Industry News

Bill in U.S. House Would Reform Insurance Claims Adjuster Licensing

Industry News - Wed, 08/09/2017 - 11:31am
Would provide for uniformity in licensing requirements and reciprocity across states that license claims adjusters.

A bill introduced in the U.S. House of Representatives, Claims Licensing Advancement for Interstate Matters Act or CLAIM Act. (H. R. 3363), seeks to reform uniformity and reciprocity among states that license insurance claims adjusters.

The bill seeks to have states create uniform criteria for adjuster that licensing by establishing uniform criteria regarding the integrity, personal qualifications, education, training, and experience of licensed independent claims adjusters for) property and casualty insurance, workers compensation insurance; and a state may choose to regulate.

Among the requirements

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GEICO Premiums Written Up 16.7% in Second Quarter

Industry News - Wed, 08/09/2017 - 11:13am
Policies in force up 10 percent, premiums up five percent. Losses, however, increase faster than premiums.

Berkshire Hathaway reported results for the second quarter of 2017 including GEICO, the second largest private passenger auto insurer in the U.S.

GEICO premiums written in the second quarter were $7.27 billion, up $1 billion of 16.7 percent versus the second quarter of 2016. For the first six months of 2017 premiums written were $14.857 billion, an increase of $2.1 billion of 16.1 percent, versus the first half of 2016.

According to the company, over the past year, voluntary auto policies-in-force grew approximately 10.2

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Axalta Adds Live Virtual Training, Enhanced Master Certification in North America

Industry News - Wed, 08/09/2017 - 10:52am

Axalta Coating Systems (NYSE:AXTA) announced enhanced refinish learning and development offerings available to customers in the United States and Canada including live virtual training classes and an enhanced Master Certification. The new offerings further strengthen Axalta’s robust learning and development program that includes classroom, hands-on, and e-learning options.

Axalta’s live virtual training, which covers the same curricula taught at Axalta’s Learning and Development Centers, is a solution for paint technicians who recognize the value of face-to-face learning, but are not able to travel.

Over two morning sessions, a qualified refinish instructor trains participants via a live, interactive, web-based broadcast. In

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NASTF Session at AAPEX to Spotlight OEM Service Information

Industry News - Wed, 08/09/2017 - 10:48am

National Automotive Service Task Force (NASTF) Fall 2017 General Meeting at AAPEX on Wednesday, Nov. 1, will kick off with a presentation to emphasize the value of OEM technical information websites for technicians working outside franchised dealerships.

The session, The Most Underused OEM Service Info Resources, will familiarize attendees with the 40 light vehicle and heavy duty OEMs that provide service information resources for access by technicians outside their franchise dealership. It will help independent technicians realize the full value of information provided on any one of the OEM technical information websites.

The meeting also will feature two additional

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CARSTAR Canada Adds Collision Repair Center to Network in New Brunswick

Industry News - Wed, 08/09/2017 - 10:44am

CARSTAR Canada  announced the addition of CARSTAR Shediac, a 6,500 sq. ft. facility, located at 277 Main Street, Shediac, New Brunswick to its network.

Serge Leger, the owner of CARSTAR Shediac, grew up in the automotive industry, and has worked closely with his  father, supporting collision repairs and customizing vehicles. Now, Serge is driven to grow the business, expand their regional reach and provide superior customer service and collision repairs.

 “My father is well-known in the area for his exceptional work and skill in the collision repair industry,” said Serge Leger. “He’s set me up for success teaching me everything

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Small Business Optimism Regains Momentum in July

Industry News - Tue, 08/08/2017 - 10:06am
Job openings and plans to create new jobs lead monthly NFIB Index of Small Business Optimism

The National Federation of Independent Business (NFIB) Index of Small Business Optimism rose 1.6 points to 105.2, preserving the surge in optimism that started the day after the election. Seven of the 10 Index components posted a gain, two declined, and one was unchanged. Since the recession, the Index peaked at 105.9 in January, just 0.7 points above the July reading. Main Street was buoyed by stronger customer demand despite the dysfunction in Washington, D.C. The economy (GDP) grew about 2 percent in the

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IAA Adds Over 500 Acres in Preparation for Severe Weather Season

Industry News - Tue, 08/08/2017 - 9:57am

Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE:KAR), announced it has secured 22 real estate locations in ten states to prepare for the weather event season and potential catastrophic events.

