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American Family Reports 107 Auto Combined Ratio in 2018

March 6, 2019 By CollisionWeek Editor

American Family reported its financial results for 2018. The insurer added $955 million to policyholder equity in 2018. This brings the group’s total equity to $9 billion, due largely to its merger with Florida-based mutual insurance company Main Street America, completed Oct. 31. American Family was not immune to drops in the financial markets as […]

Filed Under: News Tagged With: American Family, Combined Ratio, Earnings

CARSTAR Adds Collision Repair Center to Network in California

March 6, 2019 By CollisionWeek Editor

CARSTAR Douglas Auto Body

CARSTAR announced the addition of CARSTAR Douglas Auto Body, a 50,000 sq. ft. collision repair center located at 2453 E. Colorado Boulevard in Pasadena, Calif. to its independently-owned facilities. Originally started in 1956 by their father, CARSTAR Douglas Auto Body’s owners Armen and Kevin Daghla are eager to continue their father’s legacy while also accelerating […]

Filed Under: News Tagged With: California, CARSTAR, Network Affiliations

PPG Announces Show Truck Tour Schedule

March 6, 2019 By CollisionWeek Editor

PPG Show Truck

PPG (NYSE:PPG) announced its red, white and blue PPG tractor-trailer rig, a rolling exhibit of premium PPG products, will kick off its 2019 cross-country trip on March 8 at the 9th annual Goodguys Spring Lone Star Nationals at the Texas Motor Speedway in Fort Worth. The truck will make 12 appearances across the country, concluding […]

Filed Under: News Tagged With: PPG Industries

Consumer Confidence Up in February

March 5, 2019 By CollisionWeek Editor

Consumer Confidence February 2019

Small rebound in confidence after end to government shutdown. Index below last year. The February bounce back in consumer sentiment following the end of the Federal shutdown was relatively small, according to the latest University of Michigan Surveys of Consumers. Aside from January’s depressed level due to the shutdown, sentiment was only lower in one […]

Filed Under: News Tagged With: Consumer Sentiment Index

Wesco/Color Compass Acquires WD Co-Auto’s PBE Division

March 5, 2019 By CollisionWeek Editor

Wesco Group logo

Wesco/Color Compass, the paint, body and equipment distributor in the western U.S. and Canada, announced the acquisition of Edmonton, Alberta-based WD Co-Auto’s PBE Division. WD Co-Auto’s PBE Division serves independent and member-dealer collision centers across British Columbia, Alberta, Saskatchewan and Manitoba. WD Co-Auto has selected Color Compass as their preferred and exclusive supplier of body […]

Filed Under: News Tagged With: Acquisitions, Alberta, Canada, Wesco

Massachusetts Auto Lender Alleges CCC Understates Total Loss Values

March 5, 2019 By CollisionWeek Editor

Boston news radio station reports allegations of systemic low valuations on total losses. Repair association hopes Division of Insurance examines shop and insurer estimating platforms. According to a report by Boston radio station WBUR, the Massachusetts Division of Insurance is investigating allegations by Source One Financial Corp., a Norwell, Mass. auto lender that CCC Information […]

Filed Under: News Tagged With: AASP/MA, Insurance Department, Massachusetts, Total Loss

DCR Systems and Symach Creating Collision Repair Shop of the Future in Ohio

March 5, 2019 By CollisionWeek Editor

Symach and DCR Systems have announced that the companies will be performing an overhaul at Classic Accident Repair Center, a 40,000-square-foot collision repair facility in Mentor, Ohio to increase the facility’s capacity. As part of the conversion process, Symach technology and equipment will be installed while utilizing DCR Systems’ patented production process. Osvaldo Bergaglio, Symach’s […]

Filed Under: News Tagged With: DCR Systems, Ohio, Symach

Pre-Registration Deadline March 11 for Northeast Trade Show Education Program

March 5, 2019 By CollisionWeek Editor

The NORTHEAST Automotive Services Show is next week and organizers are reminding attendees to pre-register for the Collision Professional Repairer Education Program (P.R.E.P.) series. The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) and the Washington Metropolitan Auto Body Association (WMABA) have partnered once again to offer this educational series which will be held […]

Filed Under: News Tagged With: Northeast Trade Show

Boyd Group Acquires 18 Collision Repair Centers in New York State

March 4, 2019 By CollisionWeek Editor

Marks entry into 27th state. The Boyd Group Inc. announced the acquisition of an 18 collision repair center-MSO located in New York State. The acquisition marks Boyd’s entry into its 27th state. The Carubba Collision repair centers are located throughout upstate New York, including the market areas around the cities of Albany, Buffalo and Syracuse. […]

Filed Under: News Tagged With: Acquisitions, Boyd Group, Carubba Collision, New York State

Fix Auto USA Adds Five Collision Repair Centers to Network in California and Arizona

March 4, 2019 By CollisionWeek Editor

Fix Auto USA announced the addition of five new franchise locations, bringing Fix Auto USA’s total number of locations to 148. The additional locations expand Fix Auto USA’s geographic footprint in multiple markets including: Northern California, the greater Phoenix area, and Southern California. The locations include: Fix Auto Berkeley (Berkeley, CA) -Formerly Platinum Collision Center; […]

Filed Under: News Tagged With: Arizona, California, Fix Auto USA, Network Affiliations

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