EV claims volume up 40% as repair cost divide with ICE vehicles continues to expand

Mitchell International’s latest Plugged-In: EV Collision Insights report found that electric vehicle claims volume increased in 2023 by more than 40% in the U.S. and Canada. Mitchell Claims Performance Director Ryan Mandell called it a record [...]

2024-03-10T21:30:35-04:00March 10th, 2024|RDN News Feed|

Grant-funded paint efficiency training offered to 4 Pacific Northwest states

Shops in the Pacific Northwest may be eligible to receive free training that the Pollution Prevention Resource Center (PPRC) says will improve painting efficiency, reduce waste, and save money on paint and materials costs. PPRC [...]

2024-03-10T21:30:03-04:00March 10th, 2024|RDN News Feed|

Progressive won’t be ‘as open’ in California, New York, New Jersey without rate increases

Progressive will continue to seek rate increases in New York, New Jersey, and California this year, according to a company Q4 earnings call.  “We’re in the midst of talking to the departments and showing our [...]

2024-03-10T21:29:31-04:00March 10th, 2024|RDN News Feed|

Soaring prescription drug costs increase premiums for small businesses

Politicians and insurers are scrambling to solve a rising prescription drug crisis that leaves small businesses and employees paying higher premiums.  Kevin Dunn, CEO of Decisely, said medical premiums are rising 14-16% annually, on average, [...]

2024-03-07T13:26:29-05:00March 7th, 2024|RDN News Feed|

Collision Engineering program expands to Southeast

Enterprise Holding’s Collision Engineering Program (CEP) will expand to the Southeast next month. Founded by the Enterprise Holdings Foundation and Ranken Technical College, the goal of CEP is to help fill the more than 110,000 collision technician [...]

2024-03-07T13:25:57-05:00March 7th, 2024|RDN News Feed|

State Farm allegedly using ‘evasive tactics’ in undervalued ACV lawsuit

State Farm has now been accused of using “evasive tactics” to avoid supplying documents and information in an ongoing lawsuit regarding allegations it has undervalued total loss claims and arbitrarily reduced payments to claimants. Documents [...]

2024-03-07T13:25:25-05:00March 7th, 2024|RDN News Feed|

Massachusetts lawmakers again consider setting labor rate, protecting right to hire public adjuster

Massachusetts legislators are again considering a bill that would set a labor rate for collision repair shops, which has for decades been well under the rates of other states and trades. The rate is currently [...]

2024-03-06T13:58:59-05:00March 6th, 2024|RDN News Feed|

State Farm reports underwriting losses, despite auto lines profitability

State Farm’s property and casualty (P&C)  group of companies had an underwriting loss of $14.1 billion for 2023, compared to a $13.2 billion loss in 2022, according to a company press release. It says the [...]

2024-03-05T13:27:41-05:00March 5th, 2024|RDN News Feed|
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