“Strategically expanding our presence helps meet demands for catastrophe (CAT) services in areas where our customers will most urgently need it,” said John Kett, CEO and president, Insurance Auto Auctions, Inc. “We know that being prepared means being proactive, not reactive. And our experience in successfully navigating severe weather situations, such as Hurricane Matthew and the Louisiana flooding, fuels our proactive approach to CAT operation

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Cambridge Automotive Group Donates $4500 for Children’s Miracle Network Hospitals

Industry News - Tue, 08/08/2017 - 9:54am

The Cambridge Automotive Group (CAG) recently donated $4500 to the Children’s Miracle Network Hospitals. The check was presented in Los Angeles on July 27. These funds will support the Children’s Hospital Los Angeles as a part of Maaco’s 45th Anniversary fundraising campaign.

The Cambridge Automotive Group owns close to 40 Maaco locations in the Southwest.

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Consumer Groups Call on NAIC to Disband Auto Insurance Working Group

Industry News - Tue, 08/08/2017 - 9:17am
Concerns regulators bowing to industry on data collection through third party.

Consumer groups are calling on the National Association of Insurance Commissioners (NAIC) to disband its five-year old Working Group on Auto Insurance after the organization’s Auto Study Group following a decision over the weekend by the group to accept an industry plan covering data collection of rates and statistics needed by regulators.

According to the consumer groups, on Sunday, the Auto Study Group abandoned a regulator proposal to collect data directly from insurance companies that would allow state regulators to assess auto insurance rating practices and affordability in their

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Genpact Expands U.S. Claims Management Capability with Acquisition of OnSource

Industry News - Tue, 08/08/2017 - 8:56am

Genpact (NYSE:G) announced that it has acquired OnSource, provider of a leading Inspection-as-a-Service (IaaS) product for property and casualty (P&C) insurance carriers and their customers. This transaction builds upon Genpact’s recent acquisition of BrightClaim and National Vendor that has expanded the company’s U.S. claims management capabilities. Terms of the deal are not disclosed.

OnSource uses advanced technologies – such as real-time browser-based communication, self-service applications, and drones – to put consumers in control of their insurance claims and fundamentally transform the process for insurance carriers.

The OnSource IaaS product will leverage Genpact Cora, Genpact’s artificial intelligence-based digital platform. The integration

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Fix Auto USA Launches Workshop Series September 23-25

Industry News - Tue, 08/08/2017 - 8:50am

Fix Auto USA that based upon input from its franchise partners it will deviate from its traditional Fix Auto USA annual conference and launch its Workshop Series. The inaugural event will be hosted in Los Angeles, Calif. from September 23-25th.

The invitation-only event focuses entirely on providing franchise partners and their senior staff with real-world operational techniques that can be easily implemented, monitored, and leveraged. Sessions in the inaugural event will cover flawless execution, building and maintaining high-performance teams, continuous improvement, and other operational takeaways. Presenters from within and outside the collision repair industry will be leading the workshop

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Saint-Gobain Acquires TekBond in Brazil

Industry News - Mon, 08/07/2017 - 11:14am

Saint-Gobain announced it has signed an agreement to acquire TekBond, the number two adhesives business in Brazil operating in the construction sector and on the automotive aftermarket.

TekBond supplies a broad range of adhesives, sealants, sprays and masking tapes all over Brazil. Its offer is based on a detailed knowledge of the market and customers to adjust its product formulations to local specifications.

TekBond will join the High-Performance Materials Activity of Saint-Gobain.

The deal is subject to the approval of the Brazilian antitrust authorities.

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Uni-Select Completes Acquisition of The Parts Alliance in the United Kingdom

Industry News - Mon, 08/07/2017 - 11:04am

Uni-Select Inc. (TSE:UNS), the parts distributor and parent of FinishMaster, announced that it has completed the previously announced acquisition of The Parts Alliance, the second largest nationwide independent distributor of automotive aftermarket parts in the United Kingdom.

As previously announced, the transaction in the amount of £205.0 million ($264.1 million) was fully funded with debt from available credit facilities.

 “We could not be more pleased to be adding The Parts Alliance to the Uni-Select family. This is an exciting new growth pillar for Uni-Select in the large and fragmented UK marketplace. The Parts Alliance is the UK’s second largest automotive

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CARSTAR Canada Adds Satellite Appraisal Location at Ford Dealer in Cambridge, Ontario

Industry News - Mon, 08/07/2017 - 10:56am

CARSTAR announced that CARSTAR Cambridge Appraisal has officially launched, located at 272 Hespeler Road, Cambridge, Ontario, Canada. The store will be a satellite location in the Ridgehill Ford dealership, with all service going to CARSTAR Cambridge. CARSTAR Cambridge Appraisal and CARSTAR Cambridge are owned by the LC Group, which is comprised of Ian Ladd, Peter Chavez, Osmar Nunez and Allen Mattice.

