December 2006

Search this site or the web powered by FreeFind

Site search Web search

December 28, 2006

  • I-CAR adds Rear Heating and Air Conditioning Damage Analysis and Repair to its Online Training Library - In this program, you will learn to identify parts of rear heating and air conditioning systems, how these systems operate, and how to diagnose and repair collision-damaged systems.
  • Ford Crown Victoria Fire Suppression System - I-CAR: A fire suppression system is designed to help reduce the risk of fire in high-speed rear impacts. Since the 2005 model year, the Ford Crown Victoria Police Interceptor (police car) has had an optional fire suppression system.
  • An old car is reborn with CCHS students’ work - WY: When the 1978 Chevrolet Nova pulled out of the Campbell County High School parking lot, David Smith had a hard time coming to grips with the fact that his longtime project was done.
  • ABRA Auto Body & Glass Announces Durham as Vice President, ABRA-Minnesota - ABRA Auto Body & Glass, a national damaged vehicle repair company, announced today the appointment of William "Glenn" Durham as Vice President of its Minnesota market. -- Durham has been with Carstar Collision since November of 1997.
  • Pilkington Chief Floats Back to the Top - The chief executive of Pilkington is to take on a beefed-up executive role at its Japanese parent months after steering the British glassmaker through its £2.2bn takeover.
  • From show to showroom - Touting luxury to performance and everything in between, tiremakers created excitement with new products at the SEMA Show.
  • In-Vehicle Wireless Power Transfer Unveiled - All CES attendees can view eCoupled in operation in Visteon's in-car demonstration at the Visteon booth and at the CES Innovations Design and Engineering Showcase. Visteon will demonstrate eCoupled-powered wireless charging, allowing electronic devices to be charged wirelessly within an automobile environment. -- This in-vehicle technology eliminates the need to have dedicated power cords for each portable device in the vehicle.
  • Ward Products closing plants - Automotive antenna maker Ward Products will shut down by Friday, leaving its remaining 42 employees -- including managers and production workers -- without jobs. -- An overseas competitor, Japan-based Harada Group, will supply antennas to DaimlerChrysler and Ford Motor Co that were previously supplied by Ward.
  • Mich. auto supplier woes reach Georgia - A financially troubled Michigan auto-parts company linked to a securities fraud investigation is likely to close its Americus plant, putting 330 employees out of work, a spokesman says.
  • Collins & Aikman files new plan - Since 2005 bankruptcy declaration, managers have decided best route out is auctioning assets.
  • Ailing auto industry - Detroit's auto industry was roiled by seismic changes that may come to be viewed rock bottom before a comeback or the beginning of the end.
  • AUTOMOBILE MAGAZINE Announces Automobile, Design, Technology and Man of the Year Awards - Volkswagen GTI, Aston Martin V8 Vantage earn unanimous votes from editors
  • Japan's auto output continues to surge - Demand for fuel-efficient cars propels Toyota, Honda sales in North America.
  • Ford employees taking gamble by staying on job - The workers who are staying are every bit as nervous as those starting over.
  • GM 'car czar' rolls into spotlight in reform drive - Since becoming General Motors Corp.'s "car czar" last year, Bob Lutz has delivered a consistent message to engineers and designers: abandon business as usual.
  • Four GM Concepts To Make North American Debut - World concepts headline GM Style event
  • Safest car - Subaru Legacy
  • Sonny's owner to shut down - David Connor is accused, in part, of overcharging customers, many of whom were longtime patrons at Sonny's Automotive, and lying about installing new parts in their vehicles or boats. -- Sonny's Automotive has been open since Connor's arrest, but during his arraignment hearing Wednesday morning, he agreed he would close the shop forever and hand over his business license to state investigators.
  • Protecting Yourself Against Car Thieves - Many drivers drop comprehensive insurance coverage on older cars, but police warn that's a mistake. Older model cars are the most popular target for thieves because of the lucrative market for parts and aftermarket equipment.
  • Insurers Seek Indiana High Court Review of Family's Award - Insurance industry trade groups are asking the Indiana Supreme Court to review an appeals court decision that awarded damages for emotional distress to the family of an injured man, saying it could set a costly precedent.
  • AIG Sues Former Accounting V.P., Alleging Extortion Attempt - American International Group Inc. sued a former accounting vice president last Friday, alleging she has refused to return company computers and confidential information and has attempted to "harass, extort and injure'' the insurer.
  • Head of American Family will retire - Harvey Pierce will move out of the Madison area when he retires soon after 44 years at American Family Insurance, handing over control of the company to David Anderson.
  • 13 States File Briefs Against Credit Scoring in U.S. Supreme Court Case - Delaware Insurance Commissioner Matt Denn has taken arguments against insurance industry use of credit scoring to the U.S. Supreme Court, filing a brief in a pending case involving the practice. -- Denn recruited 12 other state insurance commissioners to join Delaware in filing the brief.

