ARI Increases Subrogation Recoveries of Diminished Value
MT. LAUREL, NJ - Automotive Resources International (ARI), a leading global fleet solutions provider specializing in complex car and truck fleets, announces an enhanced subrogation recovery process, which will increase opportunities to recover Diminished Value on behalf of its clients.
As more insurance carriers accept the recovery of Diminished Value on physical damage repairs, ARI has become a leader in pursuing maximum returns for our customers. ARI uses an independent appraisal composed of detailed criteria to determine the vehicle's diminished value.
"This has proven an effective tool in increasing overall recoveries," says ARI Director of Fleet Management Services, Tony Piscopo.
While laws may not support recoveries in all cases, this new process provides an accurate appraisal and state-specific case law needed to be successful on applicable claims.
ARI, a subsidiary of Holman Enterprises based in Mt. Laurel, N.J., is an industry leader and the largest privately-held fleet leasing and management company in the world.
As a single-source fleet management leader, ARI customizes innovative solutions that streamline fleet operations, help lower the cost of fleet ownership and create long-term value for customers.
Today, with a workforce numbering more than 1,400 and offices throughout the U.S., Canada, Mexico, Puerto Rico and Europe, the company manages more than 2,000 outsourced fleets (over 690,000 autos and trucks) in North America and, combined with its strategic partners, more than 1.5 million global fleet vehicles.