Volkswagen’s compensation bill in the US has risen to $22bn after it agreed to pay $4.3bn in US civil and criminal fines and pay California $153.8m. Meanwhile, six current and former senior VW executives have also been charge for their roles in the scheme, according to Reuters. A seventh pleaded guilty last September and is [...]

Digital motor insurance policies could be worth €20bn in just three years, according to Deloitte. Its research found that half of drivers would be happy to share their driving data in return for more personalised policies offering greater discounts based on their driving habits. Deloitte UK head of insurance, David Rush, said, ‘This year’s survey [...]

Audatex has developed and launched its new subrogation portal, with leading insurance provider LV= as the first customer. Quantex was developed to tackle widespread industry issues associated with the recovery of subrogated losses on non-fault claims, and will address the outdated processes, streamlining communication between insurers. With the launch of Quantex, Audatex provides a ‘seamless, [...]

Axalta Coating Systems has confirmed a multi-year team supplier agreement with Mercedes-AMG Petronas Motorsport for Spies Hecker. The move extends the relationship already in place between the reigning Formula One World Champions and Spies Hecker. Spies Hecker has been responsible for the paint of the liveries on the team’s Silver Arrows race cars for three [...]

AkzoNobel is helping bodyshops improve efficiency today and stay relevant tomorrow with a new digital colour-matching solution. Already thousands of bodyshops around the world are benefitting from Colorvation, a cloud-based solution that AkzoNobel claims makes colour matching easier, faster and more accurate. Instead of the guesswork of colour swatches, a subjective process that can depend [...]