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
Liberty Mutual Providing Total Loss Records to Carfax
Liberty Mutual, the nation’s eighth-largest car insurer, is providing Carfax with its data on every car the insurer declared a total loss and sold for salvage for the past five years and going forward. The information will be disclosed to buyers on Carfax vehicle history reports. "Varying state laws and a deceitful practice called ‘title
Total Losses Trending Downward, Says Mitchell Report
The first quarter 2008 edition of Mitchell International’s Industry Trends Report (ITR) might raise a few collision repairers’ eyebrows in that it offers evidence of total loss insurance claim estimates trending downward. Many in the collision repair industry cite total losses as the main reason why there are too few repairs to be had these
Don’t Leave Dollars on the Table: Total Losses
Total losses are often regarded as a loss to a body shop. But the fact is the loss is your customers’ and doesn’t have to be borne in any sense by your business.
Nevada Bill Would Increase Total-Loss Threshold for Damaged Vehicles to 80 Percent
For a damaged vehicle to be considered a total loss, the actual or estimated cost of parts and labor required to repair the vehicle would have to be 80 percent or more of the vehicle’s retail value.
Satisfaction with Auto Claims Lower Among Total-Loss Claimants, Says J.D. Power and Associates
One-half of the claimants who suffered total losses cited that the settlements they received weren’t enough to replace their totaled vehicles with a similar make/model vehicle.
Nevada Passes Total-Loss Bill, Expands Advisory Board on Automotive Affairs
The Nevada Collision Industry Association announced that Assembly Bill 204, which amended a previous total-loss bill, and Senate Bill 238, aimed at expanding the Advisory Board on Automotive Affairs, passed. Prior to A.B. 204 passing, repair costs for damaged vehicles in Nevada could not exceed 65 percent of the car’s actual value with some exemptions.
Is it Legal for Insurers to Settle Losses for My Customers’ Vehicles?
Why doesn’t the DOI enforce the contract between the vehicle owner and the insurer? And how is it legal for insurers and DRP shops to settle losses for my customers’ vehicles?
New Lesonal Multi Matt Clear Perfect for Matt Finish at Any Gloss Level
By mixing the low-gloss and semi-gloss components, painters can achieve any desired gloss level.
How and Why Do Insurers Total Vehicles?
We’re finding that insurers are totaling vehicles when the damages are as low as 40 to 50 percent of the vehicle’s pre-loss value. How and why do insurers do this, and what rights do consumers have when it comes to keeping their vehicles?