Group 1 Automotive, Inc. (NYSE: GPI) today announced the expansion of its U.K. operations with the acquisition of nine businesses northeast of London, primarily in the region of East Anglia. These operations represent the family of brands offered by the Volkswagen Group, along with one Citroen dealership with major locations in the cities of Norwich, […]
NJ-Based CURE Auto Insurance Launches in Michigan
CURE auto insurance, a not-for-profit car insurer doing business in New Jersey and Pennsylvania, announced it was granted a license to expand into Michigan starting July 2, when the latest no-fault reforms take effect. CURE announced its studies project a savings of up to 50% from Michiganders current rates. Most notably, CURE refuses to use […]
Florida Governor Vetoes No-Fault Auto Insurance Repeal
Florida Gov. Ron DeSantis has vetoed legislation that would have ended Florida’s system of no-fault auto insurance, saying the bill (SB 54) would result in “unintended consequences.” Critics of the legislation argued the bill would push up rates for many drivers. “While the PIP system has flaws and Florida law regarding bad faith is deficient […]
Axalta Offers Collision Repair Trade School Instructor VIP Virtual Workshop July 13-15
Axalta Coating Systems (NYSE:AXTA) is inviting collision repair trade school instructors in the U.S. and Canada to participate in the 2021 North American Trade School Instructor VIP Workshop, an interactive learning experience open to instructors of all paint brands. This year’s event will feature virtual sessions and take place July 13-15, with sessions running from […]
AAA Projects Over 43 Million to Take Road Trip During Independence Day Holiday
Overall travel expected to increase 40% compared to last year, reaching the second-highest travel volume on record. According to AAA, more than 47.7 million Americans will take to the nation’s roadways and skies for the Independence Day Holiday (July 1–5), as travel volumes are expected to nearly fully recover to pre-pandemic levels. In fact, this […]
Caliber Raising Funds for Heart Disease and Stroke Research
Caliber, the parent company of Caliber Collision, Caliber Auto Care and Caliber Auto Glass, is launching a new campaign to raise funds to support the American Heart Association’s (AHA) life-saving heart disease and stroke research. Beginning July 1 and running through July 31, teammates, customers and community members can donate to this effort in any […]
Consumer Group Alleges Auto Insurance Companies Overcharged California Motorists $5.5 Billion During First Year of Pandemic
According to an analysis by Consumer Watchdog, while the vast majority of Californians drove far less last year, most California insurance companies continued to charge pre-pandemic auto insurance rates, reaping a windfall of about $5.5 billion. Newly published 2020 data show that accident claims plummeted as cars idled in driveways, but insurance companies failed to […]
Hertz Exits Chapter 11
Hertz Global Holdings, Inc. (OTCPK:HTZGQ) announced yesterday that it has successfully completed its Chapter 11 restructuring process and has emerged as a financially and operationally stronger company that is well-positioned for the future. Hertz’s Plan of Reorganization was confirmed by the Bankruptcy Court on June 10, 2021. In doing so, Judge Mary Walrath described the […]
Boyd Group Acquires 16 Repair Centers in South Carolina and Georgia
The Boyd Group Inc. announced the acquisition of 16 collision repair centers located in South Carolina and Georgia. These new Gerber Collision & Glass repair centers operated as John Harris Body Shops originating in 1975 in Columbia, South Carolina. The South Carolina repair centers are located in Bluffton, Charleston, Columbia (2), Greenville, Greer, Irmo, Lexington […]
Crash Rates Up Following Marijuana Legalization
Studies by IIHS and HLDI show crash rates up in Western U.S. states that legalized recreational use and retail sales of marijuana. According to research from the Insurance Institute for Highway Safety (IIHS), and another by the affiliated Highway Loss Data Institute (HLDI), crash rates and collision claim frequencies spiked in most states following the […]
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