Progressive Insurance will begin issuing credits to Florida personal auto policyholders after determining it exceeded the state’s statutory profit limit for the 2023-2025 accident year period. Florida law requires insurance carriers to return excess profits on a pro rata basis to policyholders when profits exceed the statutory limit. The insurer said it is issuing credits […]
USAA Files for 7% Auto Insurance Rate Decrease in Florida
USAA has filed for a 7% average decrease in auto insurance rates in Florida. The rate decrease is expected to take effect by May 2026 and would result in an estimated $125 million in annual savings for the insurer’s Florida policyholders. USAA serves military members, veterans and their families. “Every dollar counts for our active-duty […]
Collision Partners Completes First Two Acquisitions in Southeast
Collision Partners has completed its first two acquisitions, purchasing Fantastic Finishes, located in West Palm Beach, Fla. and Chassis Master, in Miramar, Fla. as the company begins expansion across the Southeastern United States. Russ Swift, founder of Fantastic Finishes, joins Collision Partners as director of strategic operations and as an equity partner. Scott Woodard, a […]
Florida Auto Insurers Cut Rates as State Officials Credit Legal Reforms
Top five insurance companies continue to reduce rates following recent 6.5% reduction across 78% of the auto insurance marketplace. Florida Insurance Commissioner Mike Yaworsky said the state’s auto insurance market continues to see rate reductions from major carriers, which he attributed to legal reforms enacted over the past two years. Yaworsky recently announced that the […]
Quality Collision Group Enters Florida with Acquisition of Luxury Collision Repair Center
Quality Collision Group announced it acquired 1st Class Auto in Pompano Beach, Fla., marking the Texas-based consolidator’s entry into its 13th state. The acquired shop specializes in luxury vehicle repair and holds certifications from Audi, Aston Martin, Acura NSX, Jaguar, Porsche, Range Rover and Tesla. The certifications require specific training, equipment and repair procedures to […]
General Motors Insurance Now Available in Florida
General Motors Insurance announced online that it is now available in Florida. With the addition, the total number of states where its auto insurance product is available grows to 18. In July, General Motors Insurance added three new states, including Arkansas, Colorado and Louisiana. General Motors Insurance is currently available in Alabama, Arizona, Arkansas, Colorado, […]
Florida Body Shop Owner Pleads Guilty to Bank Fraud
A Lakeland, Fla. auto body shop owner pleaded guilty to bank fraud after operating a scheme that defrauded financial institutions of more than $180,000 over two years, federal prosecutors announced earlier this month. Abraham Othman Yacoub, 27, faces up to 30 years in federal prison. A sentencing date has not been scheduled. From January 2021 […]
CARSTAR Adds Collision Repair Center in Deerfield Beach, Florida
CARSTAR announced the opening of CARSTAR GSI Collision, owned by Firial and Samer Ayoub located at 29 SE 10th Street in Deerfield Beach, Fla. The grand opening celebration on April 10 welcomed the Deerfield Beach community with a lively event featuring food trucks, a live broadcast from a local radio station, and a festive atmosphere. […]
Insurance Association Says Legislation Repealing Florida’s No Fault Auto Insurance System Raises Costs and Hinder State’s Insurance Market Recovery
The American Property Casualty Insurance Association (APCIA) raised concerns over the passage of Florida House Bill 1181 (HB 1181) out of the Florida House Insurance & Banking Subcommittee that would reform no-fault insurance and increase minimum coverage limits. “Efforts to repeal Florida’s no-fault auto insurance system could result in higher auto insurance costs and increased […]
Florida Bill Would Require Daily Law Enforcement Reporting from Collision Repair Shops
Legislation mandates crash reports for $5,000+ repairs. Florida association rallies opposition before hearing today. Florida’s collision repair industry is facing a potentially significant new regulatory requirement under the proposed “Lilly Glaubach Act” (SB 92), which is scheduled for a hearing before the Florida Senate Appropriations Committee on Agriculture, Environment, and General Government today, Tuesday, March […]
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