Bills specify examples of materials calculators. Requires vehicle owner written consent if insurer not retaining salvage. Prohibits insurers refusing to pay for sublet services. Two bills introduced in Rhode Island seek to update Unfair Claims Practices laws to provide specific examples of materials calculation systems and add a requirement that insurers get written consent from […]
LexisNexis Risk Solutions Introduces Verified Data Solution to Streamline Total Loss Claims
LexisNexis Risk Solutions announced the development of LexisNexis VINsights that will improve the total loss claims management process by reducing the time it takes to settle a claim. VINsights will deliver the information an adjuster needs in near real-time, including the registered owner name, titled owner name and lienholder data. Lienholder data includes lien payoff […]
CCC Integrates with Amynta’s PDP Group to Speed Total Loss Claims Processing for Financed Vehicles
CCC Information Services Inc. (CCC) announced it has signed an agreement with PDP Group (PDP) to digitally connect lenders on the PDP platform to insurers as part of the CCC Total Loss Care workflow. The single sign-on integration digitally connects the PDP title administration service to CCC’s total loss resolution services, accelerating payouts and processing […]
CCC Announces New Total Loss Offering
CCC Information Services Inc. (CCC) announced the availability of CCC Total Loss Care, a comprehensive digital solution designed to simplify and improve the total loss resolution process and policyholder experience. Total Loss Care uses a range of technologies to digitize processes, connect disparate parties, and inform decisions throughout the total loss process. Namely, the solution […]
IAA Partners with NASCAR to Expand Capacity for Catastrophe Services
IAA, Inc. (NYSE: IAA) and NASCAR Enterprises, LLC., announced an exclusive agreement that further increases IAA’s catastrophe capacity footprint by enabling the vehicle auction firm to leverage NASCAR facilities for total loss vehicle storage after a catastrophe.. The agreement expands an already long-term relationship between the two organizations. In addition to the company’s other catastrophe […]
IAA and Snapsheet Announce Total Loss Process Automation Partnership
IAA, Inc. (NYSE:IAA) and Snapsheet announced an integrated partnership combining IAA’s total loss claims and salvage solutions with Snapsheet’s configurable claims management platform to create one seamless solution from first notice of loss to sale at auction. The combined offering will reduce the time it takes insurance carriers to process claims for total loss vehicles. […]
Kansas Legislation Seeks to Remove Airbag Replacement Costs from Total Loss and Title Branding Calculation
A bill supported by the Kansas Auto Body Association seeks to add airbags to parts excluded from total loss and title branding threshold. Legislation introduced in Kansas seeks to limit the impact the increase in the number of airbags installed by vehicle manufacturers in late model vehicles has on the total loss and title branding […]
Chubb to Wipe Insureds’ Personal Digital Data on Total Loss Vehicles
Chubb has launched a new exclusive service to help personal auto clients remove sensitive electronic information from their vehicles in the event of an insured total loss. To identify relevant information after a total loss, technicians will scan locations and wipe necessary systems on Chubb insured vehicles, subsequently clearing GPS, mobile contacts, text messages, and […]
CARFAX Announces New Total Loss Valuation Service
New service provides insurers with ability to use CARFAX data to establish total loss values. Carfax announced that a new insurance total loss valuation service is now available through its claims-centric web portal. The new product helps total loss adjusters determine a vehicle’s unique pre-accident value using Carfax’s VIN-specific History-Based Value. Carfax utilizes pricing data […]
Total Loss Valuation Class Action Lawsuit Filed Against Allstate and CCC in Alabama
Suit alleges auto insurer undervalues total loss claims using CCC’s software. In a Federal Class Action lawsuit filed in Alabama on Wednesday, plaintiffs allege that Allstate Insurance systemically undervalues automobile total loss claims using CCC ONE Market Valuation Reports. The complaint alleges that Allstate and CCC have engaged in a scheme to artificially deflate the […]