December 27, 2006

December 22, 2006

  • All keyed up - IL: Lincoln shop puts single moms in drivers' seats -- The women were selected from 20 applicants who each wrote a letter to the autobody repair shop, saying how a car would change their lives.
  • Michael Klapec named 'outstanding citizen' - Michael J. Klapec, a local businessman who has volunteered in the community and helped lead key fund-raising projects, has been named "Outstanding Citizen for 2006" by the Venango Area Chamber of Commerce. - Klapec is president of Klapec Auto Body, which was established in 1981, and has held the I-CAR gold class designation, the highest form of recognition in the collision repair industry, for 10 years running. He also operates Color-Tek, which was established in 2003 and was awarded the 2004 "Business of the Year" award from the Crime Prevention Magazine for its involvement in refurbishing the Oil City Police Department's DARE van.
  • Chasing The Championship – Fans Revving Up - News 13's Paul Milliken walked into Colonial Auto Body to find a story and walked out seeing orange and blue in our latest installment of the Gator Game Book.
  • A Few Good Techs - Is there really a technician shortage or just a misappropriation of qualified techs? Is the pool of technicians shrinking faster than the collision repair market? Will the end result be higher door rates?
  • Claimant or Insured? - Illinois attorney says one way some shops counter insurer control is by looking at claims like a personal injury attorney might.
  • Car Refinishes Americas GM takes helm at Car Refinishes - Akzo Nobel has announced the appointment of Jim Rees to succeed Rinus Rooseboom as general manager of Car Refinishes, effective January 1, 2007.
  • Audatex Delivers Real Steel Download to Canadian Market - Now over 350,000 recycled parts and reported savings of up to US $170 per part are at a user's fingertips.
  • Vehicle Maintenance: A New Year's Promise That Pays Off - The Car Care Council recommends the following service interval schedule to use when making regular vehicle maintenance part of your New Year's resolution:
  • LYNX Adds AGRSS Condition to Its Contract - LYNX Services LLC had amended its contract for auto glass replacement work, adding the stricture that work performed for it be done to the conditions of the Automotive Glass Replacement Safety Standard (AGRSS).
  • Scam Calls to Glass Shops Remain Steady, Often Frequent - Monday's glassBYTEs.com™ article about the telephone scam targeting glass shops prompted a flurry of feedback from readers sharing their experiences with the scam - each different than the others and one with a surprising twist.
  • Apogee 3rd Quarter Revenues - Automotive Replacement Glass and Services: --  Revenues of $6.0 million decreased 33 percent compared to the prior-year period as expected.--  There was an operating loss of $0.5 million, compared to operating  income of $0.5 million in the prior-year period. --  Auto glass segment results continue to be impacted by lower sales of aftermarket auto windshields, a product line Apogee is in the process of exiting.
  • Toyota Motor North America Announces New Management Assignments - TMA, the North American subsidiary of Toyota Motor Corporation (TMC), is headquartered in New York, with offices in Washington, D.C. and Miami, Florida, and is the holding company for Toyota's North American sales, engineering and manufacturing operating units.
  • Ford's China joint venture taps new president - Changan Ford Mazda Automobile Co. has appointed Jeffrey Shen as its new president, replacing Phil Spender, Ford Motor (China) Ltd. said Thursday.
  • DCX, Mercedes to pay $1.2M over defects - Failing to notify EPA of emission-control problems is violation of Clean Air Act, feds say.
  • China's Chery Automobile to recall 1,875 SUVs - Chery Automobile Co Ltd said it is recalling 1,875 sport utility vehicles due to wiring problems.
  • Used-Car Business Is Booming, at Least for CarMax - CarMax Inc., the largest used-car dealer in the United States, said yesterday that third-quarter profit almost doubled, and it raised its full-year forecast for the second time in three months as customers bought more luxury cars and light trucks.
  • Cars for teen drivers - Consumer Reports: Find a suitable vehicle for your young motorists
  • Insurance agents see the good, bad in car rates changing - MA: Local insurance agency owners say reduced auto insurance rates for 2007 will be a good thing - despite the loss in commissions they expect to see.
  • Packers And American Family Insurance Raise $435,000 For Fight Against Heart Disease - The Green Bay Packers and American Family Insurance announced eight recipients of funds raised in the Packers Heart Cap campaign, an effort that has sold approximately 87,000 red caps to date and raised $435,000.
  • Insurers seek reversal of $200K award - Insurance industry trade groups are asking the Indiana Supreme Court to review an appeals court decision that awarded damages for emotional distress to the family of an injured man.

