USAA admits that some 'totaled' cars by Hurricane Sandy were sold

USAA officials now admit that some vehicles it branded as total losses after being damaged by Hurricane Sandy's floodwaters later were resold and put back on the road.

The San Antonio-based insurer totaled some 4,000 customer vehicles damaged during last year's storm in the Northeast.

USAA earmarked 174 of those vehicles to be sold for parts only because they had no titles. But USAA later found some buyers who bought them at auto auctions fraudulently obtained clean titles with the intention of putting them on the road again.

Last month, the ABC News program “The Lookout” reported on the problem of flood-damaged vehicles making their way back on to roadways. It tracked a 2006 Ford F-350 pickup that USAA had declared a total loss and wanted sold for parts.

More at http://www.mysanantonio.com/business/local/article/USAA-admits-that-some-totaled-cars-were-sold-4789903.php .

[font color=green]Why do words like "fraud" and "deceptive trade practices" come to mind?[/font]