According to a recently published report of industry trends by Mitchell International, the number of total loss auto claims continues to rise each year. Mitchell has counted frequency based on damaged reports processed in its system and determined that between 18 and 23%, or about one of every four or five cars estimated will cross the total threshold making them candidates to be junked. That number is expected by some sources to climb to 30% within two to three years. By reading this article you'll learn what's driving the increase in totals, and learn when it's in a consumer's interest to keep a car once it's reached the total loss threshold ...[MORE]
The nation's largest auto insurer, State Farm, is sending letters to about 32,000 registered owners of improperly titled vehicles suspected to remain in use. The insurer says it made "mistakes" disposing of salvage between June 1997 and 2002 allowing a small percentage of autos it acquired during ...[MORE]
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