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As insurers increase rates, more policyholders shop for new plans

About 41% of all insured households shopped for insurance at least once in 2023, as consumers carried the weight of insurers’ rate increases, according to data found in a LexisNexis Insurance Demand Meter report.  “Driven by [...]

2024-02-26T14:50:22-05:00February 26th, 2024|RDN News Feed|

IIHS says new metric more accurately determines rear shoulder belt effectiveness

The Insurance Institute for Highway Safety (IIHS) has rolled out new scoring criteria for its updated moderate overlap front crash test that it says better accounts for variations in the position of rear shoulder belts. [...]

2024-02-26T14:49:51-05:00February 26th, 2024|RDN News Feed|

Shop expansion: Think SOPs, tech-centric culture & duplicative processes

Jim Huard, a 40-year industry entrepreneur, and his wife, Kelly, recently shared some tips with Repairer Driven News on how to quickly grow successful shops and branch out to additional locations. The Huards’ most recent [...]

2024-02-23T13:57:46-05:00February 23rd, 2024|RDN News Feed|

USDOT shares safer roads strategy update, plan to improve automated driving

The U.S. Department of Transportation (USDOT) has released its 2024 National Roadway Safety Strategy Progress Report (NRSS), which highlights key steps taken last year by the department and safety partners to improve road safety and [...]

2024-02-23T13:57:15-05:00February 23rd, 2024|RDN News Feed|

Illinois legislation proposes review process for auto insurance rate increases

Two Illinois bills seek to create the Motor Vehicle Insurance Fairness Act, which would create a review process for car insurance rate increases in the state.  HB4611, introduced by Rep. Will Guzzardi (D-District 39), and [...]

2024-02-23T13:56:43-05:00February 23rd, 2024|RDN News Feed|

Oklahoma bill to cap towing and storage fees moves out of committee

An Oklahoma bill proposing a cap on towing and storage fees made it out of the Senate Retirement and Insurance Committee Tuesday.  The bill would extend the state’s Corporation Commission’s ability to set towing and [...]

2024-02-22T13:27:40-05:00February 22nd, 2024|RDN News Feed|

Megacasting long-term durability unknown, costly barriers to widespread use

Ducker Carlisle has found the recent introduction of megacasting leaves unknowns regarding durability and the impact of aging and poses barriers to adoption by legacy OEMs. Tesla is the forerunner in the use of megacastings, [...]

2024-02-22T13:27:09-05:00February 22nd, 2024|RDN News Feed|

Travelers Insurance applies for AI software trademark

Travelers Companies has filed for a trademark on artificial intelligence (AI) software and applications for insurance claims processing, administration, loss control management along with numerous other tasks, according to a filing with the U.S. Patent [...]

2024-02-22T13:26:38-05:00February 22nd, 2024|RDN News Feed|
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