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LexisNexis Analysis Shows Advanced Driver Assistance Systems Are Reducing Loss Costs

November 9, 2021 By CollisionWeek Editor

Report shows lower auto claims frequency and loss costs on ADAS equipped vehicles. LexisNexis Risk Solutions announced a new analysis of the relationship between Advanced Driver Assistance Systems (ADAS) features and U.S. auto insurance claims, which counters common insurance industry sentiment that ADAS repair costs offset ADAS loss cost benefits. The results are featured in […]

Filed Under: News Tagged With: Advanced Driver Assistance Systems, Claim Frequency, Claim Severity, LexisNexis Risk Solutions

Crash Champions Acquires Collision Repair Center in Northern Florida

November 9, 2021 By CollisionWeek Editor

Crash Champions, LLC announced today it has acquired Florida-based Sunbeam Autobody, consisting of two Jacksonville, Fla. locations – a 56,000 square foot facility at 5200 Sunbeam Road and a 15,000 square foot facility at 7135 Atlantic Boulevard. With the addition of Sunbeam, Crash now has 15 locations across the state of Florida. “Sunbeam represents a […]

Filed Under: News Tagged With: Acquisitions, Crash Champions, Florida

NICB VINCheck Service Enhanced With Photo Search Capability

November 9, 2021 By CollisionWeek Editor

The National Insurance Crime Bureau (NICB), the insurance industry’s association dedicated to predicting, preventing, and prosecuting insurance crime, proudly announces an upgrade to its popular VINCheck service. A new photo feature allows users to take a picture of the vehicle identification number with any camera-ready device, and VINCheck will take care of the rest.   […]

Filed Under: News Tagged With: Flood Damage, National Insurance Crime Bureau, Total Loss

Tom Elder Named Lee Vetland Lifetime Achievement Award Recipient

November 9, 2021 By CollisionWeek Editor

During its Annual Meeting at Gran Centurions in Clark, NJ, the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) conducted a special awards ceremony where the second Lee Vetland Lifetime Achievement Award was presented to AASP/NJ Treasurer Tom Elder of Compact Kars, Inc. in Clarksburg, N.J. Named in honor of the New Jersey auto […]

Filed Under: News Tagged With: AASP/NJ, People

Tony Molla Announces Retirement from ASA

November 9, 2021 By CollisionWeek Editor

Tony Molla, vice president of Industry Relations at the Automotive Service Association (ASA), will retire from the organization at the end of the year. “My plans to retire have been in the works for some time now,” Molla said, “I’ve been blessed to work with some of the highest-performing teams in the industry during my […]

Filed Under: News Tagged With: Automotive Service Association, People

Berkshire Hathaway Reports GEICO Underwriting Loss in Third Quarter of 2021

November 8, 2021 By CollisionWeek Editor

GEICO Underwriting Results Q3 2021

While premiums written grew, claims frequencies and severity up across all coverage types in first nine months as driving levels returned to near pre-pandemic levels. Berkshire Hathaway reported its third quarter and nine-month earnings on November 6, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company, […]

Filed Under: News Tagged With: Berkshire Hathaway, Earnings, GEICO

Classic Collision Acquires Two Collision Repair Centers in North Carolina

November 8, 2021 By CollisionWeek Editor

Multiple shop operator now has 155 centers in 11 states. Classic Collision, LLC, the collision repair operator based in Atlanta, Ga., announced November 5, the acquisition of two collision repair centers in North Carolina. Classic acquired two Certified Collision Services repair centers located in Matthews and Monroe, N.C. Classic Collision now operates a total of […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, North Carolina

CSN Adds Collision Repair Center to Network in Alberta, Canada

November 8, 2021 By CollisionWeek Editor

CSN Taber located in southern Alberta, is the newest location added to CSN Collision Centres nationwide network of collision repair facilities. “I’m passionate about what we do because when people are upset about their experience with a collision and damage to their property, you get to be a source of comfort to them,” CSN Taber […]

Filed Under: News Tagged With: Alberta, Canada, CSN Collision Centres, Network Affiliations

Maaco Named a Top Franchise for Veterans

November 8, 2021 By CollisionWeek Editor

Maaco has once again been named one of the top franchise opportunities for veterans this year by Entrepreneur magazine. In their October/November issue, Entrepreneur ranked Maaco 16th among veteran supportive franchises in the U.S. The entire list can be viewed here. Maaco has a longstanding history of supporting the nation’s veterans and active-duty military, with […]

Filed Under: News Tagged With: MAACO, Veterans

NABC January Board Meeting and Recycled Rides Moves to Phoenix

November 5, 2021 By CollisionWeek Editor

The National Auto Body Council announced it will move its Winter Board Meeting to join with other collision repair industry meetings in Phoenix the week of January 17. The featured events will include the January 2022 NABC Board of Directors meeting on January 18 and a planned NABC Recycled Rides presentation. “Each year, we are […]

Filed Under: News Tagged With: National Auto Body Council

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