Second largest auto insurer reports average collision coverage severity up in 15-16% range. Berkshire Hathaway reported its 2021 earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company, GEICO premiums written in 2021 increased $3.5 billion (9.9%) compared to 2020, which included a reduction of approximately […]
Group 1 Automotive Acquires Toyota Dealership in Austin, Texas
Group 1 Automotive, Inc. (NYSE:GPI) announced the acquisition of Charles Maund Toyota in Austin, Texas. Charles Maund Toyota operated a Toyota Certified Collision Center. Group 1 now has 201 dealerships located in the U.S. and U.K. with 267 franchises and 46 collision repair centers. The dealership, which will be renamed Toyota of North Austin, is […]
AirPro Diagnostics Partners with 1Collision
AirPro Diagnostics announced it has been awarded strategic partner status with 1Collision the network of independently owned collision repair facilities. “We chose AirPro Diagnostics because of their depth of coverage in diagnostics as well as in-shop ADAS calibrations solutions like their revolutionary Auggie,” stated Jim Keller, President of 1Collision. “We are constantly looking for the […]
Chad Weinstein to Kick Off AASP-MN Annual Meeting & Leadership Conference
The Alliance of Automotive Service Providers of Minnesota, Inc. (AASP-MN) Chad Weinstein from Ethical Leaders in Action will be the opening keynote speaker at its Annual Meeting & Leadership Conference, on April 7 at the Crowne Plaza Minneapolis West, in Plymouth, Minn. Weinstein’s address will explore the ways that individuals and organizations can develop their […]
Insurance Association Reports Detail Skyrocketing Inflation Impacting Insurance Costs and Claims Times for Consumers
The American Property Casualty Insurance Association details how riskier driving habits and rising costs are impacting auto and property insurance and driving higher rates. Facing the fastest rise in inflation since the 1980s, along with rising auto and homeowners insurance losses and supply chain disruptions, insurers and consumers are experiencing strong upward pressure on insurance […]
Ringbrothers’ Mike Ring to Appear at Northeast Trade Show
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced that Mike Ring of Ringbrothers will be making an appearance at this year’s Northeast Automotive Services Show courtesy of Platinum Show Sponsor BASF. The trade show is March 18-20 at the Meadowlands Expo Center in Secaucus, N.J. Ringbrothers is known as one of America’s […]
Automotive Colors & Supply’s Josh Byers Receives Second Annual NABC Changing and Saving Lives
The National Auto Body Council Body (NABC) announced that Josh Byers, general manager of Automotive Color & Supply, is the 2021 recipient of the NABC Changing and Saving Lives Award. The award was presented to Byers by NABC board member Brian Driehorst, VP of Sales for Original One Parts. It features an engraved trophy to […]
Verisk and Ford Partner on Connected Car Data for Auto Insurance in Europe
The agreement gives Verisk license to supply connected car data to insurers in the UK, France, Germany, Italy and Spain. Verisk (NASDAQ:VRSK), a global data analytics provider, announced an agreement with Ford Motor Company (NYSE:F). As part of the agreement, Verisk can offer standardized, insurance-ready telematics data from connected Ford vehicles in Europe to assist […]
Nationwide Insurance Announces $21 Minimum Wage
Nationwide announced it is again raising the minimum wage it will pay for its workforce. The Columbus, Ohio-based insurance and financial services provider is raising its minimum pay to $21 per hour, effective April 4, which makes it a leading employer providing one of the highest minimum wages in the country. The change will impact […]
U.S. Light Vehicle Sales Declined 12% in February Compared to 2021
Even with higher fleet sales in February, lean inventories keep curbing the U.S. Light Vehicle sales. U.S. Light Vehicle sales continued to struggle in February due to slim inventories. According to LMC Automotive, the automotive global forecasting and market intelligence company, sales fell to 1.05 million units, down by 12% year-on-year (YoY). Only four of […]
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