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CIC Panel: Estimate vs. repair plan & common payment challenges

During a panel discussion held by the Collision Industry Conference (CIC)’s Estimating & Repair Planning Committee last week shop owners and adjusters agreed repair plans should be made by the shops, not the billpayers, and [...]

2022-07-27T08:00:06-04:00July 27th, 2022|RDN News Feed|

LexisNexis survey shows strong interest in connected services among vehicle buyers

Nearly 8 in 10 car buyers signed up for a free trial of their vehicle’s connected services when it was offered by a dealer, and nearly half converted to a paid subscription when their free [...]

2022-07-27T07:00:04-04:00July 27th, 2022|RDN News Feed|

Market concentration in auto insurance increases; GEICO, Progressive projected to pass State Farm in 2023

Personal auto insurance continues to move toward a “more concentrated” market, with the 10 largest carriers controlling 76% of the market at the end of 2021, Fitch Ratings said in its recently released “U.S. Personal [...]

2022-07-26T07:30:34-04:00July 26th, 2022|RDN News Feed|

Hands-on driver assistance package offered on all 2023 Volkswagens

Volkswagen’s IQ Drive, a hands-on driver assistance technology introduced in 2021, will be offered as standard or available equipment on all of the OEM’s vehicle lines for the 2023 model year, the automaker has announced. [...]

2022-07-26T07:30:04-04:00July 26th, 2022|RDN News Feed|

CIC Committee Presentation: 86% of all quoted collision repair data could be available for sale

If you’re a shop owner, your customer’s personally identifiable information (PII) data — everything from full name, home address, email, cell number, VIN, insurance carrier, and more — could be compromised at the hands of [...]

2022-07-25T08:00:06-04:00July 25th, 2022|RDN News Feed|

Enterprise: Length of rental remains elevated for Q2, with shop-insurer communication delays a factor

The average length of collision-related rentals was 17.7 days in the second quarter of 2022, a drop of a half-day from the first quarter, but an increase of 4.5 days from the second quarter of [...]

2022-07-25T07:01:05-04:00July 25th, 2022|RDN News Feed|

Allstate still losing money on auto insurance, despite rate increases

In spite of raising rates by an average of 8.3% in all 50 states, Allstate continues to lose money on auto insurance, according to the company’s second quarter underwriting results. The carrier said it paid [...]

2022-07-25T07:00:34-04:00July 25th, 2022|RDN News Feed|
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