LexisNexis: Insurance shopping is up, limited time for insurers to win over most profitable customers

LexisNexis Risk Solutions says its Insurance Demand Meter found a “sizzling” Q1 2024 for new insurance policy purchases, showing consumers aren’t resigned to higher rates. U.S. consumer auto insurance shopping activity registered as “hot” on [...]

2024-05-21T14:28:34-04:00May 21st, 2024|RDN News Feed|

NHTSA investigates Tesla recall remedy, reports 13 fatal crashes since firmware update

The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into the remedy Tesla used to fix concerns with its “Autopilot” or “Autosteer” that resulted in more than 2 million vehicles being recalled late [...]

2024-05-21T14:28:03-04:00May 21st, 2024|RDN News Feed|

TechForce and Skills USA unite resources for next generation of technicians

TechForce Foundation and SkillsUSA announced a collaboration to share resources for a unified goal of preparing the next generation of technicians, a news release says. This includes technicians in the skilled aviation, automotive, collision repair, [...]

2024-05-21T14:27:33-04:00May 21st, 2024|RDN News Feed|

Safety implications of one-time-use air bag pressure sensors

Pressure sensors — what are they, where are they, and why are they one-time-use parts? In a recent “Airing of Grieveances” episode from Nylund’s Collision Center, owner Rob Grieve shared that pressure sensors could mean [...]

2024-05-21T14:27:02-04:00May 21st, 2024|RDN News Feed|

WrenchWay: Top focus to hire techs should be proactive shop promotion, school involvement & better pay

Successfully attracting and retaining technicians during the ongoing shortage centers on proactive plans to promote your shop, build a pipeline of students, and competitive pay, according to advice shared at the 2024 Southeast Collision Conference. [...]

2024-05-21T14:26:31-04:00May 21st, 2024|RDN News Feed|

Supreme Court declines Country Mutual petition in case alleging excessive reserves

The U.S. Supreme Court declined to review a lawsuit alleging Country Mutual Insurance Co. is in breach of contract by holding a $3.5 billion surplus.  Country Mutual petitioned the high court after receiving conflicting opinions [...]

2024-05-21T14:25:59-04:00May 21st, 2024|RDN News Feed|

Ford seeing EV losses up to $100,000 per vehicle; Arizona Republicans file suit against EPA

Ford Motor Co. is cutting orders from battery supplies as the company is seeing losses up to $100,000 per electric vehicle (EV), sources have told Bloomberg.  “The move is part of a retrenchment of Ford’s [...]

2024-05-19T10:36:26-04:00May 19th, 2024|RDN News Feed|

Mild weather, used car prices returning to normal cut into Boyd Group’s earnings in Q1

A milder winter and used car prices returning to a more normal level negatively impacted Boyd Group Services Inc.’s bottom line during the first quarter, according to financial data released by the company.  While the [...]

2024-05-19T10:35:55-04:00May 19th, 2024|RDN News Feed|

‘Check to Protect’ campaign launched in California to aid Takata air bag replacements

State and federal agencies have joined forces to educate California residents on free tools that can be used to check the recall status of their vehicles, including vehicles that may be equipped with Takata air [...]

2024-05-19T10:35:24-04:00May 19th, 2024|RDN News Feed|

Alleged fraud ring posed as insurance company to steal California vehicles

Fifteen Southern California residents were recently charged after an investigation found they allegedly bought the personal information of people involved in motor vehicle collisions and created fraudulent insurance claims, illegally collecting more than $350,000. An [...]

2024-05-19T10:34:53-04:00May 19th, 2024|RDN News Feed|
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