Have a safe and happy holiday weekend! We'll be back on Wednesday, December 27th.
 

December 21, 2006

  • Sheila Loftus Takes Consulting Position With Audatex - Included in this past week’s CRASHFax was a personal note from Sheila Loftus. Sheila will be taking a consulting position with Audatex. She will continue with the CRASH Network and also her work building the Women’s Industry Network.
  • 3M donates to I-CAR Education Foundation - 3M’s Automotive Aftermarket Division has donated 500 PPS brand Paint Preparation System Spray Guns to the I-CAR Education Foundation. The foundation will then distribute the PPS spray guns, free of charge, to technical education facilities that offer collision repair and automotive refinishing training programs.
  • Grinch steals holiday cash - Terry Holdershaw, owner of Terry's Autobody on Nelson Street, said he arrived at work Monday morning to find his shop ransacked and more than $5,000 in cash and cheques stolen. The money, donated by local residents and businesses, was intended for a holiday food drive the shop conducts annually for Simcoe Hall Settlement House.
  • Slick roads send drivers sliding to the body shop - NV: Snow from winter's first major storm is melting, but the damage is still piling up for motorists as another storm approaches.
  • Supervisors clear way for auto sales, body shop - VA: The Planning Commission recommended against it because it's on Route 17 near Grafton.
  • Pottstown woman jailed, fined for embezzling - PA: A Pottstown woman has been sentenced to jail after admitting to stealing thousands of dollars from her former employer, Car Color and Auto Body Supply on West High Street in Pottstown.
  • Ford expects Toyota to overtake it in U.S. - Ford Motor Co. expects Japan's Toyota Motor Corp. to unseat it next year as the second biggest company behind General Motors Corp. in the American car market, a position Ford has held since the 1920s, the New York Times said on its Web site on Thursday.
  • Toyota Eyeing Michigan Expansion - Four thousand major manufacturing jobs could be coming to Michigan. The prospects of landing a new Toyota engine plant appear to be improving.
  • GM recruits celebrity power for gala - Models and actors invited to preview, but officials insist 17 concept cars are the real stars.
  • Mercedes-Benz unveils four-door drop-top concept - Mercedes-Benz has confirmed recent rumors that it has been working on a four-door convertible with the announcement of the Ocean Drive Concept. The four-door convertible will be making its global debut early next month at the 2007 Detroit Auto Show.
  • Autos having less effect on U.S. economy - How times have changed. The U.S. auto industry increased its share of gross domestic product to 3.9 percent in 2000 from 3.4 percent in 1995. The figure rose to 4.3 percent in 2002 and 2003, as the economy struggled to recover from the dot-com bust and the 2001-2002 recession. -- Now, General Motors and its chief domestic rivals, Ford Motor and DaimlerChrysler's Chrysler Group, account for less of the nation's economic activity.
  • Robots rapidly replacing Canada's autoworkers - It's 2016, and the DaimlerChrysler body shop at Windsor Assembly Plant is completely dark except for the blinding flashes from 150 robotic welders.
  • Rinspeed Develops a Transparent Car - These creative Swiss designers and engineers have come up with the eXasis, drive-able dematerialization.
  • Automakers Unhappy as Court Upholds Spitzer on Lemon Law - A claim by automakers that Attorney General Eliot Spitzer's office misinterpreted New York's lemon law in a way that favored consumers has been rejected by the state's highest court.
  • Flood-Damaged Vehicles Being Resold In Sacramento - Many Cars Were Salvaged Following Hurricane Katrina -- The California Highway Patrol told Call 3 it is now investigating several people in connection with this crime of opportunity.
  • Speeding triples the odds of crashing - The old adage "speed kills" rings true for most drivers, and now a traffic safety study has the evidence to prove it. Research sponsored by the AAA Foundation for Traffic Safety found that speeding triples the odds of being involved in a crash.
  • NHTSA aging-tire tests clear hurdle - Long-delayed tests that include subjecting tires to extreme heat may be unveiled as soon as '07.
  • Ice storm cost insurers $7 million - The early December ice storm caused at least $7 million in insured damages throughout Illinois, Country Insurance & Financial Services reported Tuesday.

