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, […]
USAA Expands Phoenix Campus
USAA announced the expansion of its Phoenix operations with the opening of a new three story, 147,000 square foot building located at 25700 Norterra Parkway. Adjacent to USAA’s current campus, the building brings the total occupied space to more than 1.1 million square feet. The expansion is driven by USAA’s growth in Phoenix and its […]
More than 125 Suppliers Convene in Washington DC for 2019 MEMA Legislative Summit
More than 125 members and affiliates of the Motor & Equipment Manufacturers Association (MEMA) and its four divisions — Automotive Aftermarket Suppliers Association (AASA), Heavy Duty Manufacturers Association (HDMA), MERA – The Association for Sustainable Manufacturing, and Original Equipment Suppliers Association (OESA) — participated in the annual MEMA Legislative Summit in Washington, D.C. on April […]
Nashville I-CAR Committee and Collision Repair Education Foundation Award Full Scholarship to Technician
The surprise award erased a young technician’s student debt. A fundraiser and a surprise scholarship benefited Tennessee collision students in April. With collision professionals from across the country in Nashville for industry meetings, the local I-CAR Committee used the opportunity to surprise one hard-working collision student, Zac Stephens, with a full scholarship. During the scholarship […]
Allstate Reports Revenue Up 12.5% in First Quarter
The Allstate Corporation (NYSE: ALL) reported revenue of $10.99 billion for the first quarter of 2019, up 12.5 percent from $9.77 billion in the first quarter of 2018. Net income was $1.261 billion, up 29.1 percent from 2018. Adjusted net income was $776 million, due to a better than expected property and liability insurance underlying […]
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