Top Stories from glassBYTEs.com™
These were the most-clicked stories since the last issue of AGRR™ magazine. If you’d like to stay up to date on all the AGRR industry news, sign up for AGRR™ magazine’s free business-day e-newsletter at glassBYTEs.com™.
1 Belron Allocates New Term Loans
Global auto glass company Belron, parent company of Safelite AutoGlass in the U.S., has launched a syndication in the institutional loan market for new term loans on a best effort basis. According to the company, the new loans of $2.6 billion have been successfully allocated and the transaction was expected to close on April 13, 2021.
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2 Safelite Group Acquires Troy Auto Glass
Safelite® Group, owner of Safelite® AutoGlass, announced an agreement to acquire the assets of Troy Auto Glass in Troy, Mich. Troy Auto Glass, with one location, offers a variety of services such as auto glass replacement, windshield calibration, fleet service, Aquapel glass treatment and other accessories.
Visit glassBYTEs.com and enter “Troy Auto Glass” into the Search box.
3 GEICO Files Another Arizona Lawsuit
GEICO has filed a $300,000 federal lawsuit in Arizona against A&G Auto Glass for alleged fraudulent or non-reimbursable claims for windshield replacement services. GEICO claims that A&G Auto Glass did not actually provide the claimed replacement services and did not have the standing to file the insurance claims. The company is seeking reimbursement plus treble damages.
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4 Settlement Reached in Subaru Class Action Windshield Lawsuit
A settlement has been reached in the class action lawsuit against car manufacturer Subaru that alleged that the windshields of certain vehicles were prone to cracking.
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5 Trial by Jury Set for Allstate v. Auto Glass America Case
A November 1, 2021 trial date has been set by the U.S. District Court in Orlando, Fla., in the long running Allstate v. Auto Glass America litigation.
Visit glassBYTEs.com and enter “Isaly” into the Search box.
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