Overall earned premiums up five percent to $61.7 billion. Auto earned premiums up 6.9 percent to $38.8 billion. The State Farm property-casualty (P-C) companies yesterday reported an underwriting loss of $5.5 billion in 2016 on earned premium of $61.7 billion, compared to an underwriting loss of $2.1 billion on earned premium of $58.6 billion in […]
Copart Opens Its Fifth Illinois Location
Copart, Inc. (NASDAQ:CPRT) announced the opening of its fifth location in Illinois. “The opening of this location in southern Illinois addresses our increasing volume, which has been driven by both organic growth in the industry and market wins,” said Jay Adair, CEO of Copart. “Furthermore, it gives us the capacity for continued expansion in the […]
PPG Completes $19 Million Waterborne Automotive Coatings Production Line In China
PPG (NYSE:PPG) today marked the completion of a new $19 million high-performance waterborne and high-solids coatings production line at its Wuhu facility in Anhui province, China. The new line enhances the production and service capabilities of PPG’s automotive coatings business for customers in China. The new line at PPG’s Wuhu plant adds production for environmentally-friendly […]
Axalta and General Motors UK Renew Three-Year Agreement
Axalta Coating Systems (NYSE:AXTA) in the UK and General Motors UK have renewed their three-year agreement that names Axalta’s three premium global refinish brands – Cromax, Spies Hecker and Standox – officially approved suppliers for paint repairs on Vauxhall in the UK. “General Motors and Axalta have a long-standing relationship both in the UK and […]
FinishMaster Acquires PBE Distributor with Two Locations in Alaska
FinishMaster, Inc., a wholly-owned subsidiary of Uni-Select Inc. (TSE:UNS), announced yesterday it has acquired Hi-Tec/Professional Paint and Auto Body Supply, Inc. with two locations in Anchorage and Fairbanks, Alaska. The acquisition marks FinishMaster’s entry into the state. With the addition of Alaska, FinishMaster is now located in 33 states and has 222 branches. “We are […]
Service King Acquires Collision Repair Facility in San Diego Market
Service King Collision Repair Centers today announced the company has acquired Gene Townsend Auto Body and Paint, a single-location repair center, located at 609 South Marshall Ave. in El Cajon, Calif. “This is another exciting step in our continued journey to serve customers and business partners across the San Diego community,” said Alan Saviano, Service […]
Assured Performance Announces Clinics
Assured Performance announced they are introducing a series of educational clinics across the United States to instruct Certified shops on the intricacies of their Certified Collision Care Business Operating Model. The series will be initially delivered in 4-hour clinics entitled: “20/20 Vision -The Operating Model for a Certified Collision Care Provider”. During each clinic, attendees […]
WIN Tops 500 Members Following Fall Membership Drive
The Women’s Industry Network (WIN) announced that the #ALLIN4WIN Membership Campaign held during the fourth quarter of 2016 propelled their membership total to 508. “We are thrilled to see our highest membership numbers ever! It is inspiring to see the many women and men supporting the organization and our mission to engage women in the […]
CAPA Tops 10 Million Certified Lighting Part Milestone
The Certified Automotive Parts Association (CAPA) announced today it reached a major milestone in January when over 10 million lighting parts achieved CAPA Certification. This number includes headlamps, tail lamps, fog lamps, and reflectors. In 2016, CAPA certified 647 unique exterior lighting part numbers–the greatest number of lights in a single year since lighting parts […]
CCC Acquired by Advent International
Private equity firm acquires insurance and collision repair industry software provider. CCC Information Services Inc., the software and service provider to the automotive, insurance, and collision repair industries, announced today that Advent International, a global investment firm with deep experience in the technology sector, will purchase equity assets from CCC’s previous owners Leonard Green & Partners […]
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