“We know how quickly Cambridge is growing, and the need for additional presence in the city was crucial to better service our customers,” says Allen Mattice. “The success we’ve had at our CARSTAR Cambridge location is a direct result

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Northeast Tradeshow Expanding in 2018

Industry News - Mon, 08/07/2017 - 10:52am
AASP/NJ’s event will nearly double with addition of new pavilion

The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced the expansion of the NORTHEAST 2018 Automotive Services Show. The industry’s largest regional trade show will almost double in size with the addition of the NORTHEAST Pavilion.

The show will be held March 16-18, 2018 at the Meadowlands Exposition Center in Secaucus, N.J.

“We have been discussing an expansion for the last few years,” AASP/NJ President Jeff McDowell says. “And after another sold out show this year, we really had no choice. It’s always about supply and demand and

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Toyota and Mazda Enter Business and Capital Alliance

Industry News - Fri, 08/04/2017 - 11:45am
Formed joint venture to produce vehicles in the United States. Will jointly develop electric vehicles and advanced safety technology with ultimate goal of creating a mobile society devoid of accidents.

Toyota Motor Corporation (Toyota) and Mazda Motor Corporation (Mazda) signed an agreement today to enter a business and capital alliance, with the aim of further strengthening their partnership.

Specifically, the companies agreed to:

  • establish a joint venture that produces vehicles in the United States,
  • jointly develop technologies for electric vehicles,
  • jointly develop connected-car technology,
  • collaborate on advanced safety technologies, and
  • expand complementary products.

In addition, together with the aim of

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Fix Auto Adds Collision Repair Center to Network in Australia

Industry News - Fri, 08/04/2017 - 11:29am

Terry Feehan, Head of Business for Fix Auto Australia announced the addition of Fix Auto Welshpool, owned and operated by Mark Zeyad Damer to its network, effective July 27.

In 2003, after ten years of learning and refining his craft, and inspired by his father, Mark opened his own collision repair center, Swan Smash Repairs. Over time, the business grew and prospered, and in 2007, the shop was moved to a larger location, to which an adjacent unit was added in 2011 to create capacity for increased business.

Feehan concluded, “As Fix Auto grows in Australia, we are looking for

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Autologic Diagnostics Acquires Farsight

Industry News - Thu, 08/03/2017 - 3:49pm

Autologic Diagnostics Inc., an Opus Group AB (STO:OPUS) subsidiary, has acquired MVDS, LLC d/b/a Farsight.  The purchase is valued at $1.2 million. Closing is anticipated for early August 2017.  After the acquisition, Farsight will be integrated with Autologic and its 20 employees will relocate to the nearby Autologic offices in Commack, New York within 90 days after closing.

Opus acquired Autologic in June.

Farsight provides remote diagnostics and vehicle communication technical services for the automotive aftermarket, primarily in the U.S. Farsight, founded in 2016, is on track to have revenues of approximately $2 million and positive operating cash flow in

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CARSTAR Adds Collision Repair Center to Network in Washington State

Industry News - Thu, 08/03/2017 - 3:34pm
Second CARSTAR franchise for owner Matt Earsley brings total to 25 CARSTAR locations in Washington,

CARSTAR Auto Body Repair Experts announced the opening of CARSTAR Premier Collision Yelm at 103 1st Street N., Yelm, Washington.  The CARSTAR location is owned by Matt Earsley.

The Yelm location is the 25th CARSTAR facility in the state of Washington.

 “We are excited to expand in Washington with great owners like Matt Earsley,” said Michael Macaluso, president, CARSTAR North America.  “His commitment to delivering the highest quality repairs and excellent customer service are hallmarks of the CARSTAR way of doing business.”

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ASE Introduces Updated Testing Platform

Industry News - Thu, 08/03/2017 - 3:20pm

The National Institute for Automotive Service Excellence (ASE) announced changes that will offer an enhanced experience for professionals when taking tests to earn ASE certification. These changes to the computer test format were effective at Prometric test sites on August 1.

Test questions will look the same as before, but new features have been added. For example, a new list of test question numbers appears on the left side of the screen. These change color when a question is answered, allowing test takers to quickly see unanswered questions and go to them with one click.

Other new features include:

  • Text
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