Garnett Station Partners, LLC, a New York-based principal investment firm founded in 2013 by Matt Perelman and Alex Sloane that manages approximately $1 billion of assets, today announced it has made a growth investment into VIVE Collision a collision repair multi-site operator. Financial terms of the transaction were not disclosed. Founded in 2021 by Vartan […]
Rhode Island Legislature Votes to Overturn Governor’s Veto of Unfair Claims Practices Regulation Bill
Legislation revises the state’s unfair claims handing regulations related to total losses, sublet markup and refinish materials calculations. The Rhode Island House and the Senate voted to overturn Rhode Island Governor Dan McKee’s July veto of House Bill 6324 (HB 6324) during its session on Tuesday, January 4 at the State House. The Rhode Island […]
Rhode Island Legislators Plan Vote to Overturn Governor’s Vetoes of Collision Repair Bills
The legislation that was vetoed in July revises Rhode Island’s unfair claims practices regulations related to sublet markup and refinish materials calculations among other items. The Rhode Island House and the Senate announced last week it will return to session on Tuesday, January 4 at the State House to finish up several matters from the […]
Rhode Island Governor Vetoes Collision Repair Legislation
Governor McKee objects to language requiring insurers to pay for sublet services. On Friday, Rhode Island Governor Dan McKee vetoed House Bill 6324 (HB 6324) that would have amended Rhode Island’s Unfair Claims Practices laws to clarify several areas of insurance company requirements relative to payments for paint, body and refinish materials, as well as […]
Rhode Island Senate Passes Legislation to Clarify Paint, Body and Refinish Materials Payment Regulations
Bill now goes to Rhode Island House of Representatives. Legislation in Rhode Island that seeks to update Unfair Claims Practices laws came one step closer to enactment with its passage yesterday by the Rhode Island Senate. The legislation, Senate Bill 870 (SB 870), introduced in May, seeks to amend Rhode Island’s Unfair Claims Settlement Practices […]
Rhode Island $15 Minimum Wage Bill Signed into Law
Legislation will gradually raise the minimum wage to $15 over four years. Legislation sponsored by Rep. David A. Bennett and Sen. Ana B. Quezada to raise the minimum wage in Rhode Island from $11.50 to $15 over the next four years was signed into law by Gov. Dan McKee on May 20, two days after […]
Rhode Island Legislation Seeks to Clarify Paint, Body and Refinish Materials Payment Regulations
Bills specify examples of materials calculators. Requires vehicle owner written consent if insurer not retaining salvage. Prohibits insurers refusing to pay for sublet services. Two bills introduced in Rhode Island seek to update Unfair Claims Practices laws to provide specific examples of materials calculation systems and add a requirement that insurers get written consent from […]
Rhode Island Woman Charged with Embezzling $580,000 from Collision Repair Shop
Secretary redirected insurance checks to her personal and family member accounts during two-year period. A Pawtucket, R.I. woman was arraigned in federal court in Providence on April 1 and released on personal recognizance, charged with allegedly executing a scheme to defraud her auto body repair shop employer of approximately $580,000. It is alleged in the […]
Rhode Island Reinstitutes Requirements for Physical Inspection of Collision Repair Claims Following Reopening
Insurance regulator will resume enforcement of regulations requiring physical inspections on claims over $2500. The Rhode Island Department of Business Regulation Insurance Division announced it will resume enforcement of physical inspection requirements that had been paused in March due to the coronavirus pandemic. On July 1, the Division updated its Bulletin Number 2020-2 that had […]
Providence Lacquer Joins Refinish Distributors Alliance
The Refinish Distributors Alliance (RDA) announced that Providence Lacquer in Cranston, R.I. is its newest member. Providence Lacquer has been a family owned and operated business for 71 years. The business was started in 1948 by Fredrick “Red” Kafrissen. They have grown to five locations in four states. Their headquarters and warehouse is in Cranston […]