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Vehicle History Report: Fraudulent Sale of Vehicles Damaged by Hurricane Katrina's Floodwaters and Winds
Posted on Friday, September 09 @ 11:31:33 CDT by Cars |
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NICB Launches Effort to Prevent Fraudulent Sale of Vehicles Damaged by Hurricane Katrina's Floodwaters and Winds
Special insurance industry
teams will be assisting law enforcement and insurance companies in identifying
and cataloging vehicles damaged by Hurricane Katrina to prevent their
fraudulent resale to unsuspecting consumers in the future.
Robert M. Bryant, President and Chief Executive Officer of the National
Insurance Crime Bureau announced today that he is dispatching special
catastrophe teams to Baton Rouge, Louisiana and Mobile, Alabama. The effort is
expected to last from six months to a year.
Authorities estimate that thousands of vehicles have received damage from
flooding in the New Orleans area alone. That number is expected to grow as
claims from Mississippi are processed.
Bryant explained that unscrupulous salvage operators and dealers often try
to conceal the fact that vehicles have been damaged by a natural disaster from
potential buyers.
"By creating a registry of damaged vehicles now, the potential for this
type of fraud can be greatly reduced," he said.
In addition to vehicles, NICB is also alerting disaster victims to be
aware of the potential for fraud that exists as efforts to repair and rebuild
get underway.
Bryant said, "Fraud is an unfortunate reality in post-disaster
environments. For example, NICB and its insurance and law enforcement
partners in Florida have pending investigations as a result of unscrupulous
contractors who scammed victims and insurance companies in the aftermath of
last year's four hurricanes.
"So too, as the initial recovery from Hurricane Katrina begins, there are
people right now who are planning to converge on this area in order to obtain
from disaster victims what little they have left or what they are entitled to
from their insurance coverage."
NICB is the nation's premier non-profit organization exclusively committed
to fighting insurance fraud and vehicle theft on behalf of its member
companies, their policyholders and the general public through investigations,
information analysis, training and awareness.
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