December 20, 2006

  • Collision repair market grows 4 percent in 2005 - Total collision repair industry sales grew 4.4 percent in 2005 to $38.2 billion, according to the 2006 Collision Repair Trends: Industry Statistics Analysis, which was published by the Automotive Aftermarket Industry Association (AAIA).
  • eAutoclaims, Inc. - 'EACC' - Reports First Quarter 2007 Financial Results - eAutoclaims, a leading provider of managed collision repair services and insurance claims processing technology applications, today announced financial results for the first quarter ending October 31, 2006 for fiscal year 2007.
  • Earl Scheib Announces Operating Results in the Second Quarter of Fiscal 2007 - Earl Scheib, Inc. reported its results for the second quarter and six months ended October 31, 2006 of the fiscal year ending April 30, 2007. -- Net sales for the second quarter of fiscal 2007 were $12,041,000, a decrease of 5.4% from the second quarter of fiscal 2006 net sales of $12,727,000.
  • BASF's partnership role in the automotive sector - BASF leader comments that company divisions develop intelligent automotive solutions jointly and in close consultation with customers.
  • High-tech car gadgets expensive to fix - Sure, all those high-tech gadgets and systems on your new car are cool. But have you ever stopped to figure out what they'll cost you if and when they go kaput? -- As cars have incorporated more high-tech safety and convenience features -- some optional, some standard equipment -- the cost of repairing them in the case of even minor accidents or just plain malfunction has risen dramatically.
  • AG auto shop owner arrested on suspicion of fraud: Seventeen cases alleged at Sonny’s Automotive Repair - Sonny’s Automotive Repair owner David Connor was booked into San Luis Obispo County Jail on suspicion of grand theft and grand theft from an elder Wednesday after a nine-month investigation into possible consumer fraud, state investigators said.
  • AGRR Magazine Gets Revamped Website - Regular visitors to the AGRR website might notice it has taken on a new look of late. The recently redesigned website features a scrolling ticker of glassBYTEs.com™ headlines in the middle of the page and large graphics that serve as links to the current copy of the magazine and the message boards.
  • Talks Between Visteon and GKN End - Auto parts supplier Visteon Corp. said Monday that discussions regarding the possible sale of certain Visteon operations to Britain-based GKN PLC have ended.
  • Copart CFO Sells Shares - The chief financial officer of Copart, an online seller of salvage vehicles, sold 24,890 shares of common stock, according to a Securities and Exchange Commission filing Friday.
  • Keystone Automotive Industries upgraded to "buy" - Analyst Anthony F Cristello of BB&T Capital Markets upgrades Keystone Automotive Industries Inc from "hold" to "buy." The 12-month target price is set to $36. -- In a research note published yesterday, the analyst mentions that the company’s share price has declined by about 20% on news of the ongoing ITC litigation.
  • US auto parts makers to face more pressures in '07 - U.S. auto parts makers, reeling from bankruptcies in recent years, will face added pressure in 2007 from fewer light vehicle sales and customers' demands for price cuts, analysts said. -- Restructurings at General Motors Corp. and Ford Motor Co. depend on their ability to cut production costs as well as build cars that customers want, which translates into costs pressure on parts suppliers, analysts said.
  • Delphi's future Wall St. billions to pump life into bankrupt firm - Delphi Corp. took a historic step toward emerging from bankruptcy Monday with a deal that sells a controlling interest to Wall Street investors and settles its tangled relationship with General Motors Corp.
  • Delphi sets up $40 mln China auto parts venture - Bankrupt U.S. auto parts maker Delphi Corp. said on Wednesday it will set up a $40 million auto parts venture in China with a local company to boost sales in the country's fast-growing market.
  • 1976 Ford Gran Torino: Killer Red Tomato - Jim Williams built his 11-second Gran Torino for under $15k, but theres a lot more behind this famouse TV clone.
  • Heads Up from Webasto - Four out of Six Car and Truck of the Year Candidates Feature Webasto Roof Systems
  • Kia Sorento Earns Five-Star Crash Safety Rating From U.S. Government - Five-Star Crash Safety Rating for Midsize Kia SUV in Frontal and Side Impact Crash Tests
  • GM gives a sneak peek of new Caddy - Hoping to keep auto show buzz churning through the holidays, General Motors Corp. on Tuesday released the first photo of its second-generation Cadillac CTS, which debuts next month at the North American International Auto Show in Detroit.
  • McCurdy named new president of Auto Alliance - The Alliance of Automobile Manufacturers says former Oklahoma congressman Dave McCurdy will be its new president. -- The Alliance of Automobile Manufacturers is a trade group representing nine automakers including General Motors, Toyota, Ford, DaimlerChrysler and others. -- It lobbies on behalf of the industry on a wide range of public policy areas such as safety, the environment and technology.
  • American Family Insurance Celebrates Expansion - American Family Insurance celebrates putting its employees under one roof. The insurance company had its ribbon-cutting ceremony to celebrate its four-story, 12-million dollar addition.
  • 100-plus charges against insurance agent upheld - Circuit Court Judge Kathryn W. Foster on Monday denied a request to dismiss more than 100 felony charges against a former insurance agent accused of stealing people’s identities to sign them up for insurance.
  • Retiring Allstate CEO unloads $33 million in shares - Mr. Liddy, who remains Allstate’s chairman, disclosed the sale of 518,994 shares at $63.95 each in a document filed Dec. 11 with the Securities and Exchange Commission. He paid $35 to $61.39 for the shares, according to the filing. The transaction occurred on Dec. 7 and was part of a prearranged trading plan.
  • La. panel rejects key rule change for Allstate - BATON ROUGE, LA. — A panel of state insurance regulators today rejected a proposed rule change that Allstate Insurance Co. cites as critical to deciding the company’s long-term future in Louisiana after Hurricane Katrina.

