The information is already accesible for free at NICB.org and I am sure that NICB would not mind having additional traffic to there website. No new legilation needs to be put into place, just more knowledge about the tools already available.
intersting thing about this is – when you look at opponents to prior measures introduced in congress, it was the insurance industry that was opposing this similar legislation. insurance companies take possession of the cars, and then turn around and sell them to brokers – who sell them to you and me. nice.
My concern is over championing companies like \”Car-Fax\” to track these problems. I worked at BMW dealerships for 6 years, and Car-fax is a joke. I have personally seen vehicles both collision and flood totalled that the Car-Fax report came back \”clean\” on. I\’ve seen vehicles with obvious mileage tampering reported as okay.
I understand that there are disclaimers on the paperwork- I\’m not arguing they should be held responsible. I\’m saying that those types of companies are imperfect, and that they have troubling signs of incompetence. If there is going to be a mandatory plan for totalled vehicle registration I would prefer it to be administered by a dis-interested 3rd party. Maybe even the government. They seem to be good at warehousing useless facts.
How about this- why don\’t we destroy/recycle vehicles that have been totalled? Why are insurance companies even allowed to re-sell something they have declared useless or damaged beyond reasonable repair? If Allstate says a vehicle is too damaged to be fixed economically, why are they part of a thriving secondary market?
Somehow 2+2 is adding up to 3.
September 21, 2005, New Orleans, La. — A new, expanded database to track vehicles flooded by Hurricane Katrina has been set up to prevent them from turning up on used car lots around the country. While the National Insurance Crime Bureau has tried to track flooded vehicles from previous storms, the Katrina database represents the group\’s most ambitious flooded vehicle effort yet. \”Our concern is that vehicles that were affected by the storm will be turned around and resold to unsuspecting consumers if they\’re not cataloged properly,\” said Lt. Allen Carpenter, supervisor of the Louisiana State Police insurance fraud unit.
Salvaged parts are one thing, entire \”totaled\” vehicles are quite another. I\’m unaware that the insurance industry is \”re-selling\” totaled vehicles to anyone, let alone complicit in a secondary market. What proof do you have of this egregious activity?
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The information is already accesible for free at NICB.org and I am sure that NICB would not mind having additional traffic to there website. No new legilation needs to be put into place, just more knowledge about the tools already available.
intersting thing about this is – when you look at opponents to prior measures introduced in congress, it was the insurance industry that was opposing this similar legislation. insurance companies take possession of the cars, and then turn around and sell them to brokers – who sell them to you and me. nice.
My concern is over championing companies like \”Car-Fax\” to track these problems. I worked at BMW dealerships for 6 years, and Car-fax is a joke. I have personally seen vehicles both collision and flood totalled that the Car-Fax report came back \”clean\” on. I\’ve seen vehicles with obvious mileage tampering reported as okay.
I understand that there are disclaimers on the paperwork- I\’m not arguing they should be held responsible. I\’m saying that those types of companies are imperfect, and that they have troubling signs of incompetence. If there is going to be a mandatory plan for totalled vehicle registration I would prefer it to be administered by a dis-interested 3rd party. Maybe even the government. They seem to be good at warehousing useless facts.
How about this- why don\’t we destroy/recycle vehicles that have been totalled? Why are insurance companies even allowed to re-sell something they have declared useless or damaged beyond reasonable repair? If Allstate says a vehicle is too damaged to be fixed economically, why are they part of a thriving secondary market?
Somehow 2+2 is adding up to 3.
September 21, 2005, New Orleans, La. — A new, expanded database to track vehicles flooded by Hurricane Katrina has been set up to prevent them from turning up on used car lots around the country. While the National Insurance Crime Bureau has tried to track flooded vehicles from previous storms, the Katrina database represents the group\’s most ambitious flooded vehicle effort yet. \”Our concern is that vehicles that were affected by the storm will be turned around and resold to unsuspecting consumers if they\’re not cataloged properly,\” said Lt. Allen Carpenter, supervisor of the Louisiana State Police insurance fraud unit.
Salvaged parts are one thing, entire \”totaled\” vehicles are quite another. I\’m unaware that the insurance industry is \”re-selling\” totaled vehicles to anyone, let alone complicit in a secondary market. What proof do you have of this egregious activity?