Automotive Service Association Continues to Prevent Dismantling of Federal Insurance Office - BodyShop Business

Automotive Service Association Continues to Prevent Dismantling of Federal Insurance Office

“We will need collision repairers to stand with us one more time this congressional session to protect a regulatory tool that is structured to help consumers and collision repairers,” said Scott Benavidez, AAM, ASA collision operations committee director from Albuquerque, N.M.

The Automotive Service Association (ASA) is once again working to defend the Federal Insurance Office as the U.S House of Representatives’ Committee on Financial Services works to dismantle it with a series of six recently passed bills designed to reduce federal regulations and authority of the office.

One of the bills, HR 3861, Federal Insurance Office Reform Act of 2017, was introduced last year by U.S. Rep. Sean Duffy, R-Wis. as part of the package approved by a vote of 36-21. The legislation dilutes the authority of the Federal Insurance Office (FIO), which is part of the U.S. Department of Treasury.

ASA opposes the bill and was successful in protecting the FIO during the latest Dodd-Frank Wall Street Reform and Consumer Protection Act. Many assumed that HR 3861 was dead for this session because the reform package did not contain House language that would have eliminated FIO. The committee’s current action is a similar attempt to curtail FIO’s impact on federal insurance regulation.

“We will need collision repairers to stand with us one more time this congressional session to protect a regulatory tool that is structured to help consumers and collision repairers,” said Scott Benavidez, AAM, ASA collision operations committee director from Albuquerque, N.M. “Congress was clear in recent weeks that FIO did not need reform, yet we are faced with an additional attempt to dismantle this useful federal agency.”

You May Also Like

CCG Acquires Square One Systems, Coyote Vision Group

For over 40 years, Square One Systems has delivered effective solutions to collision repairers centered around analytics, collaboration and accountability.

Certified Collision Group, Inc., (CCG) announced it has acquired Square One Systems and Coyote Vision Group. 

“CCG is excited to welcome Square One and the Coyote Vision Group to our portfolio," said Michelle Sullivan, CEO of CCG. "Square One has demonstrated over 40 years of innovative leadership in delivering effective solutions centered around analytics, collaboration and accountability. Performance-driven groups enhance top-performing, like-minded operators, ultimately elevating the entire industry. We are delighted to continue supporting Coyote Vision Group and Square One Performance group members as they optimize business performance, seize opportunities and foster community growth."

Keene Auto Body: Since 1928

Ensio Piispanen immigrated from Finland to the U.S. and founded Keene Auto Body in 1928.

AASP/NJ Announces Winners of NORTHEAST Show Bodywork Bowl

The competition featured 70 competitors showcasing their skills in welding, painting and estimating.

Consolidator Report

Consolidation news from the week of April 15.

People on the Move

Recent personnel news that has appeared on bodyshopbusiness.com.

Other Posts

Top 5 Stories of the Week

A recap of the top five stories on bodyshopbusiness.com during the week of April 15.

Crash Champions Appoints Industry Veteran to Board of Directors

Barrett Callaghan brings two decades of industry experience to Crash Champions from Shift Technology and CCC Intelligent Solutions.

Marine Corps Veteran Joins Maaco Family

Quincy Land, owner of the newly opened Maaco in O’Fallon, has 20 years of dedicated service as a gunnery sergeant in the Marine Corps.

I-CAR Recognizes Industry Excellence with Chairman’s Awards Presentation

Collision repair leaders Lou DiLisio, Nick Notte, Tim O’Day and Ford Motor Company honored for outstanding contributions.