The Hartford (NYSE:HIG) today announced that its board of directors, after consultation with its financial and legal advisors, has unanimously rejected Chubb Limited’s March 11, unsolicited proposal to acquire The Hartford and determined that entering into discussions regarding a strategic transaction would not be in the best interests of the company and its shareholders. The […]
IAA Relocates Fort Myers Branch
IAA, Inc. (NYSE: IAA) announced the relocation of its Fort Myers, Florida branch. One of 11 IAA branch facilities in the state, the new location includes increased capacity and innovation to support the large Florida market, an area which typically experiences frequent catastrophic weather events. “We continuously strive to make improvements that provide the best […]
Collision Repair Education Foundation Partners with Author to Support Female Students
In recognition of Women’s History Month, author Rachael Alfonso has partnered with the Collision Repair Education Foundation (CREF) to raise funds in support of female collision repair students. When industry supporters purchase a copy of Alfonso’s new book, “What Cars Say,” through the dedicated link, 15% of the sale will be donated to a fund […]
AASP/NJ Members Learn Department of Insurance Do’s and Dont’s
Members of the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) recently gathered for “Understanding the Role of the Division of Insurance,” an association-hosted virtual event that welcomed industry attorney Patrick J. McGuire, Esq. for a discussion on the do’s and don’ts of successfully submitting complaints and inquiries to the New Jersey Department of […]
One in Eight Drivers Uninsured in the U.S.
Insurance Research Council reports uninsured rate varies from a low of 3% in New Jersey to a high of 29% in Mississippi. One in eight drivers on the road in 2019 was driving without insurance, according to a new report from the Insurance Research Council (IRC). In 2019, the estimated countrywide uninsured motorist rate was […]
Classic Collision Acquires Collision Repair Center in Atlanta
Classic Collision, LLC announced it acquired Bentley’s Collision Center in the Atlanta, Ga. market. Classic Collision now has 31 Georgia locations and operates 66 centers total in Georgia, Florida, Alabama, South Carolina, and California. Bentley’s Collision Center is a family owned and operated Certified Body Shop that has been in business for over 41 years. […]
Massachusetts Towing Company Owner Sentenced for Tax Fraud and Evading Cash Transaction Reporting
The owner of a Revere, Mass. towing company was sentenced on charges of engaging in an under-the-table payroll fraud scheme that defrauded the government of more than $3.3 million. Gennaro Angiulo, 49, of Nahant and Saugus, was sentenced by U.S. Senior District Court Judge Douglas P. Woodlock to 42 months of probation with 18 months […]
BASF Extends Refinish Commercial Supplier Agreement with Mercedes- Benz in Asia Pacific Region
BASF has recently secured a multi-year contract with Mercedes-Benz in the Asia Pacific (APAC) region that extends its longstanding, commercially approved supplier status with the car company to Australia, Japan, Malaysia, South Korea, Taiwan and Thailand. The agreement, which builds upon its agreement with Mercedes-Benz in the Europe, Middle East and Africa region, includes its […]
ASE and I-CAR Continue Collaboration to Support Collision Repair Training and Education
The National Institute for Automotive Service Excellence (ASE) and the Inter-Industry Conference on Auto Collision Repair (I-CAR) continue their collaboration and commitment to collision repair knowledge and skill excellence. The goal of this joint effort is to align education, training and certification requirements between the organizations in an effort to make it easier for Career […]
Chubb Limited Proposes to Acquire The Hartford
Chubb Limited (NYSE:CB) and The Hartford (NYSE:HIG) confirmed that Chubb made an unsolicited offer to acquire the company. The Hartford was the 20th largest private passenger automobile insurer in the U.S. with over $2 billion premiums written in 2019 and the 12th largest commercial auto insurer with over $775 million in premiums written. Chubb is […]
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