Like a Good Neighbour: State Farm to pay $2 million fine for underpaid claims in Montana, U.S.

Montana, United States ⁠— Insurance provider State Farm will pay a US$2 million settlement following a two-year investigation by the Montana State Commissioner of Securities and Insurance (CSI) into the insurer’s claims handling practices. The investigation revealed that State Farm had underpaid some drivers who had been in accidents with State Farm’s insureds from November […]

Fix Focus: Fix Network World reveals Alfa Romeo Formula 1 Team’s new C44 vehicle

Toronto, Ontario — As part of its partnership with the Alfa Romeo Formula 1 (F1) Stake team, Fix Network World has revealed its logo on the updated C44 vehicle. According to the recent LinkedIn post made by Fix Network World, the C44 is “a result of collaborative innovation and cutting-edge engineering.” The vehicle features what […]

A Sustainable Certification: BASF working to create sustainability certification standard for automotive refinish industry

Toronto, Ontario — BASF has announced that it is continuing to engage in discussions with industry partners to establish a global certification standard in the automotive refinish industry. According to a recent report, industry partners in this instance specifically include industry associations, insurers, work providers, fleet leasing operators and bodyshops. Dialogues with these groups originally […]

Tuesday Ticker: Stellantis shuts down merger speculation; EV automakers continue to drop

Toronto, Ontario ⁠— In this weekly automotive economics report, Stellantis shuts down merger rumours, while EV stocks continue to slip, keeping up with the 2024-thus-far trend. Stellantis slices down rumours Stellantis chairman John Elkann has commented on press speculation that the automaker was considering a merger with French OEM Renault, saying there is “no plan […]

CCCR presents Time Study results at in-person event; video

Toronto, Ontario — At its recent in-person meeting, the Canadian Council of Collision Repairers (CCCR) highlighted findings from a Time Study initiated last fall, focusing on the administrative burdens within facilities and their effects on overall operations. “At the heart of this study, we wanted to open [our] eyes to see where the real value […]