The U.S. Treasury Department announced Sunday a suspension of the enforcement of the Corporate Transparency Act (CTA) against U.S. citizens and domestic reporting companies. This will include suspension of any penalties or fines associated with [...]
Utah Rep. Colin Jack (R-District 73) has introduced a bill that would amend current law to require motor vehicle liability policies to cover the difference between vehicle market value before and after a collision and [...]
Driven Brands will bring on a new CEO in May and sell its U.S. car wash business following 2024’s focus on paying off debt, growing revenue, and restructuring its business segments. The changes were discussed [...]
Recordings of the Society of Collision Repair Specialists (SCRS) 2024 OEM Collision Repair Technology Summit sessions are now available to watch online. The summit is designed to put the audience in a room with innovators [...]
Berkshire Hathaway’s operating earnings for Q4 2024 were $14.5 billion, up from nearly $8.5 billion the company made during Q4 2023. Insurance underwriting saw the largest increase, with $3.4 billion reported in Q4 in comparison [...]
Montana’s Senate Business, Labor and Economic Affairs Committee approved an OEM repair bill Wednesday and moved it to the Senate floor. The bill, SB356, keeps insurance companies from disregarding or requesting a repair business to [...]
A South Carolina bill filed earlier this month would require all new automobile insurance policies to have an appraisal clause. HB4039 was filed Feb. 19 by Reps. Joe White (R-40), Leon Howard (D-76), and Brandon [...]
CCC Intelligent Solutions had another record year in 2024, and this year will continue its focus on growing artificial intelligence-powered products for the insurance and collision repair industries, according to CCC Chairman and CEO Gitesh [...]
A Maryland Senate bill seeks to regulate how auto insurers use certain private passenger vehicle telematic systems, including prohibiting data as a basis to set premiums. Under SB 984 the Maryland Insurance Administration would also [...]
Congressman Neal Dunn (R-Florida-02) has again introduced a Right to Equitable and Professional Auto Industry Repair (REPAIR) Act (H.R. 1566) which he says would ensure vehicle owners have access to important repair and diagnostic data [...]
