With lower catastrophe losses, insurers saw net income increase to $17.1 billion. Private U.S. property/casualty insurers saw their net income after taxes more than double to $17.1 billion in first-quarter 2018 from $7.9 billion in first-quarter 2017, helped by lower catastrophe losses and increased reserve releases, according to ISO, a Verisk (Nasdaq:VRSK) business, and the […]
MEMA Opposes Additional Tariffs on China
Responding to the Trump Adminstration’s announced of additional “301” tariffs on China, the Motor & Equipment Manufacturers Association (MEMA) released a statement saying it opposes using tariffs to curb intellectual property (IP) theft and believes that the current, continued, and expected retaliatory tariffs could negate the Trump administration’s recent successful work on behalf of American […]
House Committee Approves Increase for Perkins Career and Technical Education Grants
The Association for Career and Technical Education (ACTE) reported yesterday that the U.S. House Appropriations Committee voted to advance the chamber’s Fiscal Year (FY) 2019 education funding bill. The measure was approved by the Labor, Health and Human Services, and Education appropriations subcommittee in June, but the markup to consider the bill in the full […]
Manufacturers Call on Nine States with Electric Vehicle Mandates to Help Increase Sales
The Alliance of Automobile Manufacturers (Auto Alliance) has sent letters to the governors of the nine states following California’s Zero Emission Vehicle (ZEV) mandate encouraging them to also follow California’s lead in adopting measures that can help increase sales, including investing in infrastructure, developing consumer incentives and committing to buy ZEVs for state and local […]
Still Time to Support Veterans Training for a Collision Repair Career Through 3M Hire Our Heroes
There is still time to support veterans and their families preparing for a career in the collision industry. The 3M Automotive Aftermarket Division, along with the Collision Repair Education Foundation, launched their 2018 fundraiser in May with two ways to participate: 3M Hire our Heroes 500, extended through Sunday, August 12, and Show Your Support […]
AirPro Diagnostics Launches Mobile Scanning Solution for Insurance and Collision Repair
AirPro Diagnostics (APD) announced the launch of its new FieldPro mobile scanning solution. FieldPro is an evolution in APD’s portfolio of tools and remote service solutions developed to create economic advantages for APD customers. The FieldPro is a pocket size scan tool that serves as a wireless link between a damaged vehicle and the insurance […]
Dent Wizard Names Jim Powers New CFO
Dent Wizard International announced it hired Jim Powers as chief financial officer, effective July 2. He will report to Dent Wizard CEO Mike Black. Powers comes to Dent Wizard with an extensive background in various leadership roles, most recently serving as president and CEO for St. Louis-based UniGroup Inc. and subsidiaries, including United Van Lines, […]
Boyd Group Acquires Locations In Ohio and Ontario
The Boyd Group announced two separate acquisitions in Brunswick, Ohio and Aurora, Ontario, Canada. On July 3, The Boyd Group acquired a location in Aurora, Ontario, Canada. Aurora is located just north of the Greater Toronto Area. The new Assured Automotive branded location previously operated as Garyray Collision. “We are very excited to add this […]
PPG Marks 135th Anniversary with NYSE Closing Bell Ceremony
PPG (NYSE:PPG) yesterday marked the 135th anniversary of its founding with Michael H. McGarry, PPG chairman and chief executive officer, and members of the company’s leadership team ringing the bell to signal the close of business on the New York Stock Exchange (NYSE). “Ringing the NYSE closing bell puts an exclamation point on our […]
Toyota Launches Car Share Service in Honolulu
Toyota announced the launch of a new mobility solution called Hui―a round-trip, station-based car share service in Honolulu, Hawaii. Operated by Servco Pacific (Servco), Toyota’s distributor in Hawaii, the Hui service utilizes Toyota’s proprietary global Mobility Service Platform (MSPF) and a consumer facing app developed by Toyota Connected North America (TCNA), the global technology strategy […]
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