NICB: Hurricanes Leave Record Numbers of Vehicles Damaged

Warns Buyers to Beware in Weeks and Months Ahead

DES PLAINES, Ill., Oct. 19, 2017 — Flooded vehicles have finally stopped arriving at the Royal Purple Raceway east of Houston. Some 23,000 now await processing and retitling to be auctioned off for parts or to be scrapped. That is just one of several insurance industry salvage locations where more than 422,000 insured vehicles damaged by Harvey have been taken for processing. According to the National Insurance Crime Bureau (NICB), these totals surpass the number of claims that resulted from Hurricane Katrina (approx. 300,000) and from Superstorm Sandy (250,500).

You can view the entire news release and video here.

Contact:
Frank Scafidi
916.979.1510
fscafidi@nicb.org

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