Bill would prohibit insurers from refusing OEM parts usage on vehicles 48-72 months old. Rhode Island Senate Bill 2440 (SB 2440), that seeks to amend Section 27-10.2-2 of Chapter 27 of the Rhode Island General Laws dealing with motor vehicle replacement parts, was approved by the full Senate on May 7. The bill, introduced on […]
Rhode Island Governor Signs Bill Updating Unfair Claims Practices Act
New law requires insurers to pay for documented OEM and paint manufacturer procedures. Also adds independent appraisal provision to settle disputes. Rhode Island Governor Dan McKee signed legislation June 26 that passed by the state legislature earlier in the month that will update several sections of the Rhode Island Unfair Claims Practices Act to address […]
Rhode Island Legislature Passes Bill Updating Unfair Claims Practices Act
Requires insurers to pay for documented OEM and paint manufacturer procedures, adds independent appraisal provision to settle disputed loss amounts. Clarifies direction to pay requirements for auto rentals. The Rhode Island legislature passed a bill June 16 that amends several sections of the Rhode Island Unfair Claims Practices Act to address items such as payment […]
Rhode Island Legislation Seeks to Double Threshold Before Physical Inspection Required on Collision Repair Claims
Legislation that seeks to amend Unfair Claims Settlement Practices regulation adopted in 2019 that set $2,500 threshold and 3-day inspection requirement for auto insurance claims to have hearing today. The Rhode Island Senate Judiciary Committee will hear testimony today on Senate Bill 2784 (SB2784) that seeks to modify the thresholds and timeframe for auto insurers […]
Collision Repair Center Office Secretary Sentenced to Federal Prison for Stealing Over $200,000 from Employer
Rhode Island woman pleaded guilty to mail fraud. A Pawtucket, R.I. woman who, while working as office secretary at Ideal Auto Body in Cranston, devised a scheme to fraudulently obtain the proceeds of nearly 200 checks provided to customers by their insurance companies to pay for vehicle repairs, has been sentenced to two years in federal […]
Garnett Station Partners Invests in VIVE Collision
Garnett Station Partners, LLC, a New York-based principal investment firm founded in 2013 by Matt Perelman and Alex Sloane that manages approximately $1 billion of assets, today announced it has made a growth investment into VIVE Collision a collision repair multi-site operator. Financial terms of the transaction were not disclosed. Founded in 2021 by Vartan […]
Rhode Island Legislature Votes to Overturn Governor’s Veto of Unfair Claims Practices Regulation Bill
Legislation revises the state’s unfair claims handing regulations related to total losses, sublet markup and refinish materials calculations. The Rhode Island House and the Senate voted to overturn Rhode Island Governor Dan McKee’s July veto of House Bill 6324 (HB 6324) during its session on Tuesday, January 4 at the State House. The Rhode Island […]
Rhode Island Legislators Plan Vote to Overturn Governor’s Vetoes of Collision Repair Bills
The legislation that was vetoed in July revises Rhode Island’s unfair claims practices regulations related to sublet markup and refinish materials calculations among other items. The Rhode Island House and the Senate announced last week it will return to session on Tuesday, January 4 at the State House to finish up several matters from the […]
Rhode Island Governor Vetoes Collision Repair Legislation
Governor McKee objects to language requiring insurers to pay for sublet services. On Friday, Rhode Island Governor Dan McKee vetoed House Bill 6324 (HB 6324) that would have amended Rhode Island’s Unfair Claims Practices laws to clarify several areas of insurance company requirements relative to payments for paint, body and refinish materials, as well as […]
Rhode Island Senate Passes Legislation to Clarify Paint, Body and Refinish Materials Payment Regulations
Bill now goes to Rhode Island House of Representatives. Legislation in Rhode Island that seeks to update Unfair Claims Practices laws came one step closer to enactment with its passage yesterday by the Rhode Island Senate. The legislation, Senate Bill 870 (SB 870), introduced in May, seeks to amend Rhode Island’s Unfair Claims Settlement Practices […]