December 19, 2006

  • Farmers Insurance settles inferior-parts suit - On December 14, a settlement was reached between Farmers Insurance Group and a nationwide class of plaintiffs who alleged that Farmers' claims adjusters directed that collision repairs be made with parts not approved by the original maker, violating the terms of its auto insurance policies.
  • Class-action lawsuits challenge prevailing rates - Two class-action lawsuits with major implications for body shops have been filed in California against six major insurers, challenging the basis upon which insurers require policyholders to pay out-of-pocket for choosing body shops that charge more than what the insurer claims is the prevailing labor rate.
  • 2007 NABC officers assume leadership mantle - The newly elected officers of the National Auto Body Council (NABC), who were elected at the organization’s annual meeting during this year’s NACE, are gearing up for a full, productive 2007.
  • PPG's Ceramiclear™ D8126 is Designated By Nissan For Repair Of Its New "Scratch Guard Clear" OEM Finishes - The Nissan Motor Co., Ltd., has approved CeramiClear ™ D8126 Mar and Scratch Resistant Clearcoat from PPG Automotive Refinish for the refinish repair of its new Scratch Guard Coat.
  • Jeff Shoemaker Receives PPG/ASE Master Refinish Technician Of The Year Award - Jeff Shoemaker of Omaha, Nebraska, was awarded the PPG/ASE Master Refinish Technician of the Year Award at ASE’s annual Board of Directors Industry Awards Dinner held in San Antonio, Texas, on November 17, 2006. Bill Troyer, Manager of Training for PPG Automotive Refinish, Mike Hyatt, ASE Board of Directors Chair, and Ronald H. Weiner, ASE President, presented Shoemaker with the award. The annual award is given to the PPG collision center technician who receives the highest score on the ASE Painting and Refinish test, which is administered twice each year.
  • Bobsleds Piloted By Nascar Drivers Wear PPG Vibrance Collection Colors For Olympic Fundraiser - PPG Territory Manager Dennis Beardsley volunteered to supervise the painting of the modified sleds used for the Challenge, with the help of noted motorcycle graphic artist and PPG customer Justin Barnes of JB Custom Painting, Inc. of Newburgh, New York. Barnes designed the color schemes and applied the flames and pinstriping, while Beardsley and a group of students from Hudson Valley Community College in Troy, New York, worked to paint, sand, and clear the sleds at the school’s Automotive Technical Center.
  • Glass Scam Still Haunting Industry, Point of Origin Differing Per Incident - The telephone scam targeting glass shops and requesting large quantities of glass shipped overseas continued unabated and new reports to the USGNN and glassBYTEs.com™ indicate that the calls are being placed from different cities around the country.
  • Diamond Glass Companies Introduces New 'Chat Feature' to Their Web Site - On Monday, December 18th, 2006, Diamond Glass Companies launched a new "interactive chat feature" to their consumer website.
  • lanelogic, L.L.C. and Copart, Inc Announce Strategic Investment by HBK and Cain Capital, L.L.C. - lanelogic, L.L.C. and Copart, Inc, today jointly announced that HBK and Cain Capital, L.L.C. have made a strategic equity investment in lanelogic, the Wall Street inspired automotive network that electronically trades used vehicles among automotive dealers nationwide. In addition, lanelogic's founder, Bruce Thompson, increased his investment. The new investments, totaling approximately $10 million, will provide lanelogic with additional working capital that the innovative used vehicle market-maker will utilize during the continued expansion across the United States.
