AM Best: Property insurance market’s outlook remains negative

The credit rating agency AM Best said in its latest property insurance report that the market segment continues to have a subpar outlook, driven by a number of factors working against the industry. “The outlook [...]

2023-12-08T13:11:10-05:00December 8th, 2023|RDN News Feed|

Insurance Data Protection Act proposes barring federal oversight of insurance, ‘overstepping’ data collection

U.S. Senator Katie Britt (R-Ala.) and 16 co-sponsors have introduced the “Insurance Data Protection Act” to amend current law and mitigate what they call overstepping by the Federal Insurance Office (FIO) into state-regulated insurance. The [...]

2023-12-08T13:10:40-05:00December 8th, 2023|RDN News Feed|

IIHS, coalition pushes for adoption of intelligence speed assistance tech

The Insurance Institute for Highway Safety (IIHS) is calling on automakers, lawmakers, and fleet operators to promote intelligent speed assistance (ISA) and speed limiters to curb speeding-related deaths. The IIHS, together with some other Road [...]

2023-12-08T13:10:09-05:00December 8th, 2023|RDN News Feed|

Lawsuit alleging ‘unfair’ & ‘deceptive’ Tesla UBI premium calculations moves forward

Tesla Insurance Services, the automaker’s usage-based insurance company, faces a class-action lawsuit for allegedly calculating premiums based on false “sporadic and random Forward Collision Warning alerts” and other Tesla drivers’ driving habits rather than real-time [...]

2023-12-07T12:38:53-05:00December 7th, 2023|RDN News Feed|

Extra money in your year-end bottom line? Industry encouraged to donate to collision repair programs

Integrity Auto Collision Center has donated $2,500 to the Contra Costa College Foundation, one of seven Collision Engineering Program (CEP) schools — a step that Laura Lozano hopes more in the collision industry will take [...]

2023-12-07T12:38:22-05:00December 7th, 2023|RDN News Feed|

AIA Canada: Collision repair sector is losing talent to other sectors

The Automotive Industries Association of Canada (AIA Canada) released a new labor market research report that sheds light on the collision repair talent shortage. Its study found that as 65% of mechanical and collision shop [...]

2023-12-07T12:37:51-05:00December 7th, 2023|RDN News Feed|

Senator calls on automakers to implement, enforce stronger data protections

A U.S. lawmaker is calling on 14 OEMs to implement and enforce stronger privacy protections in their vehicles to prevent data from being shared with third parties. In a letter sent last week, Sen. Edward [...]

2023-12-07T12:37:21-05:00December 7th, 2023|RDN News Feed|

State Farm settles with Kentucky AG for $1.35M, changes glass shop O&A agreement terms

State Farm has reached a $1.35 million settlement with Kentucky Attorney General Daniel Cameron over its agents’ failure to disclose information to some auto insurance claimants about possible additional underinsured and/or uninsured motorist coverage. “This [...]

2023-12-07T12:36:50-05:00December 7th, 2023|RDN News Feed|

AI vehicle inspection company UVeye plans to mass produce systems

Artificial intelligence (AI) vehicle inspector UVeye says it’s teaming up with another company to mass produce AI vehicle inspection systems in North America. UVeye said Monday that it’s working with Hypertec, a sustainable technology company, [...]

2023-12-07T12:36:19-05:00December 7th, 2023|RDN News Feed|

AAA: More than half of drivers surveyed engage in risky behavior

More than half of U.S. drivers engage in risky behaviors while behind the wheel, new research shows. According to the AAA Foundation for Traffic Safety’s annual Traffic Safety Culture Index (TSCI) survey, just 41% of [...]

2023-12-07T12:35:49-05:00December 7th, 2023|RDN News Feed|
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