The Allstate Corporation (NYSE: ALL) has agreed to sell Allstate Life Insurance Company (ALIC) to entities managed by Blackstone for $2.8 billion. ALIC holds approximately 80% (or $23 billion) of Allstate’s life and annuity reserves and generated net income of $467 million in 2019 and a net loss of $23 million in the first nine […]
CARSTAR Adds Collision Repair Center to Network in Washington State
CARSTAR announced the addition of CARSTAR Port Orchard, an 11,000 sq. ft. facility located at 2005 Sidney Ave, in Port Orchard, Wash. to its network of independently owned collision repair centers. This is the second CARSTAR facility for husband and wife duo Pat and Wendy Murray as well as Pat’s brother Tom. They are excited […]
Colors on Parade Adds Two Franchises in Arkansas
Colors on Parade, the mobile automotive paint and dent repair services franchise, is pleased to announce the opening of its newest franchise units in Northwest Arkansas. Servicing the Northwest Arkansas/Southwest Missouri region, the new franchises are owned and operated by Billy Routt and Jon Norton. Working alongside Area Developers, Daniel Billingsley and Josh Leaton, Routt […]
AAA of Southern California Announces Additional $70 Million In COVID Relief For Auto Insurance Policyholders
Free roadside assistance for medical personnel and first responders continues. AAA members who insure their vehicles through the Interinsurance Exchange of the Automobile Club will receive a fourth premium refund totaling approximately $70 million. This latest COVID-19 financial relief is in addition to almost $92 million in refunds provided in May, $58 million in July […]
New Report Details Teen Driver Speeding Impact on Fatalities
The Governors Highway Safety Association (GHSA), in partnership with Ford Motor Company Fund, today released a new report that examines the significant role speeding plays in teen driver fatalities and offers practical tools to help parents rein in this lethal driving habit. The new analysis for GHSA found that from 2015 to 2019, teen drivers […]
Updated OEM-Recommended Lifting Points Guide Available
The 2021 edition of Vehicle Lifting Points for Frame Engaging Lifts from the Automotive Lift Institute (ALI) includes OEM lifting points for cars, SUVs, vans and light-duty trucks from model years 2000 through 2021 is now available. “You should never guess where to spot a vehicle on frame-engaging lift,” says R.W. “Bob” O’Gorman, ALI president. […]
ABPA Postpones Spring Convention Until Fall 2021
The Automotive Body Parts Association (ABPA) announced it will be postponing its Spring 2021 conference in Nashville, Tenn. until the Fall of 2021. The association will make a future announcement with the new dates and it will be remaining at the Nashville Renaissance hotel. In a letter, Ed Salamy, executive director of ABPA said, “We […]
Transtar Holding Company Sold to Blue Point Capital Partners
Private equity firm takes majority stake in parent of refinish coatings and materials supplier Transtar Autobody Technologies. Transtar Holding Company, a portfolio of automotive aftermarket and original equipment (OE) businesses including Transtar Autobody Technologies, announced the sale of majority ownership to private equity firm Blue Point Capital Partners. Founded in 1975 in Cleveland, Transtar Holding’s […]
Classic Collision Acquires 16th Collision Repair Center in Florida
The multiple store operator now has 58 collision repair centers in five states in Southeast and California. Classic Collision, LLC announced its first acquisition of the New Year with the acquisition of Arrow Collision in Miami, Fla. This is Classic Collision’s 16th Florida location and now operates 58 centers in Georgia, Florida, Alabama, South Carolina, […]
AASP/NJ Launches Health Plan Benefit
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced it has worked with the Amato Insurance Agency, a division of World Insurance Associates LLC, to offer the AASP/NJ Association Health Plan to all members, including those out of state, who are in good standing. “We are really proud to be the first to […]
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