archiveMarket Trends

Allstate announced Tuesday it might buy nonstandard auto insurer SafeAuto for $270 million in cash contributing to $30 million price of “pre-close dividends of certain non-insurance assets.” SafeAuto does business in 28 states and concentrates on affordable state minimum car insurance. Allstate intends to fold it into National General, which...

Insurance services company Sedgwick on Tuesday announced it had bought the auto damage appraisal companies Metro Appraisal and Automotive Damage Appraisers of the Southwest. Automotive Damage Appraisers from the Southwest does business in Colorado, Boise state broncos and Texas. It goes back to 1952 and it has the majority of...

CCC come july 1st will begin rolling the ability for auto body shops to have an AI write a partial estimate based upon vehicle photos, the information provider announced this week. This CCC One Estimating – IQ artificial intelligence photo estimating capability will start in August with images insurers provide...

Cambridge Mobile Telematics on Thursday announced it had bought its top competitor TrueMotion, creating an automotive telematics powerhouse serving 21 out of the nation’s Top 25 auto insurers. CMT said hello had recently been the No. 1 telematics company in the world. TrueMotion ranked No. 2. The deal were not...

USAA on Thursday announced it would purchase the smartphone telematics insurer Noblr and use it to sell mileage-based policies. Terms from the deal weren't disclosed. Noblr has got the capability to detect and track risky driving actions in addition to miles driven while using sensors within a smartphone. But USAA...

Liberty Mutual’s free, opt-in hail alert service prompted 44 percent of customers to maneuver their vehicle in time to prevent hail damage, a survey of policyholders found. "We are constantly testing new digital insurance offerings and services that expand protection to the customers in ways beyond insurance," Liberty Mutual global...

Crash Champions on Tuesday announced it would grow to 118 locations in 12 states after acquiring the 24-shop regional MSO Signature Collision Centers. Signature CEO Charles “Chuck” Pipkin will possess a bit of Crash Champions and be a professional board member. Other terms of the acquisition were not disclosed. Signature...

General Motors has obliged both collision repair and car insurance industry by refining its assistance with which collision circumstances trigger certain inspections. It has provided more clarity how the inspections could be conducted and declared that certain operations officially weren’t necessary in certain minor damage situations. Nevertheless, there’s still the...

The Alliance of Automotive Providers of Massachusetts recently met with lawmakers to advocate for bills requiring insurers to reimburse labor rates adjusted for inflation. "We have already made tremendous strides during this current legislative session to possess our voices heard with respect to consumers, and that we look forward to...

We’ve been focusing on total loss valuations lately after consumer advocates have raised the prospect of totals being flipped to repairable vehicles upon reevaluation of pricing. Our coverage so far has cope with overall actual cash value assessments — after all, that final dollar value determines whether you’ll be repairing...