Fitch Ratings says premium increases and moderating claims severity benefiting auto insurance companies. The improving, more favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and into 2025, Fitch Ratings says. Several rounds of material price increases and a moderation of claims severity trends has vastly […]
Mitchell Reports Battery Electric Vehicle Collision Claims Continue to Rise Despite Sales Slowdown
Claims frequency for repairable battery electric vehicles has jumped 45% in the U.S. and 39% in Canada year-over-year while increasing more gradually for hybrids. Mitchell, an Enlyte company today published its Q2 2024 Plugged-In: EV Collision Insights report. This edition features the latest U.S. and Canadian claims data on battery electric vehicles (BEVs), mild hybrid […]
U.S. Employer Health Care Costs Projected To Increase 9 Percent Next Year
Projected increase is above the 6.4% increase reported this year. The average cost of employer-sponsored health care coverage in the U.S. is expected to increase 9.0%, surpassing $16,000 per employee in 2025, according to Aon (NYSE: AON), the global professional services firm. This projected increase, which assumes employers do not implement employee cost sharing increases […]
Federal Trade Commission Announces Final Rule Banning Fake Reviews and Testimonials
The rule will allow agency to strengthen enforcement, seek civil penalties against violators, and deter AI-generated fake reviews. The Federal Trade Commission announced a final rule that will combat fake reviews and testimonials by prohibiting their sale or purchase and allow the agency to seek civil penalties against knowing violators. “Fake reviews not only waste […]
Texas Attorney General Sues General Motors Over Collection and Sale of Driving Data
Lawsuit alleges vehicle manufacturer deceived consumers on data collection and profited by the sale of data to insurers and third-parties. Texas Attorney General Ken Paxton sued General Motors for its false, deceptive, and misleading business practices related to what the Attorney General alleges is unlawful collection and sale of over 1.5 million Texans’ private driving […]
Caliber’s 13th Annual Restoring You Food Drive Provided Over 5 Million Meals to Help Combat Food Insecurity and Hunger
Annual campaign raised more than $800,000 and 107,000 pounds of food for 165 food banks across the United States. Caliber, parent company of Caliber Collision and Caliber Auto Glass, today announced the results of its 13th annual Restoring You Food Drive. In total, the annual collection event raised more than five million meals and more […]
California Bureau of Automotive Repair Launches Salvage Vehicle Inspection Program
Inspections designed to ensure revived salvage vehicles are safe to return to California roadways. The Bureau of Automotive Repair’s (BAR) Vehicle Safety Systems Inspection (VSSI) Program inspects vehicle safety systems to ensure revived salvage vehicles can be registered with the Department of Motor Vehicles (DMV) and safely returned to the road. The BAR says that […]
Rob Wagman Joins Aesop Auto Parts Board of Directors
Aesop Auto Parts announced the appointment of Rob Wagman to its Board of Directors. Wagman brings over 30 years of extensive experience in the automotive industry, having held key leadership roles and driving substantial growth at LKQ Corporation and other automotive companies. Wagman served as the President and CEO of LKQ Corporation from 2012 to […]
ASA Adopts Position Statement on Consumer Vehicle Choice
Association calls for financial support for independent repairers to invest in electric vehicle repairs if regulations requiring vehicle transition aren’t changed. The Automotive Service Association (ASA) published a position statement on consumer vehicle choice related to the electric vehicle (EV) transition. ASA raises concerns in the statement that EPA emission standards will limit the ability […]
Ford, Mazda Issue Do Not Drive Warnings for More Than 457,000 Vehicles with Recalled Takata Air Bags
The National Highway Traffic Safety Administration announced that Ford Motor Co. and Mazda North American Operations today have issued urgent “Do Not Drive” warnings for more than 457,000 vehicles equipped with recalled, unrepaired Takata air bags. Consumers with one of these vehicles should not drive it until the repair is completed and the defective air […]
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