Decline of over 29 percent in net income compared to 2016 The private U.S. property/casualty insurance industry saw its net income after taxes drop to $15.5 billion in first-half 2017 from $21.8 billion in first-half 2016—a 29.2 percent decline—and its overall profitability as measured by its annualized rate of return on average policyholders’ surplus fall […]
LKQ’s North American Operations Breaks Ground on New Headquarters in Nashville
LKQ Corporation announced it officially began construction on a new 100,000 square foot office building in Nashville, Tenn. that will serve as headquarters for LKQ’s North American Operations. With approximately 400 employees in the Nashville area, this new facility will allow LKQ to consolidate its current corporate support staff employees from their Grassmere Park and […]
Lift Institute Online Lift Safety Training Now Available in Spanish and on Mobile Devices
The Automotive Lift Institute (ALI) has completely updated its Lifting It Right online training course. The interactive course covers safe lifting practices for all types of automotive lifts. For the first time, the course is now offered in English or Spanish. 2017 marks the 30th anniversary of the introduction of Lifting It Right as a […]
Americans Spend Smaller Portion of Expenses on Transportation Today than 3 Decades Ago
Although the average cost of a new vehicle today is well over $30,000 and the price of gasoline has more than doubled in the past 30 years, Americans spend less on transportation today than they did back when the first George Bush was president. In 1989, American households averaged 18.9 percent of all expenditures on […]
BASF Supports Young Spray Painters at WorldSkills Competition
To support up-and-coming automotive refinish spray painters and young talent, BASF’s Coatings division is a global sponsor of the WorldSkills International association until at least 2019. “As a sponsor of the WorldSkills competition, BASF Automotive Refinish wants to encourage young talent to consider refinish painting as a profession,” said Marvin Gilfillan, BASF Vice President, Business […]
U.S. Senate Committee Approves Amended Autonomous Vehicle Legislation
Amendment provides for Federal Advisory Committee that includes aftermarket representatives. ASA, PCI supports data access and cybersecurity amendment A key concern for the independent automotive service and collision repair industries as well as auto insurers with autonomous vehicle legislation moving through the U.S. Congress was access to data generated by vehicle systems necessary to repair […]
NABC’s Program Provides Firefighters with Crash Course on How to Cut Up Complex Vehicles
The National Auto Body Council (NABC), Caliber Collision and State Farm teamed up with the Insurance Institute for Highway Safety to host a special First Responder Emergency Extrication (FREE) training program for 75 firefighters representing 14 fire and rescue companies throughout Virginia, Maryland and New York. NABC’s training program is designed to provide specialized instruction […]
State Farm Reports Deer Hit Damage Costs Up
Animal hit claim cost up 4.6 percent State Farm released the results of its 15th annual deer claim study that helps define that danger for drivers. It ranks states by the potential likelihood a driver has of hitting a large animal, like deer, elk, moose or caribou. This year’s study has some good news for […]
Women’s Industry Network Kicks-off 2018 Membership Drive
The Women’s Industry Network (WIN) announced the kick-off of its annual #ALLIN4WIN Membership Drive. The drive will run through Dec. 31 and will offer special membership pricing of $109 for the both the remainder of 2017 and all of 2018. Additionally, anyone who joins or rejoins WIN during the drive will be entered into a […]
Texas Jury Finds Collision Repair Center Responsible for Improper Repairs in $42 Million Lawsuit
A jury assigned a Texas collision repair center 75 percent liability in a case brought by Dallas couple who suffered injuries in a car accident in a vehicle that had collision repairs performed that did not follow manufacturer procedures. A jury in the 192nd Civil District Court in Dallas County, Texas found in favor of […]
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