WASHINGTON--Insurers would be required to "commercially disclose" total-loss vehicle information under legislation Sen. Trent Lott, R-Miss., and two congressmen said they would introduce in the next Congress.
Their intent is to keep vehicles declared total losses after natural disasters from being rebuilt and sold to unsuspecting consumers.
At a press conference in Washington last week, attended by Sen. Lott and Reps. Cliff Sterns, R-Fla., and Charlie Melancon, D-La., Sen. Lott said the proposed "Consumer Access to Total Loss Vehicle Data Act'' would ensure that consumers have access to information about automobiles declared a total loss by insurance companies--which assume the title when a car is totaled.
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