State Farm announced that in 2019, its property and casualty insurance companies experienced growth in policies while reporting lower earned premium compared to 2018. According to the company the decrease in property-casualty (P-C) earned premium reflects a focus on returning value to customers in the form of lower premiums when appropriate. The State Farm P-C […]
San Antonio Collision Repair Shop Owner Sentenced to Two Years in Jail for Forging Customer Signature on Claim Check
The Texas Department of Insurance San Antonio body shop owner Arturo Martinez was sentenced to two years in state jail on February 27 after an investigation by the Department found he had cashed insurance claim checks without repairing his client’s car. TDI fraud prosecutor Nicole Thornbro says the car was taken to Martinez’s shop after […]
Pre-Registration Deadline March 11 for NORTHEAST Trade Show Education Program
Time is running out to pre-register for the NORTHEAST Automotive Services Show Collision Professional Repairer Education Program (Collision P.R.E.P.) series. The deadline to pre-register is March 11. Hosts of the annual regional event (the largest of its kind on the East Coast), the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) has once again […]
LKQ Completes Sale of Two Czech Distributors
LKQ Corporation (Nasdaq: LKQ) announced that it has closed its previously announced agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed. Dominick Zarcone, President and Chief Executive Officer of LKQ, stated, “This divestiture reinforces our ongoing commitment to rationalizing […]
Maaco Announces New Greenfield Location in Mississippi
Maaco Collision Repair and Auto Painting announced the opening of a new ground-up Maaco Collision and Auto Painting center in Tupelo, Miss. The facility is owned by franchisees Tony Knight and Kenneth Greer. Knight, who is the operational partner, worked 12 years at a car dealership in sales, finance and management before he decided in […]
February Retail Vehicle Sales Projected to Surpass More Than a Million Units For Only Third Time Since 2005
New-vehicle retail sales in February are expected to be up from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,016,000 units, a 0.2% increase compared with February 2019. Reporting the same numbers without controlling for the number of selling days translates to […]
CIECA to Hire Technical Project Coordinator
The Collision Industry Electronic Commerce Association (CIECA) announced that it is looking to fill the position of Technical Project Coordinator. “With CIECA’s current project coordinator retiring, we are seeking an individual to bring CIECA into the future and to be an advocate for greater standards use and development,” said CIECA board member Phil Martinez, chairman […]
Crash Champions Acquires Three Collision Repair Centers in Ohio
Crash Champions, the Illinois-based multiple collision repair shop operator, announced acquisition of three collision repair centers from Auto Body Collision and Glass (ABCG) in Columbus, Ohio. The acquisition, effective March 2, marks Crash Champions first expansion outside Illinois. Darrell Patterson, Executive Vice President of ABCG, along with his teammates, will be integrated into the Crash […]
CARSTAR Adds Collision Repair Center to Network in Minnesota
CARSTAR announced the opening of CARSTAR Precision Collision Auto Body, an 8,000 square foot collision repair facility,located at 13928 233rd Street, in Cold Spring, Minn. Gary Spychala, Erik Gebault and Mark Seidenstricker are the owners of CARSTAR Precision Collision Auto Body. The team has been in the industry for over 15 years, with Spychala and Gebault […]
Tractable Raises $25M in Series C Investment Round
Tractable, the technology company developing artificial intelligence (AI) for accident and disaster recovery, announced a $25 million Series C investment, led by Georgian Partners with participation from existing investors, including Insight Partners and Ignition Partners. The round nearly doubles the total raised by Tractable, to $55 million. The investment will be used to accelerate Tractable’s […]
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