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|

Progressive could settle alleged data breach for $3.25 million

The terms of a data breach settlement involving Progressive could be finalized on Feb. 25. The proposed $3.25 million agreement would settle a class action lawsuit against Progressive that alleges a “massive and preventable” data [...]

2025-02-05T13:26:41-05:00February 5th, 2025|RDN News Feed|

Hyundai, Genesis release position on repairing bumpers with radar and ultrasonic sensors

Hyundai released a position statement this month on repairing front and rear bumpers with corner radar units or ultrasonic sensors.  Front and rear bumpers may have corner radar units mounted behind them on the unibody, [...]

2025-02-05T13:26:10-05:00February 5th, 2025|RDN News Feed|

You won’t see a P&C insurance commercial during this year’s Super Bowl as industry cuts advertising spending

There will be no property insurance advertising during this year’s Super Bowl as data shows the industry is spending less on marketing, according to a Sportico article.  State Farm announced last month that it nixed [...]

2025-02-04T10:37:36-05:00February 4th, 2025|RDN News Feed|

CIC committee says structural pre- and post-measuring as critical as pre- and post-scanning

A panel discussion during the January Collision Industry Conference (CIC) meeting emphasized the importance of structural pre- and post-measuring to ensure safe and proper repairs. Ken Boylan, retired research and specifications manager for Chief Automotive [...]

2025-02-04T10:37:05-05:00February 4th, 2025|RDN News Feed|

Latest ‘Insurer Report Card’ grades ‘record-high’ 22 companies with C- or lower

A record-high of 22 companies, including six of the largest U.S. auto insurers, received a grade of C- or lower from collision repairers on the 2025 “Insurer Report Card” for how well their claims practices [...]

2025-02-04T10:36:35-05:00February 4th, 2025|RDN News Feed|
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