Orders insurance companies to report by April 30 how they will return additional premiums back to California policyholders, also seeks additional data about commercial insurance losses. After a systematic review of data submitted by insurance companies, California Insurance Commissioner Ricardo Lara has found that insurance companies continue to “…overcharge consumers despite drastically reduced risk of accidents […]
American Family Extends Auto Insurance Premium Relief through May but Anticipates Increased Driving and Claims as Vaccines Roll Out
Fourth round of relief will issue customers a 5% premium credit for April and May. American Family Insurance announced today it will continue to provide premium relief to personal auto insurance customers due to reduced driving and claims from the COVID-19 pandemic. New and existing customers with personal auto policies will receive a 5% premium […]
Insurance Will Face COVID-19 Side-Effects Even After Pandemic Ends
Half of respondents indicate they will continue to work from home all or part of the time after the pandemic ends. A new study from the Insurance Research Council (IRC) finds that two-thirds of respondents worked from home at least part of the time during the COVID-19 pandemic. The survey, conducted in October, also reveals […]
US Department of Labor Issues Updated Guidance on Coronavirus Safety for Workers
The U.S. Department of Labor announced January 29 that its Occupational Safety and Health Administration has issued stronger worker safety guidance to help employers and workers implement a coronavirus prevention program and better identify risks which could lead to exposure and contraction. Last week, President Biden directed OSHA to release clear guidance for employers to […]
AAA of Southern California Announces Additional $70 Million In COVID Relief For Auto Insurance Policyholders
Free roadside assistance for medical personnel and first responders continues. AAA members who insure their vehicles through the Interinsurance Exchange of the Automobile Club will receive a fourth premium refund totaling approximately $70 million. This latest COVID-19 financial relief is in addition to almost $92 million in refunds provided in May, $58 million in July […]
ABPA Postpones Spring Convention Until Fall 2021
The Automotive Body Parts Association (ABPA) announced it will be postponing its Spring 2021 conference in Nashville, Tenn. until the Fall of 2021. The association will make a future announcement with the new dates and it will be remaining at the Nashville Renaissance hotel. In a letter, Ed Salamy, executive director of ABPA said, “We […]
I-CAR Details Updated COVID-19 Policies
Provides update to industry relief program launched last year in response to the coronavirus. In an open letter John Van Alstyne, CEO and President of the Inter-Industry Conference on Auto Collision Repair (I-CAR) on January 15, he detailed the non-profit training organization’s 2021 Industry Relief program to support the collision repair industry. “I-CAR was built […]
SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, All Lenders on Tuesday, January 19
Lenders with $1 Billion or less in assets will be able to submit first and second draw PPP applications on Friday – continuing dedicated access for Community-Based Lenders. The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion […]
SBA and Treasury Announce PPP Re-Opening
Applications for first PPP loan start today, second loan applications on January 13, The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced January 8 that the Paycheck Protection Program (PPP) will re-open this week for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial […]
Northeast Trade Show Rescheduled to September 10-12
Continuing impact of pandemic forces rescheduling of March event. The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced that its 2021 NORTHEAST Automotive Services Show will be rescheduled to September 10-12, at the Meadowlands Exposition Center (MEC) in Secaucus, N.J. The event was originally scheduled for March 19-21. “As the COVID-19 vaccines begin […]
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