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LexisNexis: High claim severity due to litigation, parts and labor shortages

LexisNexis Risk Solutions found in its 2024 U.S Auto Insurance Trends Report that high claim severity continues due to parts and labor shortages and rising attorney involvement. According to the report, 93% of claimants who sought [...]

2024-06-25T14:45:40-04:00June 25th, 2024|RDN News Feed|

Cybersecurity top 2024 concern for auto manufacturers, report says

Automotive manufactures said cybersecurity risk is their top external obstacle in 2024, according to a Rockwell Automation report based on global survey results.  Thirty-five percent of respondents ranked cybersecurity as their top concern, according to [...]

2024-06-25T14:45:09-04:00June 25th, 2024|RDN News Feed|

Grayscale colors continue to hold market majority of used car sales

Grayscale colors — white, black, gray, and silver — made up 80% of used model year 2023 vehicles bought between January 2023 and April 2024 compared to 60.3% of model year 2004 vehicles purchased during [...]

2024-06-25T14:44:08-04:00June 25th, 2024|RDN News Feed|

IIHS: ‘Designers must make vehicles safe for everyone, not just drivers and passengers’

Insurance Institute for Highway Safety (IIHS) Senior Vice President of Research Jessica Cicchino says improving pedestrian safety will take better road and infrastructure designs as well as vehicle design. A similar conclusion was recently made [...]

2024-06-25T14:43:38-04:00June 25th, 2024|RDN News Feed|

Tesla owner posts video of full self-driving mode in action; avoids head-on crash

Earlier this month, a Tesla owner shared a dash camera video on social media that showed his vehicle swerving to avoid a head-on collision while in full self-driving mode (FSD).  The post on X by [...]

2024-06-25T14:43:07-04:00June 25th, 2024|RDN News Feed|

Illinois Insurance Committee chair receives income from insurance brokers

The Chicago Sun-Times is raising concerns about the recent business partnership the Illinois Senate’s Insurance Committee chairman has made with two men who run an insurance brokerage firm called Maxx Group.  As a “gatekeeper on [...]

2024-06-22T15:08:11-04:00June 22nd, 2024|RDN News Feed|

Agreement reached by employee advocates, legislators on California PAGA reform

California Gov. Gavin Newsom, legislative leadership, and business and labor groups have agreed on reforms to the Private Attorneys General Act (PAGA) which allows employees to file suit against their employers, and on behalf of [...]

2024-06-22T15:07:40-04:00June 22nd, 2024|RDN News Feed|
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