NU Online News Service, March 31, 11:17 a.m.EDT

Insurance Services Office in Jersey City, N.J., announced theyare offering a new facility so insurers can report title data fortotal loss vehicles to comply with federal law aimed at preventingsales of stolen and salvaged motor vehicles.

ISO said its new regulatory compliance service is the ISOClaimSearch NMVTIS Compliance Reporting Service.

The company noted that effective today, insurers, salvagecompanies, junk yards, recyclers and shredders are required toreport total-loss and salvage information to the National MotorVehicle Title Information Service (NMVTIS).

ISO said its ClaimSearch has been designated an authorized dataconsolidator by NMVTIS, which allows insurers, salvage companiesand others to report the required data to ISO ClaimSearch to complywith the federal reporting requirement.

ClaimSearch said ISO will include the NMVTIS reporting as partof its regular service for insurer participants in the auto segmentof ISO at no additional charge. Noninsurer companies can alsoreport through ISO ClaimSearch for a fee.

ISO said that by reporting to NMVTIS through ISO ClaimSearch,insurers can save on programming costs or the cost of using anoutside vendor.

The company said the system will also streamline workflow forinsurers because they already report data to ISO ClaimSearch.

NMVTIS was established by the Anti-Car Theft Act of 1992 toassist in preventing the introduction or reintroduction of stolenand salvaged motor vehicles into interstate commerce.

The NMVTIS listings, operated under the auspices of the U.S.Department of Justice, provide authorized recipients with instantand reliable access to motor vehicle titling information maintainedby the states.

More information on the ISO ClaimSearch NMVTIS ComplianceReporting Service and data reporting requirements is available bycontacting ISO ClaimSearch Customer Support at 1-800-888-4476, orby e-mailing [email protected].

ISO said ClaimSearch participants include insurers representing93 percent of the property-casualty insurance industry.

It said among those using ClaimSearch are hundreds of public andprivate self-insureds, including municipalities, governmentagencies and larger companies; 26 state workers' compensationinsurance funds; 480 third-party administrators; several statefraud bureaus; and many law enforcement agencies involved ininvestigation and prosecution of insurance fraud.

ISO provides customers with data, analytics and decision-supportservices.