Search
 

Northwest Flooding Raises Questions

PEMCO, a Seattle-based insurance company, will voluntarily disclose vehicle flood damage information to the public, according to a release from the company. The statement comes amidst recent flooding

By Eric Gilkey | Updated on November 21, 2006

PEMCO, a Seattle-based insurance company, will voluntarily disclose vehicle flood damage information to the public, according to a release from the company. The statement comes amidst recent flooding in the Pacific Northwest and the Eastern U.S. and brings increased awareness to the problem of flooded vehicles reentering the consumer market.

The National Automobile Dealers Association (NADA) said it has been pressing the U.S. Congress since the Gulf Hurricanes of 2005 for new federal legislation which would require insurance companies to disclose total loss information to the public so that problem vehicles are red-flagged forever. The problem also has been covered extensively in Claims (click here and here for more information).

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.