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Ford launches certified glass network focused on use of OEM procedures, parts

Ford on Monday announced the launch of the Ford Certified Glass Network (FCGN), promising process coaching aimed at ensuring the safe and proper installation of original equipment glass on Ford and Lincoln vehicles. The OEM, [...]

2022-05-03T08:00:38-04:00May 3rd, 2022|RDN News Feed|

Appeals court sides with Commerce Insurance in class action lawsuit over reduction of total loss claims

A Massachusetts Appeals Court panel has affirmed the judgment and decertification, in part, of a class-action lawsuit against Commerce Insurance Co. that alleged breach of contract and violations of six state laws as well as [...]

2022-05-03T08:00:08-04:00May 3rd, 2022|RDN News Feed|

Toyota introduces 9 new safety research projects, results to be shared with industry

Toyota’s Collaborative Safety Research Center (CSRC) has introduced nine new projects that will launch with a $30 million, five-year commitment from the OEM as part of the next phase of its automotive safety research plan. [...]

2022-05-03T07:00:37-04:00May 3rd, 2022|RDN News Feed|

LKQ continues to face supply chain issues, CEO says choosing to ‘play offense’ to inflation has its benefits

During LKQ’s April 28 Q1 earnings call, President and CEO Nick Zarcone said supply chain transport issues continue to “provide challenges,” and inflationary pressures, though also a challenge, didn’t keep the company from making profit. [...]

2022-05-02T07:01:08-04:00May 2nd, 2022|RDN News Feed|

Kentucky 21st state to adopt insurance carrier consumer data protection law

Kentucky is the latest state to sign into law model provisions written by the National Association of Insurance Commissioners (NAIC) to protect consumer data that is provided to insurance carriers. The Insurance Data Security Model [...]

2022-05-02T07:00:37-04:00May 2nd, 2022|RDN News Feed|

Morgan Stanley analysts: Tesla Insurance has potential to become a top-10 carrier

Tesla Insurance, which last month began underwriting its own policies in three states, could pose a challenge to traditional auto insurers in the long term, according to analysts at Morgan Stanley. As reported by Reinsurance [...]

2022-05-02T07:00:06-04:00May 2nd, 2022|RDN News Feed|

Consumer group criticizes auto insurers over ‘massive’ salaries paid to top executives

The nation’s largest auto insurers are paying their top executives “massive salaries and bonuses,” even as they continue to seek higher premium payments from consumers, according to a review by the Consumer Federation of America [...]

2022-04-29T13:30:04-04:00April 29th, 2022|RDN News Feed|

Enterprise: LOR rises 4.9 days for Q1 2022, continuing string of ‘unprecedented’ increases

Average Length of Rental (LOR) for collision-replacement rentals in the first quarter of 2021 increased by 4.9 days from 2021, continuing a “trend of unprecedented industry increases,” Enterprise Holdings said in a quarterly report issued [...]

2022-04-29T08:30:04-04:00April 29th, 2022|RDN News Feed|

Allstate looking to raise rates throughout 2022; With Q1 results from Chubb, no mention of rates going up

Allstate has announced it plans to raise its rates throughout 2022 because of an increase in the number of physical damage and bodily injury severity claims, while Chubb, another major U.S. auto insurance carrier, didn’t [...]

2022-04-29T07:31:06-04:00April 29th, 2022|RDN News Feed|
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