State Farm Ventures highlighted its search for disruptive technologies that would benefit State Farm Policy holders and has added the ability to pitch ideas at its new website. State Farm Ventures, a wholly owned subsidiary of State Farm, launched in 2018 with a $100 million investment commitment and has already provided funding to nine companies. […]
Automakers and Parts Suppliers Can Resume Production in Michigan Today
Ford announces parts depots resume full operations today, production plants coming online May 18. Good news for collision repair facility operators experiencing parts shortages as Michigan Governor Gretchen Whitmer signed an executive order on May 7 that will allow manufacturing workers, including those at Michigan’s auto companies, to resume work today as part of her […]
Shift Technology and Snapsheet Partner on Fraud Detection
Shift Technology, a provider of AI-native fraud detection and claims automation solutions, and Snapsheet, a provider of claims management technology and virtual appraisal solutions for insurance carriers, risk managers and TPAs, announced a strategic partnership between the two companies. As a result of the agreement, users of Snapsheet’s claims management platform can receive notification of […]
ASE to Resume Testing May 18
The National Institute for Automotive Service Excellence (ASE) will begin to resume testing on May 18 in selected areas of the country with test-center availability and lifted stay-at-home orders, it was announced today by Tim Zilke, ASE president and CEO. “As always, our overriding priority remains the health and safety of automotive service professionals and […]
Ryan Bruno Appointed President and CEO of CSN Collision Centres
CSN Collision Centres, announced the role of President & CEO now belongs to Ryan Bruno. After joining CSN two years ago as the company’s Chief Financial Officer, Bruno will now lead the Canada-based collision repair network. Since 2018 Ryan has been responsible for CSN’s financial and strategic direction, an area of expertise he cultivated from […]
Collision Repair and Insurance Associations Join with Over 100 Trade and Business Groups to Advocate for Additional Federal Grants
The Automotive Service Association (ASA), the Society of Collision Repair Specialists (SCRS), the American Property Casualty Insurance Association (APCIA) as well as groups representing insurance agents, joined with more than 100 trade associations and business organizations spanning 30 business sectors and representing 58 million employees, fully 45 percent of the American workforce, to announce the […]
EPA and CDC Release Guidance on Cleaning and Disinfecting Spaces
Guidance designed to help businesses and families implement Opening Up America Again guidelines. The U.S. Environmental Protection Agency (EPA) and the Centers for Disease Control and Prevention (CDC) recently released updated guidance to help facility operators and families properly clean and disinfect spaces. Developed in concert with the White House, the guidance provides step-by-step instructions […]
3M Awarded Department of Defense Contracts to Expand U.S. Production of N95 Respirators
3M announced it has been awarded two contracts through the U.S. Department of Defense in recent weeks that will help the company expand U.S. production of N95 respirators from 35 million per month to more than 95 million per month by October. Beginning in January, 3M ramped up production of respirators and doubled its global […]
Property/Casualty Insurers Report Solid Results in 2019
Industry expected to face challenges this year due to COVID-19. The private U.S. property/casualty insurance industry had solid results in 2019, with increases in net income, underwriting gains, and policyholders’ surplus, but faces considerable challenges in 2020 as the effects of the COVID-19 pandemic unfold, according to Verisk (NASDAQ:VRSK), a data analytics provider, and the […]
IAA Reports Revenue Up 2.6% in First Quarter
IAA, Inc. (NYSE:IAA) reported consolidated revenues increased 2.6% to $366.6 million from $357.2 million in the first quarter of fiscal 2019 that ended March 29. First quarter revenue includes $2.4 million of revenue from DDI, which was acquired on July 31, 2019. Foreign currency movements had a negative impact of $0.4 million on revenue for […]
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