The Boyd Group Inc. (TSE:BYD.UN) announced that it has acquired four collision repair centers in Calgary, Alberta. The facilities previously operated as Concours Collision Centres. “We are excited to be expanding our presence in the Calgary region, a large market with a population of approximately 1.5 million,” said Eric Danberg, President of the Boyd Autobody […]
Bill in U.S. House Would Reform Insurance Claims Adjuster Licensing
Would provide for uniformity in licensing requirements and reciprocity across states that license claims adjusters. A bill introduced in the U.S. House of Representatives, Claims Licensing Advancement for Interstate Matters Act or CLAIM Act. (H. R. 3363), seeks to reform uniformity and reciprocity among states that license insurance claims adjusters. The bill seeks to have […]
GEICO Premiums Written Up 16.7% in Second Quarter
Policies in force up 10 percent, premiums up five percent. Losses, however, increase faster than premiums. Berkshire Hathaway reported results for the second quarter of 2017 including GEICO, the second largest private passenger auto insurer in the U.S. GEICO premiums written in the second quarter were $7.27 billion, up $1 billion of 16.7 percent versus […]
Axalta Adds Live Virtual Training, Enhanced Master Certification in North America
Axalta Coating Systems (NYSE:AXTA) announced enhanced refinish learning and development offerings available to customers in the United States and Canada including live virtual training classes and an enhanced Master Certification. The new offerings further strengthen Axalta’s robust learning and development program that includes classroom, hands-on, and e-learning options. Axalta’s live virtual training, which covers the […]
NASTF Session at AAPEX to Spotlight OEM Service Information
National Automotive Service Task Force (NASTF) Fall 2017 General Meeting at AAPEX on Wednesday, Nov. 1, will kick off with a presentation to emphasize the value of OEM technical information websites for technicians working outside franchised dealerships. The session, The Most Underused OEM Service Info Resources, will familiarize attendees with the 40 light vehicle and […]
CARSTAR Canada Adds Collision Repair Center to Network in New Brunswick
CARSTAR Canada announced the addition of CARSTAR Shediac, a 6,500 sq. ft. facility, located at 277 Main Street, Shediac, New Brunswick to its network. Serge Leger, the owner of CARSTAR Shediac, grew up in the automotive industry, and has worked closely with his father, supporting collision repairs and customizing vehicles. Now, Serge is driven to […]
Small Business Optimism Regains Momentum in July
Job openings and plans to create new jobs lead monthly NFIB Index of Small Business Optimism The National Federation of Independent Business (NFIB) Index of Small Business Optimism rose 1.6 points to 105.2, preserving the surge in optimism that started the day after the election. Seven of the 10 Index components posted a gain, two […]
IAA Adds Over 500 Acres in Preparation for Severe Weather Season
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE:KAR), announced it has secured 22 real estate locations in ten states to prepare for the weather event season and potential catastrophic events. “Strategically expanding our presence helps meet demands for catastrophe (CAT) services in areas where our customers will most urgently need […]
Cambridge Automotive Group Donates $4500 for Children’s Miracle Network Hospitals
The Cambridge Automotive Group (CAG) recently donated $4500 to the Children’s Miracle Network Hospitals. The check was presented in Los Angeles on July 27. These funds will support the Children’s Hospital Los Angeles as a part of Maaco’s 45th Anniversary fundraising campaign. The Cambridge Automotive Group owns close to 40 Maaco locations in the Southwest.
Consumer Groups Call on NAIC to Disband Auto Insurance Working Group
Concerns regulators bowing to industry on data collection through third party. Consumer groups are calling on the National Association of Insurance Commissioners (NAIC) to disband its five-year old Working Group on Auto Insurance after the organization’s Auto Study Group following a decision over the weekend by the group to accept an industry plan covering data […]
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