Insurers groups are reacting less than enthusiastically to a new Senate bill which would require that whenever a carrier declares a vehicle a total loss, that data is immediately available electronically.
The measure (S3707) was introduced last month at the behest of the National Automobile Dealers Association by Sen. Trent Lott, R-Miss, chairman of the Surface Transportation Subcommittee of the Senate Commerce Committee.
Benjamin McKay, Property Casualty Insurers Association of America senior vice president for government relations, said the measure has defects that prevent it from achieving its “commendable” intent. Marliss Browder, director of federal affairs for the National Association of Mutual Insurance Companies, said the group is still studying the bill, which appears “somewhat problematic.”
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