Total Loss Threshold Legislation May Move in Florida Senate
Florida H.B. 885 passed with language that eliminates the current 80-percent threshold for a total-loss vehicle to receive a certificate of destruction, and similar language could be added to the Senate version of the bill.
Total Loss Vehicle Amendment Would Allow Insurers to Make Loss Determination
Proposed amendment to Florida bill would eliminate current 80-percent total loss threshold.
Latest Edition of Mitchell’s Industry Trends Report Shows Relationship Between Fuel Price Spikes and Total Losses
Mitchell International, Inc., a leading provider of technology, connectivity and information solutions to the property and casualty claims and collision repair industries, today released the third quarter 2011 edition of its Industry Trends Report (ITR) – the company’s quarterly publication that highlights industry-related trends, news items and statistics. In this ITR, Mitchell’s quarterly feature discusses
Mitchell Adds Auto Buying Program to WorkCenter Total Loss
Mitchell International has announced a total loss vehicle replacement partnership with Zag, a TrueCar Inc. company that provides online and mobile car buying programs for several of the nation’s leading membership and service organizations. Providing a dedicated Total Loss Auto Buying Program as a complement to WorkCenter Total Loss will help carriers increase customer satisfaction
LKQ, SafeAuto Insurance Form Strategic Partnership for Handling of Total Loss Vehicles
LKQ Corporation and SafeAuto Insurance Company, a consumer-direct auto carrier based in Columbus, Ohio, have entered into a strategic alliance for the disposition of total loss vehicles. Under the terms of the agreement, LKQ will pay SafeAuto an agreed price for total loss vehicles, eliminating the expenses associated with having the vehicles processed through auctions.
Mitchell Releases WorkCenter Total Loss 4.0
Mitchell says latest WorkCenter includes enhanced vehicle equipment descriptions in readily accepted manufacturer’s terminology.
Mitchell Says Total Losses Down Despite Aging Vehicle Population
Mitchell International, Inc., has released the first quarter 2010 edition of its Industry Trends Report (ITR) – the company’s quarterly publication that highlights industry-related trends, news items and statistics. Mitchell is reporting that total losses have been decreasing despite the aging vehicle population on the road today. This edition’s Quarterly Feature, "Do You Really Know
Report Predicts Increased Total Losses Will Drive Down Repair Prices
The increasing number of total losses – heightened by increased repair costs – has bolstered the salvage industry and will likely drive down repair costs and total loss numbers in the future, analysis firm Frost & Sullivan says. According to the firm’s research, high raw material costs have made parts and supplies for collision repairs more expensive,
New Chrysler-Provided Sectioning Procedure Saves Car from Total Loss
VeriFacts Automotive recently acknowledged the Chrysler Corporation for its response to a collision repair shop’s problem with fixing a vehicle that didn’t have published rear sectioning procedures for the required repair. Chrysler’s development of a repair procedure enabled the shop to properly repair this vehicle rather than write it off as a total loss, VeriFacts
CCC Says Increase in Total Losses Adds to ‘Perfect Storm’ of Industry Downturn
In CCC Information System’s 2009 edition of Crash Course, the company predicts an increase in repair costs coupled with decreased vehicle values will contribute to more total losses in the coming year. In 2008, the auto-physical damage industry saw change due to a global recession and harsh weather. These factors had a major downstream impact