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BASF Refinish publishes industry study findings

SOUTHFIELD, MI, November 3, 2009 – BASF Automotive Refinish Solutions today announced that it will present the findings of, Finding Common Ground: A Claims Perspective, today during the Collision Industry Conference in Las Vegas, Nevada.

The study -- sponsored by BASF and conducted by Square One Systems, Inc. and Condon Consulting, LLC -- encompassed over 22 hours of interviews with claims executives and staff from nine major insurers representing about half of the total dollars spent on repairable vehicles per year.

“BASF would like to thank the insurance company executives and staff who participated in the study for giving so generously of their time and for their commitment to addressing industry challenges,” said Chuck Soeder, Business Director - BASF Automotive Refinish North America. “Considering the scale and breadth of the study, we believe its findings have credibility and will drive cooperation and innovation between industry segments for years to come.”

Finding Common Ground: A Claims Perspective is a collision repair industry study that BASF Automotive Refinish Solutions sponsored earlier this year as a logical extension of the study it sponsored in 2005 -- Carlew & Associates Excellence in DRP study -- that provided repairers with an opportunity to express their views on the direct repair program (DRP) business model to insurers and the industry at large.

Finding Common Ground: A Claims Perspective study findings will be available for download after 3:00 p.m. today at www.basfrefinish.com.

BASF - The Chemical Company. We don't make a lot of the products you buy. We make a lot of the products you buy better.®

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 15,000 employees in North America, and had sales of approximately $17.5 billion in 2008. For more information about BASF’s North American operations, or to sign up to receive news releases by e-mail, visit www.basf.com/usa.

BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals and oil and gas. As a reliable partner, BASF helps its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €62 billion in 2008 and had approximately 97,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.


For more information, contact:
Sue Jaszkowski
BASF Corporation
Tel: (734) 324-6180
E-mail: susan.jaszkowski@basf.com


 
 
     
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