IAA, Inc. (NYSE: IAA) announced the expansion of its Baltimore, Md. and Culpeper, Va. branch locations. The additional acreage at these two locations will accommodate strong customer demand and increased inventory needs for the growing East Coast market. These expansions will increase the capacity of the 60 branches in this market. “Fueled by our industry […]
Painters Supply Acquires Five Location Distributor in Mid-Atlantic Region
Painters Supply & Equipment Co. (PSE) announced today that an affiliate of the company has completed the acquisition of Nyquist, Inc. The acquisition adds five locations in the Mid- Atlantic region. Based in Baltimore, Md., Nyquist was founded in 1955 by George Nyquist Sr., who later sold the business to his son George Nyquist Jr. […]
Multi-State MAACO Operator Stonewall Road Automotive Group Acquired
Calder Capital, LLC announced the sale of multi-state MAACO franchise operator, Stonewall Road Automotive Group LLC (SRAG), to Collision Consolidation Company LLC. SRAG operates five locations in metro Detroit, Mich., four in Maryland and one in Ohio and is one of the largest multi-unit franchisees within the national MAACO system. The company will continue to […]
Maryland Insurance Regulator Launches High School Student Apprenticeship Program to Promote Insurance Careers
The Maryland Insurance Administration announced it is participating in an apprenticeship program designed to attract much-needed talent to the insurance industry. The driving force behind the new program is Invest, which is affiliated with the Independent Insurance Agents and Brokers of America (The Big I) and has a mission is to educate, prepare and attract […]
Maryland Collision Repair Parts Bill Withdrawn
Legislation sought to define OEM, certified and non-certified part types and require written consent indicating parts choice. A bill before the Maryland legislature that sought to add a section to the Maryland Statutes to define the different types of crash parts used to repair a vehicle and require written consent from the insured to the […]
Maryland Bill Would Provide an Insured Option of Requiring OEM, Certified or Non-Certified Collision Repair Parts
Legislation defines parts types and requires written consent indicating parts choice. Legislation introduced in the Maryland House of Representatives on February 7 seeks to add a section to the Maryland Statutes that define the different types of crash parts used to repair a vehicle and requires written consent from the insured to the use of […]
Maryland Used Auto Parts and Scrap Dealers Convicted of Tax Fraud
A married couple in Clinton, Md. were convicted by a federal jury on June 7 of one count of conspiracy to defraud the Internal Revenue Service (IRS) and four counts of filing false income tax returns, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Robert […]
Maryland Insurance Regulator to Pay Nearly $37,000 to Settle Federal EEOC Equal Pay Suit
Federal agency finds female fraud investigators were paid less than males. The Maryland Insurance Administration, Maryland’s agency charged with regulating the insurance industry, will pay $36,802 to settle a federal pay discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. The EEOC charged that the Maryland Insurance Administration had […]
Abra Acquires Collision Repair Center in Maryland
Abra Auto Body Repair of America announced the addition of a new repair center in Aberdeen, Md. The acquisition of T&S Auto Body’s 9,800 sq. ft. collision repair center, located at 1110 S Philadelphia Blvd, closed yesterday. T&S has been operating in the same location for more than 40 years. “We look forward to introducing […]
Root Insurance Expands Into Maryland, North Dakota
Root Insurance announced that it is now available vehicle owners in both Maryland and North Dakota. The company, that recently announced an expanded staff presence at its headquarters in Columbus, Ohio, plans to offer coverage nationwide by 2019. Root uses smartphone technology and data science to understand actual driving behavior, the primary factor in determining […]
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