total loss News

N.J. Court Prohibits Lawyer from Asking Client at Trial if Vehicle Totaled

A New Jersey Superior Court judge recently issued a written ruling, holding that, as a matter of first impression, it was inappropriate for a lawyer to question his client during trial as to whether his vehicle was “totaled” as a …

How Data & Analytics Are Helping Insurers With Flood-Damaged Vehicles After Florence

Initial estimates of the damage caused by Hurricane Florence are expected to total approximately $20 billion, as residents of the Carolinas and Virginia are faced with cleanup and recovery. The Carolinas experienced historic flood levels, according to Moody’s Analytics. Mark …

Wisconsin Residents Remember Flood 10 Years Later

Ten years ago, southern Wisconsin was a wet mess. Dams failed, roads washed out, basements filled, businesses were lost, levees were breached and farmland flooded. The most dramatic event happened the day before when Lake Delton drained into the Wisconsin …

NICB: Record Number of Vehicles Damaged by Recent Hurricanes

Flooded vehicles have finally stopped arriving at the Royal Purple Raceway east of Houston. Some 23,000 now await processing and retitling to be auctioned off for parts or to be scrapped. That is just one of several insurance industry salvage …

Buyer’s Market Brewing for Cars Deemed Total Losses After Hurricanes

The ink on the “total loss” insurance paperwork, like the 2007 Range Rover itself, was still wet when Morgan Moran began trying to buy his vehicle back after Hurricane Matthew last year. The insurance adjustor had declared the vehicle ruined …

Insurer Reports Motorcycle Crashes Spike in August

The last month of summer could bring a spike in motorcycle claims, according to American Modern Insurance Group. The insurer reports that of the 60,400 motorcycles it insures, 570 were involved in crashes in August 2015 and 2016. Many motorcycle …

N.C. Cancer Center, Chubb Work Together to Recover From Lightning Strike

When lightning struck The Gibson Cancer Center in Lumberton, a small community in North Carolina, causing a fire and significant damage, there was concern for the patients who received treatment there. Though the fire affected the entire building, destroying a …

Louisiana Floods Damage 40K Homes, Kill 10

At least 40,000 homes were damaged and 10 people killed in the historic Louisiana floods, the governor said Tuesday, giving a stark assessment of the widespread disaster. Gov. John Bel Edwards spoke at a news conference alongside FEMA administrator Craig …

Oregon Mill Fire Caused by Electrical Malfunction

The Christmas fire that destroyed the historic Butte Creek Mill was caused by an electrical malfunction in the milling room, investigators have determined. After a two-month investigation, in which many theories were developed and tested, fire and insurance investigators determined …

New York Music Store Owners Charged With Arson, Insurance Fraud

A married couple who owned a music store and pawn shop in New York’s capital region has been charged with burning it down for insurance money after an investigator examining the claim noticed signs of arson. Gary and Audrey Lane …