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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

Allstate Says Supply Chain Disruptions Impacting Auto Insurance Collision Repair and Total Loss Costs in Third Quarter

November 5, 2021 By CollisionWeek Editor

Insurer reports auto frequency above last year, but below pre-pandemic levels. Severity up on higher repair costs and used vehicle price increases. The Allstate Corporation (NYSE: ALL) today reported total revenues of $12.5 billion in the third quarter of 2021 increased 16.9% compared to the prior year quarter, reflecting higher earned premiums from National General, […]

Filed Under: News Tagged With: Allstate Insurance, Claim Frequency, Claim Severity, Earnings

California Color Source Introduces a 4-Part Estimatics Training Program

November 5, 2021 By CollisionWeek Editor

California Color Source, an independent paint, body and equipment (PBE) distributor servicing Northern California, announced that they are implementing an Estimating Performance Program with their clients. The program is focused on adding additional refinish and body labor operations that are not included in the estimating platforms. “Our goal when working with a client is to […]

Filed Under: News Tagged With: California Color Source, estimating, training

Progressive’s Ninth Annual Keys to Progress Giveaway Marks 800 Vehicles Donated to Military Families Since 2013

November 5, 2021 By CollisionWeek Editor

For the ninth consecutive year, Progressive Insurance will host its annual Keys to Progress vehicle giveaway on November 9, 2021. Ahead of Veterans Day, 45 veterans in need across the country and their families, along with five military-related organizations, will receive the keys to vehicles that will provide reliable transportation, helping them get back on […]

Filed Under: News Tagged With: Donations, Enterprise Rent-A-Car, IAA, Pep Boys, Progressive Insurance

OSHA Announces Emergency Temporary Standard Detailing Federal Coronavirus Vaccine Mandate on Private Employers

November 4, 2021 By CollisionWeek Editor

Requires businesses with over 100 employees to enforce a mandatory vaccine program or test employees weekly and enforce face coverings at work. Requires paid time off to get vaccination and paid leave to recover from side effects. The U.S. Department of Labor’s Occupational Safety and Health Administration announced a new emergency temporary standard (ETS) implementing […]

Filed Under: News Tagged With: Coronavirus, OSHA, Regulations, Safety

Amica Mutual Expands Relationship with CCC

November 4, 2021 By CollisionWeek Editor

CCC Intelligent Solutions (CCC) announced today an extension of its relationship with Amica Mutual Insurance Company. From first notice of loss to resolution, Amica will leverage CCC’s advanced AI and mobile solutions to meet the evolving needs of its policyholders.  “Amica has built its reputation by delivering exceptional claims experiences to our customers,” said Hank […]

Filed Under: News Tagged With: Agreements Signed, Amica Insurance, Artificial Intelligence, CCC

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