CARFAX vehicle history data helps improve the claim process by reducing cycle time, severity and loss adjustment expense. The CARFAX enterprise solution provides improved fraud detection, access to a nationwide database of police accident reports, and fair and transparent total loss valuations.
External link for CARFAX for Claims
📉 It's #TotalLossTuesday, and we're sharing January's Used Car Index. Just when we thought we might see a rise in used car prices, they continue to decline. The CARFAX Total Loss Valuation Report monitors these fluctuations and can help you determine a more accurate value for total loss claim payouts. Scroll through the images and read the full post here: https://lnkd.in/gHMuhY6g
📊 CARFAX understands that every vehicle has a unique history and therefore, a unique value. Leveraging over 36 billion vehicle history records and understanding the local market data, CARFAX delivers the most accurate valuations. Check out the CARFAX Total Loss Valuation Report today! https://lnkd.in/ewDMTHBv
📉 It's #TotalLossTuesday and CARFAX just released the December Used Car Index. This month's changes are seasonal in nature but the biggest question is what will the new year hold for new and used car prices? Read the full post here: https://lnkd.in/gHMuhY6g
🔎 Staged car accidents, a growing fraud, cost insurers $20B annually. California leads states with the most staged accidents, reporting 5,366 in 2023, followed by NY with 1,729 cases, a 14% rise from 2022. Florida rounds out the top three list with 1,110 cases. New Jersey saw a 58% rise in staged accidents between 2022 and 2023. #fraudweek
🚨 Did you know there are over 2.1 million vehicles on the road with odometer rollbacks, a 14% increase since 2021? 📈 The CARFAX Claims Triage File can help identify potential fraud including odometer rollbacks. Learn more: https://lnkd.in/euDPwPB4 #fraudweek
🚨 CARFAX estimates that ~347,000 vehicles have sustained flood damage due to the 2024 hurricane season. These vehicles are operating in every state and are ideal for scammers looking to commit VIN Cloning or Title Washing fraud. Learn more about this type of fraud: https://lnkd.in/euDPwPB4 #fraudweek
It's #InternationalFraudAwarenessWeek 🌎🔎 Since 2019, car thefts have increased by 41%, resulting in a car being stolen every 31 seconds in 2023. Luckily, CARFAX For Claims helps you fight fraud and recover stolen vehicles. Learn more: https://lnkd.in/e3XSFy6Y #fraudweek
🚨 Last Chance to Register! Join us tomorrow at 2pm ET for a webinar on The Impact of Auto Fraud featuring industry experts Paul McGahee and Richard Spallinger. Hosted by CARFAX's Steven R. Jones, attendees will learn practical strategies to identify and combat some of the most prevalent types of auto fraud. Learn more and register here: https://lnkd.in/eHuJVXPZ
🔎 Register today for our upcoming webinar "The Impact of Auto Fraud" on 11/14 at 2PM ET with industry experts Richard Spallinger from the National Insurance Crime Bureau and Paul McGahee from Georgia Farm Bureau. Hosted by CARFAX's Steven R. Jones, attendees will learn practical strategies to identify and combat some of the most prevalent types of auto fraud. Learn more and register here: https://lnkd.in/eHuJVXPZ
🚨 It's #TotalLossTuesday and CARFAX just released the November Used Car Index. Interestingly, used car prices are relatively flat - but is this the calm before the storm? Fear not! The CARFAX Total Loss Valuation Report can help you determine a more accurate value for total loss claim payouts. Scroll through the images and read the full post here: https://lnkd.in/gHMuhY6g