Coverking Custom Car Covers

BodyShopSpotNews

Your source for the latest collision repair industry news, statistics and trend analysis.
Wed, 17 Apr 2024 16:21:39 +0000

Insurance Economic Drivers Outperforming Overall US GDP

Insurance Information Institute says property/casualty insurance performance likely to gain momentum on Federal Reserve interest rate cuts. The economic drivers of the U.S. property/casualty (P/C) insurance industry are now growing faster than the nation’s Gross Domestic Product (GDP) and are expected to gain further momentum in the event of Federal Reserve monetary rate cuts, according […]

The post Insurance Economic Drivers Outperforming Overall US GDP appeared first on CollisionWeek.

Joe Hudson’s Collision Center Acquires Six Repair Centers in Texas and Georgia

Joe Hudson’s Collision Center announced acquisition of six new locations, including Patton Brothers Body and Frame in Athens, Ga. and five Precision Hail and Collision locations across Texas. Brant Wilson, CEO of Joe Hudson’s, expresses his excitement about expanding JHCC’s footprint in Georgia, stating, “The acquisition of Patton Brothers Body and Frame marks our entry […]

The post Joe Hudson’s Collision Center Acquires Six Repair Centers in Texas and Georgia appeared first on CollisionWeek.

Crash Champions Acquires Collision Repair Center in Encinitas, California

Crash Champions announced the expansion of its California network with the acquisition of Fender Mender, located at 326 N. El Camino Real in Encinitas, California. The acquisition officially closed on April 5. “Crash Champions has quickly grown across California, and we’re proud to welcome this high-performing repair center to the team,” said Crash Champions Founder […]

The post Crash Champions Acquires Collision Repair Center in Encinitas, California appeared first on CollisionWeek.

Allstate Reports Customers Using Safe Driving App Have 25% Fewer Severe Collisions

Allstate customers have a choice to opt into the Allstate app’s safe driving features and those who do are safer on the road, according to Allstate and its mobility data and analytics partner Arity. Allstate found customers who choose to use Drivewise are 25% less likely to have a severe collision than those who don’t. […]

The post Allstate Reports Customers Using Safe Driving App Have 25% Fewer Severe Collisions appeared first on CollisionWeek.

Kritech and NCS SSI Introduce Virtual Total Loss

Tool expedites estimation of non-repairable vehicles for collision repair centers. National Coatings & Supplies / Single Source, Inc. (NCS SSI) and Kri-Tech Solutions, LLC announced the introduction of Virtual Total Loss, a productivity and profit enhancement tool for collision repair centers. Virtual Total Loss enables collision repair professionals to streamline workflows by outsourcing estimates for […]

The post Kritech and NCS SSI Introduce Virtual Total Loss appeared first on CollisionWeek.

Crash Champions Hosts Bi-Annual Operations Leadership Development

Crash Champions last week hosted nearly 200 members of its management team in Las Vegas for the organization’s bi-annual operations conference. Under the banner Champions Mindset Summit, the three-day event featured presentations from Founder and CEO Matt Ebert, Crash Champions executive leadership, senior operations leaders, industry partners, and a special guest speaker. “Consistently bringing our […]

The post Crash Champions Hosts Bi-Annual Operations Leadership Development appeared first on CollisionWeek.

CAPA Elects New Members to Board and Technical Committee

The Certified Automotive Parts Association (CAPA) announced the election of four members to its Board of Directors, and three members to its Technical Committee. Joining the Board are: Paul Krauss, Caliber Collision; Kyle Thompson, The Boyd Group/Gerber Collision & Glass; and Todd Williams, Farmers Insurance. Clark Plucinski, Chairman of CAPA’s Board of Directors, was elected […]

The post CAPA Elects New Members to Board and Technical Committee appeared first on CollisionWeek.

State Senator Ann Gillespie Named Acting Director of Illinois Department of Insurance

On April 8, Illinois Governor JB Pritzker announced that Illinois Department of Insurance (DOI) Director Dana Popish Severinghaus will step down from her role as of April 15. Popish Severinghaus has served as Director of DOI since January of 2021. Governor Pritzker has appointed State Senator Ann Gillespie as new Acting Director of DOI, pending […]

The post State Senator Ann Gillespie Named Acting Director of Illinois Department of Insurance appeared first on CollisionWeek.

Progressive Personal Auto Policies in Force Up Over 6% in March Compared to 2023

Total personal auto policies in force were also up month-over-month. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 20,448,300 in March, an increase of over 1.2 million or 6.7% from 19,168,400 in March 2023. March’s policies in force represent an increase of 445,000 or 2.2% from 20,003,200 in February. […]

The post Progressive Personal Auto Policies in Force Up Over 6% in March Compared to 2023 appeared first on CollisionWeek.

Group 1 Automotive Agrees to Acquire Inchcape U.K. Auto Dealerships

Group 1 Automotive, Inc. (NYSE: GPI) announced an agreement to acquire the U.K. automotive retailing business and related owned real estate from a subsidiary of Inchcape plc for approximately $439 million (£346 million) in an all-cash transaction, inclusive of $279 million (£220 million) of appraised real estate value.  In 2023, the Inchcape U.K. dealerships generated […]

The post Group 1 Automotive Agrees to Acquire Inchcape U.K. Auto Dealerships appeared first on CollisionWeek.

Body Shop Spot