Net income up 95% for the month compared to last year. The Progressive Corporation (NYSE:PGR) reported yesterday that its total personal auto policies in force in April were 15,506,300, up 10 percent from 14,115,000 in April 2019. Agency channel auto policies in force totaled 7,237,100, up 8 percent from 6,687,200 last year. Direct channel personal […]
Copart Reports Fiscal Third Quarter Revenue Down 0.5%
Copart, Inc. (NASDAQ:CPRT) reported for the three months ended April 30, revenue of $550.4 million, down $2.8 million, or 0.5%, from the same period last year. Gross profit was $242.6 million, a decrease of $9.0 million, or 3.6% below last year and net income was $147.5 million, down $45.3 million, or 23.5%. For the nine […]
Tom Adams Named Vice President of Sales at Refinish Manufacturer TCI Products
TCI Products announced the appointment of Tom Adams as Vice President of Sales. Adams will work with the TCI Sales Team and personally strategize with each of our jobbers so they can achieve aggressive growth in 2020 and beyond. Product development through the eyes of a successful paint jobber will be of special focus. Adams […]
International Insurance Experts to Examine Claims Management in Post-COVID-19 World During May 28 Webinar
The Claims Bridge International announced it will be hosting an online panel discussion on Thursday, May 28, at 3 pm EST, titled Is COVID-19 Driving Claims Innovation? During the free webinar, international insurance experts from the United States, United Kingdom, Australia and European Union will share their insights about the future of the claims industry […]
OSHA Adopts Revised Enforcement Policies on Coronavirus
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has adopted revised policies for enforcing OSHA’s requirements with respect to coronavirus as economies reopen in states throughout the country. Throughout the course of the pandemic, understanding about the transmission and prevention of infection has improved. The government and the private sector have taken […]
Nationwide Creates Enterprise Innovation and Digital Organization
Nationwide announced it is making some organizational adjustments to enable the company to further enhance and accelerate its focus on innovation with an emphasis on digital interactions. Chetan Kandhari, Chief Digital Officer, will lead a new Enterprise Innovation and Digital organization, aligning all of Nationwide’s innovation and digital teams into one and accelerating delivery of […]
Motor Vehicle Fatality Rates Jump 14% in March Despite Quarantines
Preliminary estimates from the National Safety Council show that as Americans began driving less and covering fewer miles, the emptier roads became more lethal. Early data indicate a year-over-year 14% jump in fatality rates per miles driven in March, in spite of an 8% drop in the total number of roadway deaths compared to March […]
CARSTAR Adds Collision Repair Center to Network in Los Angeles
CARSTAR announced the opening of CARSTAR First Choice Auto Body, a 6,500 sq. ft. facility located at 4368 Fountain Avenue, in Los Angeles, Calif. The collision repair center is the first CARSTAR location for owner Edwin Khoshabeh, a third-generation auto body repairer who has been in the industry his whole life. “My father had an […]
State Farm Announces $2.2 Billion in Auto Insurance Cuts
State Farm announced that based on current trends, it is working to reduce auto insurance rates in every state. The national average for those rate reductions is 11%, saving customers a total of approximately $2.2 billion. The rate reductions are in addition to its Good Neighbor Relief Program that State Farm previously announced would provide […]
AASP/NJ Highlights Benefits to Members During COVID-19 Crisis
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) continues to provide its members with key information and resources to help guide their businesses as the COVID-19 pandemic crisis continues on. “From the time this first started, AASP/NJ has been providing notices to our members on how to deal with the issues as they […]
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