S2, a new service offering from CBC National Inc., Saddle River, N.J., and ARI (Automotive Resources International), Mt. Laurel, N.J., was launched as part of a strategic partnership between the two subrogation recovery and salvage/remarketing industry players. According to the companies, the new venture was built on the premise that no company should let money slip through its fingers.Responding to the needs of the insurance industry, the rental car industry, and a variety of other self-insured and government entities, S2 provides clients with aggressive subrogation resale services that are designed to positively impact their bottom line.
Industry research shows that nearly 73% of all recoverable subrogation dollars are closed with no recovery. And previous research shows that claims recoveries have focused largely on subrogation, with little attention paid to the potential for improved recoveries from auto salvage.
Source: CBC National Inc.
