Auto Insurance
NEW ORLEANS--(BUSINESS WIRE)--Nov. 28, 2005--After Hurricane Katrina, flood-damaged cars in Loui... Flood-Damaged Cars From Hu
The Progressive Group of Insurance Companies, the third largest auto insurance group in Louisiana and in the U.S., made an unprecedented decision to scrap the more than 5,000 vehicles it insured that were declared total losses as a result of flood waters in St. Bernard parish and parts of Orleans parish.
"The reasons are simple," said Juan Andrade, claims general manager for the region. "We don't want our people working around those cars and we don't want them back on the road."
The cars are destroyed using a three-step process at the Bayou Steel Corporation's Mississippi River Recycling plant. First, they're crushed flat. Then, they're fed through a shredding machine. Finally, the parts are separated and the recyclable metals are melted into re-usable product.
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