM Best special report, there are several headwinds at the beginning of 2022 for the U.S. economy that include the potential for a Federal Reserve […]
Repairify Acquires AutoMobile Technologies
Adds used vehicle reconditioning software provider used by nearly 8,000 technicians that repair more than 40,000 vehicles per day. Repairify, Inc., a portfolio company of Kinderhook Industries, LLC, today announced the acquisition of AutoMobile Technologies (AMT), a provider of enterprise-grade used vehicle reconditioning software. AMT’s technology helps automotive reconditioning providers replace paperwork, enforce processes, and […]
Collision Repair Center Office Secretary Sentenced to Federal Prison for Stealing Over $200,000 from Employer
Rhode Island woman pleaded guilty to mail fraud. A Pawtucket, R.I. woman who, while working as office secretary at Ideal Auto Body in Cranston, devised a scheme to fraudulently obtain the proceeds of nearly 200 checks provided to customers by their insurance companies to pay for vehicle repairs, has been sentenced to two years in federal […]
Labor Rate Panel Discussion Featured at Northeast Tradeshow
Spots are filling up quickly for the much-anticipated educational slate at the NORTHEAST 2022 Automotive Services Show, taking place March 18-20 at the Meadowlands Exposition Center (MEC) in Secaucus, NJ. One of the most widely talked about, debated and legislatively battled issues affecting the automotive repair industry is the labor rate. A special panel, Labor […]
NABC to Host Round Up Pars for Cars Golf Fundraiser April 12 in Oklahoma City
The National Auto Body Council will host the first golf fundraising event of 2022 at the Golf Club of Edmond, in conjunction with industry meetings taking place in Oklahoma City. The NABC Round Up Pars for Cars Golf Fundraiser presented by Hertz will take place on Tuesday, April 12, with a 1 p.m. CT shotgun […]
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