Lemonade (NYSE:LMND) announced an agreement to acquire Metromile (NASDAQ: MILE, MILEW), the data science company focused on auto insurance, in an all-stock transaction that implies a fully diluted equity value of approximately $500 million, or just over $200 million net of cash. Under the terms of the transaction, Metromile shareholders will receive Lemonade common shares […]
NFIB Joins With 10 Business Groups to Challenge OSHA’s Private Business Vaccine Mandate
NFIB files petition for review at the U.S. Fifth Circuit Court of Appeals. The National Federation of Independent Business (NFIB) filed a legal challenge November 9 against the Biden Administration’s emergency temporary standard, which would mandate businesses with 100 or more employees require workers take the COVID-19 vaccine or undergo weekly testing and wear masks […]
FHWA and NHTSA Announce Crash Responder Training Program for Safety Week
The U.S. Department of Transportation’s Federal Highway Administration (FHWA) and National Highway Traffic Safety (NHTSA) Administration marked the beginning of Crash Responder Safety Week on Monday by spotlighting the training offered by the FHWA for first responders. Designed by and for responders, the Traffic Incident Management (TIM) training helps teams of police, firefighters, highway workers, […]
AirPro Diagnostics Enhances ADAS Calibration Solutions
AirPro Diagnostics announced ongoing enhancements to its AirPro Diagnostic Assist System (A.D.A.S.) to offer test drive/dynamic systems verification integrated directly into its workflow. “The A.D.A.S. platform was the first of its kind. Services that are just now being announced by others, we have been providing to our customers for months, if not years. The A.D.A.S. […]
Electric Vehicle Manufacturer Rivian Announces Pricing of Upsized Initial Public Offering
Company will raise $11.9 billion to fund expansion. Rivian Automotive, Inc. announced the pricing of its upsized initial public offering of 153,000,000 shares of Class A common stock at a public offering price of $78.00 per share, valuing the company at over $77 billion In addition, Rivian has granted the underwriters a 30-day option to […]
LexisNexis Analysis Shows Advanced Driver Assistance Systems Are Reducing Loss Costs
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 […]
Crash Champions Acquires Collision Repair Center in Northern Florida
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 […]
NICB VINCheck Service Enhanced With Photo Search Capability
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. […]
Tom Elder Named Lee Vetland Lifetime Achievement Award Recipient
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 […]
Tony Molla Announces Retirement from ASA
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 […]
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