Boston news radio station reports allegations of systemic low valuations on total losses. Repair association hopes Division of Insurance examines shop and insurer estimating platforms.
According to a report by Boston radio station WBUR, the Massachusetts Division of Insurance is investigating allegations by Source One Financial Corp., a Norwell, Mass. auto lender that CCC Information Services’ total loss valuation system undervalues vehicles deemed a total loss.
Source One shared dozens of total loss claims in its clients files that it believes show a pattern of lower valuations through CCC’s total loss valuations.
In response to CollisionWeek about the
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.