Two private equity firms have bought a 50-year-old North Carolina auto recycler and launched a new salvage company, Aesop Auto Parts. American Pacific Group wrote…
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Progressive earlier this month reported its personal lines profitability rose nearly $1.46 billion last year despite paying out COVID-19 premium credits, reimbursing higher auto severity,…
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The three national collision repair trade groups on Friday released a position statement narrowly defining both the scanning operation and what constitutes a “qualified scan…
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A sweeping auto insurance reform measure approved by the Texas House Insurance Committee in 2019 is back for the Lone Star State’s 2021 legislative session….
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A new Texas bill would require auto insurance policies to not only carry appraisal clauses but make the process more cost-effective for consumers seeking to…
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Mitchell on Wednesday announced the photo estimating artificial intelligence software Claim Genius would be available to insurers through Mitchell Intelligent Open Platform. “As a leader…
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CCC on Thursday announced the number of claims handled in a manner incorporating deep machine learning grew more than 50 percent in 2020. It said…
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A new Illinois bill would forbid insurers from requesting deviations from OEM repair procedures except for parts or ADAS calibration tools. The Alliance of Automotive…
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Volvo on Tuesday unveiled its first electric-exclusive model, the C40 Recharge SUV, and said it would sell no other type of powertrain by 2030. The…
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Audatex parent company Solera last month announced a study of “tech-savvy” customers found an overwhelming proportion would trust an automated claims experience. Solera said it…
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