Nevada Bill Would Increase Total Loss Threshold
The Nevada Assembly is considering a bill that would change the definition of total loss vehicle by increasing the damage threshold. A.B. 447 mandates that repairs to a damaged vehicle would have to cost at least 100 percent of the vehicle’s fair market value at the time of the crash for the vehicle to be
Nevada Bill Would Increase Total Loss Threshold
The Nevada Assembly is considering a bill that would change the definition of "total loss vehicle" by increasing the damage threshold. A.B. 447 mandates that repairs to a damaged vehicle would have to cost at least 100 percent of the vehicle’s fair market value at the time of the crash for the vehicle to be
New Kentucky Law Removes Airbags from Total Loss Calculations
Kentucky Gov. Steve Beshear signed H.B. 309, which removes the cost of airbag replacement from 75 percent total loss calculations, into law on March 20. The new rule will be effective in October. The law also stipulates that insurers are bound by terms and conditions of individual policies relating to airbag reinstallation and that vehicle
New Kentucky Law Removes Airbags from Total Loss Calculations
Kentucky Gov. Steve Beshear signed H.B. 309, which removes the cost of airbag replacement from 75 percent total loss calculations, into law on March 20. The new rule will be effective in October. The law also stipulates that insurers are bound by terms and conditions of individual policies relating to airbag reinstallation and that vehicle
Two Federal Bills Seek to Strengthen Total Loss Reporting Rules Effective April 1
The U.S. Department of Justice recently released the final rules for the National Motor Vehicle Title Information System (NMVTIS), created by a 1992 law to prevent title washing. The rules, which go into effect April 1, will require insurers to report vehicles that have been declared total losses under state law and by their own
Two Federal Bills Seek to Strengthen Total Loss Reporting Rules Effective April 1
The U.S. Department of Justice recently released the final rules for the National Motor Vehicle Title Information System (NMVTIS), created by a 1992 law to prevent title washing. The rules, which go into effect April 1, will require insurers to report vehicles that have been declared total losses under state law and by their own
Kentucky Bill Would Remove Airbags from Total Loss Calculations
The Kentucky Senate is considering a bill that would exclude the cost of airbag replacement from the 75 percent total loss calculation. Pat J. Gisler, executive director of the Automotive Service Council of Kentucky (ASC-KY), said the bill would help save cars that may have been totaled otherwise and provide more work for shops. “We’re
Kentucky Bill Would Remove Airbags from Total Loss Calculations
The Kentucky Senate is considering a bill that would exclude the cost of airbag replacement from the 75 percent total loss calculation. Pat J. Gisler, executive director of the Automotive Service Council of Kentucky (ASC-KY) said the bill would help save cars that may have been totaled otherwise and provide more work for shops. “We’re
Connecticut Considers Laws on Supplements, Steering, Total Loss Value
The Connecticut Committee on Insurance and Real Estate had a public hearing this week on three bills dealing with steering, total loss calculations and supplements, drawing testimony from the collision repair and insurance industries. Supplements S.B. 896 would reserve the right for an insurer to authorize any repair work beyond the original estimate before a
Laws on Supplements, Steering and Total Loss Value Considered in Connecticut
The Connecticut Committee on Insurance and Real Estate had a public hearing this week covering three bills dealing with steering, total loss calculations and supplements, drawing testimony from the collision repair and insurance industries. Supplements S.B. 896 would reserve the right for an insurer to authorize any repair work beyond the original estimate before a