Rental provider has $1 Billion in cash on hand to support continuing operations as coronavirus crisis impacts business. Hertz Global Holdings, Inc. (NYSE:HTZ) on May 22 announced it and certain of its U.S. and Canadian subsidiaries have filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. […]
CAPA Creates New Standard for Automotive Sensors
The Certified Automotive Parts Association (CAPA), the non-profit standard-setting and certification organization for automotive collision repair parts, announced its new CAPA Standard 703 for automotive sensors. The standard is applicable to ultrasonic park distance control (PDC) sensors but may be expanded to include other types of sensors in the future. It contains requirements for function, […]
AkzoNobel Expands Sikkens Online Resources for U.S. Market
AkzoNobel Vehicle Refinishes today announced that it has launched a Sikkens Vehicle Refinishes website specific to the United States market. “We are excited to provide a direct, online resource for products available in the United States,” says John Eubanks, Marketing Manager for AkzoNobel Vehicle Refinishes Americas. “Previously, customers could access this information through the global […]
Women’s Industry Network Announces 2020-2021 Board
The Women’s Industry Network (WIN) announced the appointment of two new members to its Executive Committee (EC) and a new member to its Board of Directors. Accepting new leadership positions with WIN are: As Secretary – Liz Stein, VP of Industry Relations, Assured Performance Network As Administrative Vice Chair – Tanya Sweetland, Strategic Advisor, Map […]
Progressive Reports Personal Auto Policies in Force Up 10% in April Compared to 2019
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 […]
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