Fix Auto Canada announced that Fix Auto Bathurst located in Bathurst, New Brunswick has joined its network. The collision repair center is a part of the Hatheway organization, which also includes Ford, Nissan and Toyota dealerships. “Providing our customers with the best possible service has always been our number one priority,” said David Hatheway, President […]
Court Upholds California DOI $27.5 Million Fine Against Mercury Insurance for Charging Additional Fees for Auto Insurance
Yesterday, the California Court of Appeal upheld a $27.5 million fine the Department of Insurance issued against Mercury Insurance Company for charging illegal fees that should have been disclosed as premiums, a violation of Proposition 103. The fine is the largest in the Department’s history against a property and casualty insurer. In 2015, the Commissioner […]
KAR Auction Services Reports First Quarter Revenue Up 10%
CEO says firm advancing proposed spin-off of Insurance Auto Auctions. KAR Auction Services, Inc. (NYSE: KAR) reported its first quarter revenue of $1.0468 billion as compared with revenue of $950.5 million for the first quarter of 2018, an increase of 10 percent. Net income for the first quarter of 2019, ended March 31, decreased 14 […]
LKQ Announces Exclusive Distribution Agreement with GUNIWHEEL
LKQ Corporation announced it has reached an agreement with GUNIWHEEL LLC for the exclusive distribution of the GUNIWHEEL System for North America and Europe. The GUNIWHEEL is a universal four and five lug bolt pattern transport wheel that can be used as an alternative method to temporary jack stands or lifts. When a vehicle has […]
U.S. Property-Casualty Insurers Report 66% Increase in Net Income in 2018
Results driven by growth in premiums and decline in catastrophe losses. Private U.S. property/casualty insurers saw their net income after taxes rise to $60 billion in 2018 from $36.1 billion in 2017—a 66.3 percent increase—helped by double-digit premium growth and a significant decline in catastrophe losses, according to Verisk (NASDAQ:VRSK) and the American Property Casualty […]
MSO Symposium Moves to Las Vegas in November
The 8th Annual MSO Symposium will take place on Monday, November 4th, 2019 in Las Vegas, Nev. in conjunction with other collision repair industry meetings taking place around the SEMA show. The event will be held at the Renaissance Las Vegas Hotel starting at noon with a networking lunch. The program will begin at 1 […]
SkillsUSA Names 24 Schools as National Models of Excellence
SkillsUSA recently named 24 SkillsUSA chapters as Models of Excellence for 2019. At the top level of SkillsUSA’s Chapter Excellence Program, these schools are recognized for the exceptional integration and application of personal, workplace and technical skills in their SkillsUSA chapter activities. This is the highest award bestowed on chapters by SkillsUSA, which is one […]
Toyota Launches New $100 Million Venture Fund to Invest in Autonomous Mobility and Robotics Startups
Silicon Valley-based venture capital firm Toyota AI Ventures (TAIV) announced its Fund II, a new $100 million fund dedicated to investing in early-stage startups developing disruptive technologies and business models in the autonomous mobility and robotics markets. Led by founding managing director Jim Adler, who also serves as executive advisor at the Toyota Research Institute […]
Thatcham Research Automotive Academy Report 92% Completion Rate on Apprenticeship Program
At a time when the UK’s National Audit Office’s (NAO) report reveals apprenticeship starts have fallen substantially, Thatcham Research apprenticeship results are growing. The UK Education and Skills Funding Agency (ESFA) confirmed that the Thatcham Research Automotive Academy has recorded 92 percent for its apprenticeship training Qualification Achievement Rates (QAR). This result is remarkable given […]
AASP/NJ to Address Collision Repair Labor Rates and Procedure Issues in Seminars May 22-23
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) will host two seminars focused on addressing labor rates and procedure issues through the Variable Rate System (VRS) by National AutoBody Research. AASP/NJ will host the seminars at locations in both the north and south of New Jersey. The North event will be held Wednesday, […]
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