The National Insurance Crime Bureau (NICB) reports that progress is being made in identifying and removing thousands of vehicles damaged beyond repair by Superstorm Sandy.
Presently there are no revisions to the estimate of 230,000 insurance claims for vehicle damage in the areas affected by last month's storm. Many of those vehicles were flooded and are being towed to holding areas where they will be loaded on car haulers and taken to facilities to be crushed.
"They are also going after towing companies that have taken cars off the street without permission, and are submitting outrageous towing and storage bills to insurance companies. Some may be holding the vehicles in an attempt to increase storage fees, or actually claim title to the vehicle after it sits at their facility for an extended time.”
NICB member insurance companies have provided extra resources to tow damaged vehicles and dispose of them, and are working with NICB to ensure all of the Vehicle Identification Numbers (VINs) of these vehicles are reported to the National Motor Vehicle Title Information System (NMVTIS) at www.vehiclehistory.gov.