Insurer releases its first environmental, social, and governance report. State Farm announced its commitment to an environmentally sustainable future with a goal to reduce its greenhouse gas (GHG) emissions by 50 percent by the end of 2030. The company shared a new environmental sustainability goal for the future and a new report documenting the company’s […]
CCC Introduces Redesigned Repair Methods with Enhanced OEM Data
CCC Information Services Inc. (CCC) announces today the redesign of CCC Repair Methods, launching the solution with General Motors (GM) as the first OEM. CCC Repair Methods now includes OEM repair procedures displayed as the OEM presents information in its own repair procedure guides. In addition, CCC Repair Methods includes a new user interface, allowing […]
NY Attorney General Announces Conviction of Long Island Towing and Repair Facility for Tax Evasion
Businesses underreported sales by more than $8 million over 10 year period. New York Attorney General Letitia James and New York Commissioner of Taxation and Finance Michael Schmidt announced March 26 the guilty pleas of two Long Island auto repair shops and their owner for tax evasion. Broadway Towing, Inc. and Broadway Auto & Towing, […]
AASP/NJ Looks Forward to Northeast Trade Show
Collision repair industry invited to participate in September 10-12 event. The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) is looking forward to the return of its flagship event this fall. According to the association, the 2021 NORTHEAST Automotive Services Show, originally scheduled for March 19-21 and now set for September 10-12, at the […]
Chubb Responds to Hartford Rejection of Acquisition Offer
Chubb Limited (NYSE: CB) today issued a statement in response to the recent statement from the board of Hartford Financial Services Group Inc. (NYSE:HIG) rejecting Chubb’s acquisition offer for the insurer. According to Chubb, “As demonstrated by our industry-leading returns and underwriting performance, we have created an unsurpassed franchise in the insurance industry and its […]
Allstate Completes Exit of Life and Annuity Businesses
The Allstate Corporation (NYSE: ALL) has agreed to a transaction in which Wilton Re will pay $220 million to acquire Allstate Life Insurance Company of New York (ALNY). The transaction is expected to close in the second half of 2021, subject to regulatory approval and other closing conditions. This transaction, along with the agreement announced […]
NASTF to Launch Assisted Immobilizer Reprogramming Service
During the week of April 5, the National Automotive Service Task Force (NASTF) will be launching the new Assisted Immobilizer Reprogramming (AIR) service. Every so often, a repair facility may need to replace or reprogram a module that involves the vehicle’s security systems. Until now the only way to do that was with a NASTF […]
Auto Industry Sales Projected to Break Records in First Quarter Due to Strong Retail Demand
First quarter spending on new vehicles at record levels. New-vehicle retail sales for the month of March are expected to show growth over March 2020 and March 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales for new vehicles are projected to reach 1,288,100 units, a 70.7% increase compared with […]
Business Groups Applaud Senate Passage of the PPP Extension
Business groups are applauding the U.S. Senate’s passage yesterday of H.R. 1799, the PPP Extension Act of 2021 that extends the deadline to apply for a Paycheck Protection Program (PPP) loan beyond its March 31 deadline. Kevin Kuhlman, Vice President of Federal Government Relations for the National Federation of Independent Business (NFIB) said, “Small business […]
IIHS Announces 2021 Board
The Insurance Institute for Highway Safety (IIHS) announced that Dan Clapp, executive vice president of Shelter Insurance, will remain at the helm its Board of Directors for 2021 as planned. Clapp, executive vice president at Shelter, took over as chair in July, following six months as chair-elect. “Even as the world’s focus shifted to a […]
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