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abandonment
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abandonment The act of giving up the ownership of something covered by an insurance policy and treating it as if it has been completely lost or destroyed. If the insurers agree to abandonment, they will pay a total-loss claim (see
actual total loss;
constructive total loss). This often occurs in marine insurance if...
Related newspaper, magazine, and journal articles from HighBeam Research
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Legislative analysis: Looking at proposed total loss laws
Automotive Body Repair News
; Every year, several state legislatures can be counted on to take up bills dealing with the issue of total loss, and each year, many of these states manage to pass legislation that alters their definitions. From time to time, the US. Congress also examines proposed legislation seeking federal
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Disclose total loss data, Senate bill says
Automotive Body Repair News
; Bill gives buyers VIN-based information Sen.Trent Lott (R-Miss.) has written a bill - The Passenger Vehicle Loss Disclosure Act - that would require insurance companies to make total loss data available to the public. Senate Bill 3707 states, "The Secretary of Transportation shall require all
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A new dawn for total loss valuations?
Insurance Brokers' Monthly and Insurance Adviser
; In May, this column raised the issue of the highs and lows of the variable process innovations in motor, particularly concerning the untapped savings and customer related issues surrounding the settlement of total loss claims. Settlement director David Patten of Total Loss Settlement Services
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A total loss
Canadian Underwriter
; THE WIRED WORLD When it comes to total loss auto claims, many insurers pay the actual purchase price for replacement which could result in some serious money being "left on the table". What do insurers do when they have a total loss claim? Most claims managers or adjusters contact a car dealership
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ARA Applauds Senator Lott for His Efforts to Stem Title Fraud and Abuse and Provide Consumers with Access to Total Loss Vehicle Data
U.S. Newswire
; To: POLITICAL EDITORS Contact: Danielle F. Waterfield, Esq., Manager, Congressional Relations & Government Affairs of the Automotive Recyclers Association, +1-703-385-1001, x 17, Fax: +1-703-385-1494, Danielle@A- R-A.org FAIRFAX, Va., Feb. 15 /PRNewswire-USNewswire/ -- The push for VIN Disclosure
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National Insurance Crime Bureau (NICB) Offers Free Access to Insurers Total Loss Claims Data
U.S. Newswire
; To: NATIONAL EDITORS Contact: Frank Scafidi of NICB, +1-916-979-7025, fscafidi@nicb.org VINCheck(SM)is NICBs third consumer protection service. DES PLAINES, Ill., June 30 /PRNewswire-USNewswire/ -- Robert M. Bryant, President and Chief Executive Officer of the National Insurance Crime Bureau,
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The 'Total Loss' Dilemma
Automotive Body Repair News
; ... considered a total loss five years later. "The value of used cars is the biggest driver of total losses," notes Sherwood. The good news is that the used market has strengthened in 2006 and 2007, suggesting that more vehicles might be deemed repairable. * Fewer ...
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Ses Americom: AMC-14 Satellite Is a Total Loss
Wireless News
; Ses Americom: AMC-14 Satellite Is a Total Loss WIRELESS NEWS-April 16, 2008-Ses Americom: AMC-14 Satellite Is a Total Loss (C)2008 10Meters - http://www.10meters.com Ses S.A. on Friday, April ...
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Insurer group protests total loss regulation
Automotive Body Repair News
; A new rule becomes effective Jan. 1 in West Virginia that requires insurance companies to use only the National Automobile Dealers Association Used Car Guide (NADA) to help determine how much to pay vehicle owners for a total loss. This is the result of an informational letter Insurance
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SCRS backs total loss disclosure legislation
Automotive Body Repair News
; PROSSER, Wash. - The Society of Collision Repair Specialists (SCRS) supports two legislative bills that would change the way vehicle total losses are disclosed to the public. H.R. 1029, introduced in the U.S. I louse of Representatives, and S. 545, introduced in the Senate, have similar aims: to
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