Insurers Must Report Monthly Data On Total-Loss Cars To U.S.

WASHINGTON--Insurance companies will be required to send monthly data to a federally regulated database reporting vehicles they have classified as total losses, under a new regulation effective April

By Arthur D. Postal | Updated on March 10, 2009

WASHINGTON–Insurance companies will be required to send monthly data to a federally regulated database reporting vehicles they have classified as total losses, under a new regulation effective April 1.

The rule implements a law passed as an anti-fraud measure to prevent cars that had been declared total losses and sold for scrap from being retitled and later sold as working used cars by unscrupulous dealers.

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