  • Ford sells two parts plants - Ford Motor Co. said Monday it has entered into agreements with two companies to sell auto parts plants it owns in Michigan and Mexico. -- Flex-N-Gate Corp. agreed to buy an operation in Milan, about 35 miles southwest of Detroit, which produces automotive grills and bumpers and employs about 700 people. -- Cooper-Standard Automotive Inc. agreed to purchase an automotive fuel rail factory owned by Ford in El Jarudo, Mexico, that has about 500 workers, Ford said.
  • GM Workers Treated After Paint Problem - Three workers at a General Motors Corp. assembly plant in suburban Detroit were taken for treatment Monday after a suspected hazardous materials release at a painting operation, a spokesman said.
  • Chevy shows 'new face' of Malibu - The same day General Motors Corp. announced it will invest $208 million in its Fairfax Assembly plant in Kansas City, Kan., to build the 2008 Chevrolet Malibu, it released the first photo of the redesigned car's exterior.
  • '07 Silverado wins Truck of the Year - The redesigned Chevrolet Silverado was named 2007 Truck of the Year by Motor Trend magazine, an award that could increase the already strong sales of the popular vehicle.
  • Giantto Dazzles Automotive Industry - An Elite Jewelry Company Showcases Rolls Royce Phantom Accessories and Special Edition Auto Couture Rims
  • Surprise! Your car's been 'washed' - It's surprisingly easy for a totaled or flooded car to get a clean title.
  • Missouri Bill Would Repeal Auto Safety Inspections - ASA Asks Repairers to Contact Legislature to Oppose S. 17
  • Pennsylvania Finalizes Clean Vehicle Program Regulation - The Pennsylvania Department of Environmental Protection has published a final clean car emission regulation very similar to that of California. This new regulation places stringent requirements on Pennsylvania automotive dealers as to the sale of low-emission cars and light-duty trucks beginning with model year 2008.
  • Big risk seen in smaller autos - Tiny vehicles fare poorly in side, front crash tests; death rate higher in single-car crashes.
  • Cop admits role in insurance ripoffs - Plainfield detective says he helped ring with $94,000 fraud -- While prosecutors have provided few details about the case, State Farm accused the ring in a 2004 civil lawsuit of operating a vast conspiracy that included 38 members who were strategically located in police departments, insurance agencies and auto body shops to make their crimes "virtually un detectable."
  • Fitch Says Auto Insurance Industry Remains Strong but Road Work Ahead - Fitch Ratings said today in a report on the auto insurance industry that auto insurers' recent financial results have been strong, especially in comparison to historical averages. Leading auto insurers have taken advantage of the generally favorable rate environment, declining frequency, and, to a lesser extent, favorable loss cost trends to produce strong earnings and market share gains.
  • Ohio State Automobile Mutual to Purchase Beacon Insurance Group - Columbus, Ohio-based State Automobile Mutual Insurance Co. announced today that, through a wholly-owned subsidiary, it has agreed to acquire the Beacon Insurance Group, headquartered in Wichita Falls, Texas. Closing is expected in the first quarter of 2007, subject to regulatory approval.

December 18, 2006

December 15, 2006

December 14, 2006

December 13, 2006

December 12, 2006