Shift to global business unit-led structure expected to accelerate decision making, increase accountability and improve execution. Axalta Coating Systems Ltd. (NYSE: AXTA) announced plans to more closely align its global organization with its two global business segments to drive improved performance. This realignment follows the restructuring program announced over the summer and, together, the two […]
NABC Announces Award Recipients
Berkshire Hathaway Automotive receives NABC President’s Award and CARSTAR Owner Sheila Samuel-Lefor Honored with NABC Changing and Saving Lives Award The National Auto Body Council Body (NABC) has recognized leaders and philanthropists in the collision repair industry for the past two decades. Now, in celebration of its 25th anniversary, it is announcing the inaugural recipients […]
New York Department of Financial Services Fines Allstate, State Farm, AIG, and Tri-State Insurance Companies $2.1 Million
Allstate and State Farm also pay $10.6 million in restitution to consumers. New York State Superintendent of Financial Services Linda A. Lacewell announced that the Department of Financial Services (DFS) has fined Allstate Insurance Group, State Farm Insurance Group, AIG Property Casualty Company, and Tri-State Consumer Insurance Company a combined $2.1 million for violations of […]
Boyd Group Opens New Collision Repair Center at Car Dealer Facility in Michigan
The Boyd Group Inc. announced the opening of a second collision repair center in Waterford, Mich. Waterford is approximately 40 miles northwest of Detroit and between Gerber repair centers in Orion Township and Commerce Township. This new Gerber Collision & Glass repair center is on the property of a new car dealer which chose to […]
Allstate Brand Auto Insurance Net Written Premiums Up 1.1% in Third Quarter
Allstate brand policies in force up just 0.1%. Company continues to advance its transformative growth plan. The Allstate Corporation (NYSE: ALL) reported total revenues of $11.5 billion in the third quarter of 2020 increased 3.9% compared to the prior year quarter, reflecting net realized capital gains of $440 million and a 1.9% increase in Property-Liability […]
Auto Club Announces Third Round of Financial Relief for Auto Insurance Policyholders
The Automobile Club of Southern California announced that AAA members who insure their vehicles through the Interinsurance Exchange of the Automobile Club will receive a third round of premium refunds totaling approximately $46 million. This latest COVID-19 financial relief is in addition to almost $92 million in refunds provided in May and $58 million in […]
Boyd Group Acquires Three Collision Repair Centers in Michigan
The Boyd Group Inc. announced the acquisition of three collision repair centers in the Upper Peninsula of Michigan. The three new Gerber Collision & Glass repair centers, located in Escanaba, Kingsford and Marquette, previously operated as Classic Auto Collision Centers originating in 1984 in Escanaba. A new repair center was built in 1990 and a […]
WIN Kicks Off 2021 Sponsorship Campaign
The Women’s Industry Network (WIN) announced the kick off its 2021 sponsorship campaign in that will continue through the spring of 2021. WIN provides a forum to promote diverse perspectives, address industry challenges, and move the collision repair industry towards a successful future. The organization’s main goals are to: 1) Strengthen the Network, 2) Resource […]
Modine Sells Majority of Automotive Cooling Business to Dana
Modine Manufacturing Company (NYSE: MOD) announced that it has signed a definitive agreement with Dana Incorporated to sell the liquid-cooled portion of its automotive business, which represents approximately 70% of its Automotive business revenue. The transaction is an important milestone in Modine’s previously announced plan to exit its Automotive business. The transaction is expected to […]
Balise Collision Repair Opens New Location in Massachusetts
Newest facility is the dealer collision repair facility operator’s third in Massachusetts and sixth in New England. Balise Collision Repair, part of Balise Motor Sales, announced the opening of a sixth collision repair center on November 2. The new facility, at 90 High School Road Extension in Hyannis, Mass., and is the group’s third location […]
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