Latest CCC Information Services Headlines
All the headlines from our CCC Information Services Topic Page, ordered by recency.
CCC: Severe Weather Impacting Collision Repair, Auto Insurance
Jul 1 2024 // The auto insurance and repair industry must “adapt to new patterns and prepare for an unpredictable future,” according to the Crash Course Q2 2024 report released by CCC Intelligent Solutions Inc., a P/C cloud...
PE Companies Bain Capital and TPG Weigh Deal for Advent’s CCC Insurance Software
Sep 29 2023 // Bain Capital and TPG Inc. are weighing a deal for CCC Intelligent Solutions Holdings Inc., the car-insurance software provider controlled by Advent International, according to people familiar with the matter. Bain and TPG...
PE Firm Advent Eyes Sale of Car Insurance Software Vendor CCC: Sources
Sep 18 2023 // Private equity firm Advent International is exploring a sale of CCC Intelligent Solutions Holdings Inc., a provider of software to the car insurance industry that has a market value of $7.1 billion, people familiar with...
Appeals Panel Says CCC Software Does Not Violate Florida Law in Auto Claims
Jul 7 2023 // An insurer that used CCC Intelligent Solutions software to determine the payout for a claimant’s vehicle did not violate a Florida law that sets forth only three methods that auto insurers may use to determine actual...
CCC Information Services Going Public in $7 Billion Blank Check Transaction
Feb 3 2021 // CCC Information Services said on Wednesday it was going public through a merger with blank-check firm Dragoneer Growth Opportunities Corp., in a deal valuing the data and technology provider to automotive and insurance...
Florida’s Citizens Accuses Embattled Law Firm, Others of Sham Lawsuits, Racketeering
Jul 6 2020 // Florida’s state-run Citizens Property Insurance Corp. has joined a chorus of insurance companies accusing the Strems Law Firm of lawsuit abuse. Citizens says it has lost millions of dollars due to an alleged scheme...
Florida’s Citizens Accuses Embattled Law Firm, Others of Sham Lawsuits, Racketeering
Jun 22 2020 // Florida’s state-run Citizens Property Insurance Corp. has joined a chorus of insurance companies accusing the Strems Law Firm of lawsuit abuse. Citizens says it has lost millions of dollars due to an alleged scheme...
CCC to Host Webinar on Technology Change Agents and the Future of Auto Insurance
Aug 10 2018 // Join CCC Industry Analyst Susanna Gotsch and Jason Verlen, SVP Product Management on Wednesday, August 15th. Chicago, IL, August 10, 2018– CCC Information Services Inc. (CCC) announced today that executives from the...
CCC Introduces CCC™ OEM Care with Participation from Eight OEMs
Aug 9 2018 // Solution suite enables collision repairers, insurers, and auto manufacturers to collaborate on safe, quality repairs. Chicago, IL, August 9, 2018 – CCC Information Services Inc. (CCC) announced today the availability of...
Massachusetts Court Reminds Auto Insurers of Importance of Retail Book Value
Feb 6 2017 // A Massachusetts appeals court used a recent case to warn auto insurers about the importance of taking retail book value into consideration early in the settlement process. While the court ruled in favor of defendant...
Massachusetts Court Reminds Auto Insurers of Importance of Retail Book Value
Jan 20 2017 // A Massachusetts appeals court used a recent case to warn auto insurers that it is important to take retail book value into consideration early in the settlement process. While the court ruled in favor of defendant...
Futures Industry Looks to Insurance After MF Global Collapse
Dec 10 2012 // Long-derided as unsuitable for sophisticated futures markets, insurance is getting a surge of attention heading into the new year as the industry works to patch itself up after the stunning collapse of brokerage MF Global...
Ratings: RetailFirst, ANICO, Mariah Re, German Mutual, Centurion, Mt. Morris
Oct 12 2011 // A.M. Best Co. has assigned a financial strength rating of ‘B++’ (Good) and issuer credit ratings of “bbb+” to RetailFirst Insurance Company and BusinessFirst Insurance Company, collectively referred...
S&P Downgrades Mariah Re’s Notes to ‘CCC+(sf)’; CreditWatch Developing
Jun 28 2011 // Standard & Poor’s Ratings Services has lowered its rating on Mariah Re Ltd.’s Series 2010-1 notes to ‘CCC+(sf)’ from ‘B(sf)’. S&P has also revised the CreditWatch status of the...
S&P Lowers Kingsway’s ‘Unsolicited’ Ratings to ‘CCC+’
Sep 28 2009 // Standard & Poor’s Ratings Services has lowered its unsolicited long-term counterparty credit and senior unsecured debt ratings on Toronto-based specialty insurance provider Kingsway Financial Services Inc. to...
CCC-Mitchell Cancel Merger After Court Grants Injunction Sought By FTC
Mar 12 2009 // The United States District Court for the District of Columbia has granted the Federal Trade Commission’s request for a preliminary injunction enjoining CCC Information Services Inc.’s merger with Mitchell...
Ratings: Hannover Re, Scottish Re, NTI, Korean Re, Southern Rock, Ecclesiastical/Ansvar
Jan 26 2009 // A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of German reinsurer Hannover Rueckversicherung AG (Hannover Re) remain...
FTC Blocks Merger of Insurance Loss Vendors CCC Information, Mitchell
Nov 25 2008 // The Federal Trade Commission has filed suit to block the merger of CCC Information Services Inc. and Mitchell International Inc., charging that the merger would hinder competition in the market for electronic systems used...
Rating Agencies React Negatively to XL, SCA Bailout Plan
Jul 30 2008 // XL Capital received the inevitable negative reaction from the rating agencies following its announcement that it would pay $1.78 billion in cash and issue 8 million shares as part of a bailout plan to shore up former...
Ratings: Wiener Staedtische, AXA (Canada), Max Capital, Tryggingamidstödin, Aveta, Ansvar, Norwegian Hull
Jun 11 2008 // Standard & Poor’s Ratings Services has affirmed its ‘A-‘ junior subordinated long-term debt rating on the €250 million ($387 million) undated, subordinated notes issued by Austria-based Wiener...
