Preliminary results show the sentiment index up month over month but remains below year ago levels. Consumer sentiment was up slightly in mid-August compared to July according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index inched up to 67.8 in mid-August, up 2.1% compared to 66.4 in the July 2024 survey […]
Long Island Collision Repair Shop Owner Sentenced for Sales Tax Fraud
Shop owner pleaded guilty to stealing New York State taxes after failing to report over $2.8 million in taxable sales. The owner of several collision repair facilities in East Islip, N.Y. pleaded guilty to grand larceny and was sentenced for stealing sales tax. Suffolk County District Attorney Raymond A. Tierney announced in July that Brian […]
Chicagoland CARSTAR Raises Funds for Cystic Fibrosis Foundation
Chicagoland CARSTAR swung for a cure for cystic fibrosis by participating in the fifth consecutive, and highly anticipated, Fairways for Airways Golf Tournament. The event raised over $28,000 for the Cystic Fibrosis Foundation, with 140 golfers participating. “Being part of the Fairways for Airways Golf Tournament has been an amazing experience for everyone at CARSTAR,” […]
Gulf States Toyota Adds Auto Industry Veteran Jeff Buchanan to Leadership Team
Gulf States Toyota (GST), one of the largest distributors of Toyota vehicles and parts in the world – with a network of 156 Toyota dealerships across Texas, Oklahoma, Arkansas, Mississippi and Louisiana – announced today the addition of Jeff Buchanan to its leadership team. Buchanan, a seasoned automotive industry professional, will assume the role of […]
Colorado Adjuster Sentenced in Auto Insurance Fraud Lawsuit
Mastermind of $268k auto insurance fraud scheme sentenced to 20 years of probation. Colorado Attorney General Phil Weiser announced August 20 the sentencing of a woman who worked as an insurance claims adjuster and masterminded a scheme to steal hundreds of thousands of dollars in fraudulent auto insurance claims. Colette Palin, 63, of Aurora, Colo. was […]
Seth Ingall Named Chief Legal Officer at Crash Champions
Ingall served more than 35 years at GEICO in various leadership capacities. Crash Champions today announced the appointment of longtime insurance industry executive Seth Ingall as the organization’s Chief Legal Officer. Ingall brings more than 35 years of industry experience to the position, most recently serving as Senior Vice President & Chief Legal Officer at […]
Business Groups Celebrate Victory in Lawsuit Challenging Federal Noncompete Agreements Ban
On August 20, the U.S. Chamber of Commerce celebrated a legal victory for American businesses, workers, and the economy after the U.S. District Court for the Northern District of Texas set aside the Federal Trade Commission’s (FTC) ban on employment noncompete agreements. The rule had been set to take effect on September 4. U.S. Chamber […]
Ford Slows Rollout of Electric Vehicles
Vehicle manufacturer cancels fully electric SUV, expects to take up to $1.9 billion in special charges and write downs. Broadens electrification strategy to include more hybrid vehicles. Ford Motor Company announced it is adjusting the company’s North America vehicle roadmap to offer a range of electrification options designed to speed customer adoption – including lower […]
Researchers Collaborate on Best Practices for Automated Vehicle Evaluation
Researchers from the Insurance Institute for Highway Safety (IIHS) have joined colleagues from academia and the automated vehicle and insurance industries in issuing a set of best practices for future evaluations of highly automated vehicles. The recommendations, known as the Retrospective Automated Vehicle Evaluation (RAVE) checklist, emerged from a two-day working group meeting in January […]
Nearly 40% of Insured Drivers Have Chosen to Pay Out-of-Pocket for Repairs
Almost a quarter of respondents to LendingTree survey also report filing a claim and later regretting it. While auto insurance is meant to be a financial safeguard for drivers, many are opting not to use it according to a survey by LendingTree. In its latest analysis, LendingTree, an online marketplace for loans, credit cards and […]
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