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 […]
DCR Systems and Symach Creating Collision Repair Shop of the Future in Ohio
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 […]
Pre-Registration Deadline March 11 for Northeast Trade Show Education Program
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 […]
Boyd Group Acquires 18 Collision Repair Centers in New York State
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. […]
Fix Auto USA Adds Five Collision Repair Centers to Network in California and Arizona
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; […]
Copart Expands in Newburgh, New York
Copart, Inc. (NASDAQ:CPRT) expanded its Newburgh, New York location at 25 Riverview Drive in Marlboro, adding 25 acres of storage space to Copart’s existing 68 acres to meet customer capacity needs. “We are committed to increasing our storage capacity throughout the country to meet the growing demand of our services,” said Copart CEO, Jay Adair. […]
BMW and Daimler Announce Development Partnership on Automated Driving Technology
The BMW Group and Daimler AG are to join forces on automated driving. Initially, the focus will be on advancing the development of next-generation technologies for driver assistance systems, automated driving on highways and parking features (up to SAE Level 4). The two companies have signed a Memorandum of Understanding to jointly develop this technology, […]
State Farm Reports 2018 Underwriting Gain, 8.77% Decline in Auto Claims Cost and Loss Adjustment Expense
In 2018, State Farm experienced a property-casualty underwriting gain, as well as increases in total revenue, net income and net worth. As the number one Auto and Homeowners insurer in the U.S., State Farm remains committed to serving its policyholders. The State Farm property-casualty (P-C) group of companies reported a combined underwriting gain of $1.7 […]
Registration Open for September 16-18 CIECA Connex 2019
The Collision Industry Electronic Commerce Association (CIECA) announced that registration is now open for its 11th annual conference– Connex 2019. The event is being held in Charlottesville, Va., September 16-18. In addition to a 25th-anniversary celebration, there will be a powerful line-up of industry speakers, great networking opportunities, and a vehicle gifting by the National […]
Lawson Products Reports 2018 Sales Up 14.3%
Lawson Products, Inc. (NASDAQ:LAWS), the parent of Kent Automotive, announced results for the fourth quarter and year ended December 31, 2018. Net sales increased 7.0 percent to $86.3 million for the fourth quarter versus $80.6 million for the same period a year ago. Average daily sales grew to $1.414 million in the recent quarter compared […]
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