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Employer Medical Benefit Costs to Nearly Double the Rate of Inflation in 2020

September 13, 2019 By CollisionWeek Editor

Health Care Benefit Cost Growth from 2019 to 2020

While U.S. employer health benefit increases with be high, global health benefit costs set to nearly triple. U.S. employer-provided medical benefit costs are forecast to rise 6.5 percent in 2020, outpacing general inflation by 3.8 percent, according to the 2020 Global Medical Trend Rates Report released by Aon plc (NYSE:AON). The increase is projected to […]

Filed Under: News Tagged With: AON, Employee Benefits, Inflation

Chubb to Wipe Insureds’ Personal Digital Data on Total Loss Vehicles

September 13, 2019 By CollisionWeek Editor

Chubb logo

Chubb has launched a new exclusive service to help personal auto clients remove sensitive electronic information from their vehicles in the event of an insured total loss. To identify relevant information after a total loss, technicians will scan locations and wipe necessary systems on Chubb insured vehicles, subsequently clearing GPS, mobile contacts, text messages, and […]

Filed Under: News Tagged With: Chubb, Cybersecurity, Total Loss

Collision Repair Education Foundation Names Sulkala Family Scholarship Recipient

September 13, 2019 By CollisionWeek Editor

The Collision Repair Education Foundation announced the recipient of the Sulkala Family Scholarship. The Sulkala Family scholarship program honors NABC Founder and longtime executive director Chuck Sulkala who retired last year. Sulkala is also a Trustee Emeriti of the Foundation. The 2019 Sulkala Family Scholarship recipient, Joseph Silbaugh, Dunwoody College of Technology, Minneapolis, Minn., will […]

Filed Under: News Tagged With: Chuck Sulkala, Collision Repair Education Foundation, Scholarships

IAA Expands in Indianapolis

September 13, 2019 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced the expansion of its Indianapolis branch. This investment will increase the branch’s ability to support new customer demand in Indianapolis and the surrounding metropolitan area.  “This expansion brings needed resources to the Indianapolis branch and brings us to over 70 acres of capacity,” said John Kett, Chief Executive Officer and […]

Filed Under: News Tagged With: Indiana, Insurance Auto Auctions, Openings

Small Business Optimism Index Declined Slightly in August

September 12, 2019 By CollisionWeek Editor

August 2019 NFIB Small Business Optimism Index

Predictions of looming recession weigh on outlook. The National Federation of Independent Business (NFIB) Small Business Optimism Index fell 1.6 points to 103.1, remaining within the top 15 percent of readings. Overall, August was a good month for small business. However, optimism slipped because fewer owners said they expect better business conditions and real sales […]

Filed Under: News Tagged With: National Federation of Independent Business, Small Business Optimism Index

Darrell Amberson to Moderate November 4 MSO Symposium

September 12, 2019 By CollisionWeek Editor

Darrell Amberson, President of Operations at Minnesota-based LaMettry’s Collision, has been named as the event moderator for this year’s MSO Symposium. The event takes place Monday, November 4 at the Mandalay Bay hotel in Las Vegas, Nev. Early-bird registration for the MSO Symposium is available through September 20. “The MSO Symposium is an event like […]

Filed Under: News Tagged With: MSO Symposium

CSN Adds Two Collision Repair Centers to Network in Ontario

September 12, 2019 By CollisionWeek Editor

CSN Collision Centres announced the addition of CSN Formula and CSN Morningside, located in Scarborough Ontario, Canada. Owned and operated by the Drive Autogroup, the new locations are situated between Markham and Scarborough. Drive Autogroup serves customers throughout the greater Toronto area through a developed network of nine dealerships across the OEM spectrum. With Honda, […]

Filed Under: News Tagged With: Canada, CSN Collision Centres, Network Affiliations, Ontario

Axalta Sells Its 60,000th Spectrophotometer

September 12, 2019 By CollisionWeek Editor

Axalta spectrophotometer

Axalta Coating Systems (NYSE:AXTA) today announced that it has sold its 60,000th spectrophotometer, with 10,000 sold in the past 15 months. The company attributes the rapid increase in recent sales mainly to a strong global digitization trend. These increasingly popular handheld digital tools are an accurate and fast way of color matching that boost the […]

Filed Under: News Tagged With: Axalta Coating Systems

AAA Reports Annual Cost of Vehicle Ownership Rises to $9,282 on Higher Financing Costs

September 12, 2019 By CollisionWeek Editor

2019 AAA Cost of Vehicle Ownership by Vehicle Type

It’s going to cost more for those looking to buy a new car this year. Finance costs on new car purchases have jumped 24% in 2019, according to new AAA research, pushing the average annual cost of vehicle ownership to $9,282, or $773.50 a month. That’s the highest cost associated with new vehicle ownership since […]

Filed Under: News Tagged With: AAA, Vehicle Ownership Cost

Root Insurance Raises $350 Million in Latest Funding Round

September 11, 2019 By CollisionWeek Editor

Root Insurance announced it raised $350 million in Series E funding. Root has now raised a total of $523 million in funding, with an additional $100 million in debt financing. This latest round, led by DST Global and Coatue, raises Root’s valuation to $3.65 billion and provides additional capital to accelerate growth in existing markets […]

Filed Under: News Tagged With: Private Equity, Root Insurance

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