Salvage News

Theft from Insurance Liquidators Nets 5 Years for Former Employee

A 43-year-old Arlene Reed Salameh of Rayne, La., will serve five years of a 10-year prison sentence for stealing more than $250,000 from her employer, Insurance Liquidators Inc. Salameh was accused of stealing from the Lafayette office of Insurance Liquidators, …

Idaho College Art Center Begins Restoration Work After Fire

Art restoration experts have removed the last pieces of smoke-damaged artwork from north Idaho’s Lewis-Clark State College Center for Arts & History, which was the site of a fire in March. The restorers from the Chicago-based O’Connell International Arts Inc. …

Mississippi Officials Warn Against Buying Cottages in Auction

The Mississippi Emergency Management Agency is discouraging people from purchasing Mississippi Cottages for housing at an auction in Louisiana next month because the units were damaged by Hurricanes Gustav and Ike. MEMA Director Mike Womack wants to caution potential buyers …

Blaze Reduces $1 Million Florida Yacht to Complete Loss

A million-dollar yacht that went up in flames over the weekend off Key Biscayne is “a complete loss.” The 56-foot boat erupted in flames Sunday morning south of Key Biscayne. Four people were aboard, but they were rescued without injury. …

Auto Thefts Down in Tulsa

Police in Tulsa, Okla., say that a 30 percent drop in auto thefts last year is largely due to officers targeting thieves who snatch cars to make quick cash from scrap metal. Roughly 2,500 vehicles were reported stolen in 2008, …

Fire Damages $28 Million Tennessee Castle-Home

A luxurious castle-like home in Johnson City, Tennessee, a prominent landmark with two soaring towers and a majestic lakeside setting, has been badly burned by fierce flames, authorities said. Assistant Fire Chief Mark Finucane said a wood-shingled roof and top …

Man Injured in Oklahoma Plant Explosion Dies

Emergency crews responded this week to a major fire at a scrap yard in Arkoma, Okla., near the Oklahoma-Arkansas state line. The scrap yard is the same facility where a worker was critically injured in early November while attempting to …

Insurance, Salvage Firms Get Washington’s Ear on Loss Reporting Rules

The insurance and salvage industries got a chance recently to discuss proposed regulations on data reporting with federal officials. The Property Casualty Insurers Association of America (PCI) joined insurance and salvage industry representatives at a meeting last week with the …

Oklahoma Plant Still Closed After Blast

A scrap metal yard near in Arkoma, Okla., near the border with Arkansas, remained closed after an artillery shell exploded, critically injuring an Arkansas man. Steve Fontenot, of Fort Smith, Ark., man was still in critical condition Nov. 5, two …

Insurance Auto Auctions Launches Vehicle Remarketing Division

Insurance Auto Auctions, Inc. a salvage auto auction company, is launching a Vehicle Remarketing Division. The unit will work directly with vehicle sellers ranging from national rental car companies to vehicle financing institutions and local used car dealers, offering them …