Florida Gov. announces reduction in auto insurance rates following tort reform

Florida Governer Ron Desantis announced last week that three major auto insurance companies are reducing rates in the state.  He said during a speech at Florida International University that GEICO (10.5% decrease), State Farm (6% [...]

2025-02-10T14:02:03-05:00February 10th, 2025|RDN News Feed|

California officials defer annual licensure fees, remind insurers of disaster coverage obligations

To help small businesses and workers in Los Angeles and Ventura counties impacted by the ongoing wildfires to recover and rebuild, Gov. Gavin Newsom has issued an executive order that defers annual licensure fees by [...]

2025-02-06T13:28:01-05:00February 6th, 2025|RDN News Feed|

Collision Engineering Program launches nonprofit dedicated to collaboration and expansion

A nonprofit dedicated to creating a collaborative effort to address the collision repair technician shortage was launched today as the next step in growing the Collision Engineering Program (CEP). In the fall of 2020, CEP [...]

2025-02-06T13:27:30-05:00February 6th, 2025|RDN News Feed|

North Carolina auto insurance companies ask for 22% rate increase

North Carolina insurance companies have requested a statewide average increase of 22.6% in automobile insurance rates, according to the North Carolina Department of Insurance.  The request was made through the North Carolina Rate Bureau, which [...]

2025-02-06T13:26:29-05:00February 6th, 2025|RDN News Feed|

Sentry survey: Small businesses believe they’ll ‘thrive’ this year, all sizes say they’re more stressed

A new survey released by business insurer, Sentry, found that while 47% of business leaders are optimistic their companies will thrive this year 67% said they’re feeling more stressed compared to last year. The survey [...]

2025-02-06T13:25:57-05:00February 6th, 2025|RDN News Feed|

Massachusetts court rules third-party diminished value payment not insurer’s responsibility

The Massachusetts Supreme Judicial Court stands with a lower court’s ruling that Commerce Insurance Co. didn’t breach its contract with two individuals when refusing to pay for inherent diminished value (IDV), and clarified the state’s [...]

2025-02-05T13:27:11-05:00February 5th, 2025|RDN News Feed|
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