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You are here: Home / Archives for Total Loss

Mitchell Partners with LossExpress to Accelerate Total Loss Settlements

August 30, 2022 By CollisionWeek Editor

Mitchell, an Enlyte company serving the Property & Casualty (P&C) claims and Collision Repair industries, today announced that its advanced vehicle valuation solution now delivers full lender coverage and automated tax and fee calculations for total loss claims. These enhancements are designed to streamline the total loss settlement process for carriers by integrating Mitchell’s advanced […]

Filed Under: News Tagged With: Agreements Signed, LossExpress, Mitchell, Total Loss

Rhode Island Legislature Votes to Overturn Governor’s Veto of Unfair Claims Practices Regulation Bill

January 5, 2022 By CollisionWeek Editor

Rhode Island 2021 Legislation

Legislation revises the state’s unfair claims handing regulations related to total losses, sublet markup and refinish materials calculations. The Rhode Island House and the Senate voted to overturn Rhode Island Governor Dan McKee’s July veto of House Bill 6324 (HB 6324) during its session on Tuesday, January 4 at the State House. The Rhode Island […]

Filed Under: Feature Tagged With: American Property Casualty Insurance Association, legislation, Rhode Island, Sublet, Total Loss, Unfair Claims Practice

Rhode Island Legislators Plan Vote to Overturn Governor’s Vetoes of Collision Repair Bills

January 3, 2022 By CollisionWeek Editor

Rhode Island 2021 Legislation

The legislation that was vetoed in July revises Rhode Island’s unfair claims practices regulations related to sublet markup and refinish materials calculations among other items. The Rhode Island House and the Senate announced last week it will return to session on Tuesday, January 4 at the State House to finish up several matters from the […]

Filed Under: Feature Tagged With: American Property Casualty Insurance Association, legislation, Refinish, Rhode Island, Sublet, Total Loss

IAA and Fastlane Partner to Streamline Total Loss Claims Settlements

November 18, 2021 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced a strategic industry partnership with Fastlane, a process automation technology company, to leverage its LossExpress solution, a secure platform that connects insurers with the largest active lienholder network in the United States. As the exclusive salvage provider partner to Fastlane, IAA is now positioned to become the first salvage company […]

Filed Under: News Tagged With: Agreements Signed, Insurance Auto Auctions, Total Loss

NICB VINCheck Service Enhanced With Photo Search Capability

November 9, 2021 By CollisionWeek Editor

The National Insurance Crime Bureau (NICB), the insurance industry’s association dedicated to predicting, preventing, and prosecuting insurance crime, proudly announces an upgrade to its popular VINCheck service. A new photo feature allows users to take a picture of the vehicle identification number with any camera-ready device, and VINCheck will take care of the rest.   […]

Filed Under: News Tagged With: Flood Damage, National Insurance Crime Bureau, Total Loss

Rhode Island Legislation Seeks to Clarify Paint, Body and Refinish Materials Payment Regulations

May 18, 2021 By CollisionWeek Editor

Rhode Island 2021 Legislation

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 […]

Filed Under: Feature Tagged With: legislation, Materials, Refinish, Rhode Island, Salvage, Sublet, Total Loss

LexisNexis Risk Solutions Introduces Verified Data Solution to Streamline Total Loss Claims

March 5, 2021 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: LexisNexis Risk Solutions, Total Loss

CCC Integrates with Amynta’s PDP Group to Speed Total Loss Claims Processing for Financed Vehicles

December 14, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Agreements Signed, CCC Information Services, Total Loss

CCC Announces New Total Loss Offering

June 3, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: CCC Information Services, Total Loss

IAA Partners with NASCAR to Expand Capacity for Catastrophe Services

April 17, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Agreements Signed, Insurance Auto Auctions, Nascar, Salvage, Total Loss

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