ISO ClaimSearch, a claim information system for the property/casualty insurance industry, has been updated to include a regulatory compliance functionality that will allow insurers and others to comply with new reporting requirements for total loss and salvage information.

As of March 31, 2009, insurers, salvage companies, junkyards, recyclers, and shredders were required to report total loss and salvage information to the National Motor Vehicle Title Information Service (NMVTIS). Since ClaimSearch has been designated an authorized data consolidator by NMVTIS, it will allow insurers and others to easily comply with the requirement.

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