Insurer’s auto business swings to first underwriting profit since 2020, citing lower repair costs and fewer collisions. State Farm reported net income of $12.9 billion in 2025, more than doubling the $5.3 billion posted in 2024 and marking the company’s strongest annual result in recent history. The turnaround was driven by a return to underwriting […]
Driven Brands Delays Earnings Release, Will Restate Financials After Audit Committee Finds Material Errors
Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA, said its audit committee found material errors in previously issued financial statements and that the company will restate results for fiscal 2023 and 2024 and several interim periods. Driven Brands also said it is delaying the […]
Marchex, Solera Announce AI Integration for Auto Dealerships
Marchex (NASDAQ: MCHX), a conversation intelligence and data analytics company, announced a new integration with Solera, designed to reduce manual data handling between the two platforms for dealership users. Troy Hartless, president and CRO of Marchex, said, “Auto dealers rely on speed, accuracy, and data-driven insights to maximize every customer interaction. Our integration with Solera […]
ATMC Opens Annual Training Benchmarks Survey for Auto, Collision and Truck Service Professionals
The ASE Training Managers Council (ATMC) has opened its annual training benchmarks survey for auto, collision and truck service professionals, with responses due by March 20. The online survey is designed to establish metrics to help the industry identify training trends, provide comparison standards and align training provider offerings with industry needs. Survey results will […]
Nevada Man Pleads Guilty to Arson at Tesla Collision Center in Las Vegas
Faces minimum statutory penalty of five years in prison. A Las Vegas man pleaded guilty on Feb. 24 to using a firearm and Molotov cocktails to destroy and damage vehicles and property at a Tesla Collision center in March 2025. According to court documents filed in the U.S. District Court for the District of Nevada, […]
Salvato Auctions Expanding into Mid-Atlantic, Southeast Markets
Salvato Auctions announced Feb. 25 it will expand operations into the Mid-Atlantic and Southeast regions of the United States, with a launch planned for the second quarter of 2026. The company said the expansion will introduce its insurance vehicle auction services to Georgia, Virginia, Maryland, North Carolina, South Carolina, Tennessee and other neighboring states based […]
CIF’s 15th ‘Cocktails for a Cause’ Sets Attendance Record
The Collision Industry Foundation reported record attendance at its 15th annual “Cocktails for a Cause” charity event in January, with more than 200 industry members gathering at the CASCADE Lounge of the Agua Caliente Casino in Palm Springs, Calif. The event featured a live auction that included a NASCAR Brickyard 400 package, an Oregon Wine […]
Allianz UK Network Manager Appointed to Plasnomic’s Plastic Repair Alliance Council
Plasnomic announced Feb. 24 the appointment of Michael Golding, network manager for Allianz UK, to the Plastic Repair Alliance Council. “Michael’s appointment signals the level of collaborative work Plasnomic is undertaking with collision repairers, supply partners, training organizations, and insurers across the UK and EU markets,” said Mario Dimovski, head of the Plasnomic Council. “Having […]
Louisiana Auto Insurance Rates Fell 5.8% in 2025 as Accident Frequency Declined
Private passenger auto insurance premiums in Louisiana dropped by an average of 5.8% in 2025, reversing several years of consecutive rate increases, according to new market impact data from the Louisiana Department of Insurance (LDI). The decline represents a statewide premium reduction of more than $344 million compared to the prior year. The LDI attributed […]
Florida Announces Arrest of Insurance Agent for Fraudulent Tow Truck Policy Scheme
Florida Chief Financial Officer Blaise Ingoglia announced the arrest of a licensed insurance agent and an unlicensed individual for selling fraudulent commercial insurance policies for tow trucks in Miami-Dade County. Javier Gonzalez Jr., a licensed insurance agent, and Aliba Lamas Alvarez were arrested Feb. 5 by the Department of Financial Services Criminal Investigation Division. Investigators […]
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