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Insurance ‘significant source’ of inflation, feds say during testimony

Federal Reserve Chair Jerome Powell mentioned the cost of insurance on inflation during testimony to the Senate Banking, Housing and Urban Affairs Committee last week.  “It is clear that insurance of various different kinds, housing [...]

2024-03-14T12:47:12-04:00March 14th, 2024|RDN News Feed|

Tractable accuses CCC of violating anti-trust laws in countersuit

Tractable, an AI photo estimating company, accused CCC of violating anti-trust laws in a motion for countersuit filed Monday in a court case that has stretched more than five years.  The motion for leave to [...]

2024-03-14T12:46:41-04:00March 14th, 2024|RDN News Feed|

Fear, uncertainty & misunderstanding of AVs, ADAS features remain

Most U.S. drivers either express fear (66%) or uncertainty (25%) about fully self-driving vehicles — a fear that hasn’t decreased since spiking last March, according to AAA. However, interest in semi-autonomous technologies such as reverse [...]

2024-03-14T12:46:09-04:00March 14th, 2024|RDN News Feed|

EV charging: Public or private? States debate route to take

As the Virginia General Assembly’s regular session came to a close March 9, a bill that would’ve created a rural electric vehicle (EV) infrastructure program died. Meanwhile, two states are considering public utility fees for [...]

2024-03-14T12:45:38-04:00March 14th, 2024|RDN News Feed|

Liberty Mutual pays over $17K in storage fees following DOI complaint

Liberty Mutual Insurance Co. determined a 2011 Ford Edge was a total loss in early July after a North Carolina collision shop estimated the cost to repair it at $7,199, but more than seven months [...]

2024-03-14T12:45:06-04:00March 14th, 2024|RDN News Feed|

VW continues to investigate Audi, Porsche & Bentley allegations

Shipments of Audi, Porsche, and Bentley vehicles into the U.S. have resumed following the alleged use of a magnetic component manufactured under forced labor. The Financial Times and Reuters reported in February that nearly 1,000 [...]

2024-03-14T12:44:03-04:00March 14th, 2024|RDN News Feed|

Statista: Insurance industry ranks 3rd in lobbying spending in 2023

The insurance industry remained a lobbying powerhouse in 2023, only trailing behind the pharmaceutical and electronics manufacturing industries, according to data released by Statista. As an industry, insurance companies spent $157 million lobbying, pharmaceutical companies [...]

2024-03-12T14:48:20-04:00March 12th, 2024|RDN News Feed|

Survey: Consumer distrust of car dealerships not always based on experience

A recent survey found that American consumers’ distrust of car dealerships isn’t necessarily influenced by their own experiences.  KPA, a compliance solutions company for dealerships, found only one-third of consumers experienced negative behavior, such as [...]

2024-03-12T14:47:17-04:00March 12th, 2024|RDN News Feed|
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