flood damaged vehicles News

NICB Issues Warning on Fraud Related to Flood-Damaged Cars

A young man who bought a pickup truck in Houston is now warning buyers to follow the advice of the National Insurance Crime Bureau (NICB) before closing a deal on a used vehicle. Kenton Basinger shelled out $14,000 for a …

NICB: Flood-Damaged Vehicles in Louisiana Could Flood Market

The August downpours that dumped more than 30 inches of rain in two days on parts of Louisiana have left as many as 100,000 cars and trucks damaged – and that’s only counting insured vehicles. The National Insurance Crime Bureau …

Disaster Fraud Rampant After Floods, Hurricanes

This year, extensive flooding has already affected parts of Texas and Louisiana. With more rain producing floods forecasted for the southern part of the U.S. this spring, the likelihood of disaster fraud increases. Disaster-related fraud affects auto, homeowners and commercial …

Texas Flooding Damaged Nearly 10,000 Insured Vehicles

An estimated 7,000 to 10,000 insured vehicles sustained water damage as a result of the recent flooding in Texas. That’s the current estimate from Copart, a company that works on behalf of insurers to handle the vehicles damaged in catastrophes. …

Sandy Damaged Vehicles Surpass 250,000 Mark: NICB

The current estimate of vehicles damaged as a result of Sandy is now set at 250,500 based on claims processed by insurance companies, according to latest figures released by the National Insurance Crime Bureau (NICB). New York’s number increased from …