vehicle total loss News

The $900 Billion Auto Aftermarket: Where Total Losses Turn Into Big Gains

Mike Rosser, a 41-year veteran of the salvage car business, remembers a day when auctions for junked cars drew 30 guys standing in the sun, inspecting mangled cars for intact alternators and transmissions. On this February morning, though, the suburban …

Assessing the Potential Impact of Hurricane Florence

Hurricane Florence may be just the first of several major storms to make landfall in the U.S. during hurricane season in 2018, but it’s impact will be significant. As of noon on Saturday, more than 30 inches of rain had …

Recovery of Sales Tax After Vehicle Total Loss

Approximately 12 to 14 percent of all accidents result in a total loss, a number which has been trending upward since 2002. Insurance companies faced with first party claims on policies are responsible for paying the actual cash value or …