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Flooded vehicles have finally stopped arriving at the Royal Purple Raceway east of Houston. Some 23,000 now await processing and retitling to be auctioned off for parts or to be scrapped. That is just one of several insurance industry salvage locations where more than 422,000 insured vehicles damaged by Harvey have been taken for processing. According to the National Insurance Crime Bureau (NICB), these totals surpass the number of claims that resulted from Hurricane Katrina (approx. 300,000) and from Superstorm Sandy (250,500). In addition, more than 215,000 claims have been filed following damage to vehicles from Hurricane Irma in Florida. These insured vehicles will be processed and rebranded with a salvage title and sold at online auctions to dismantlers who will save usable parts or have the vehicle crushed and sold for scrap. To view the multimedia release go to: http://www.multivu.com/players/English/76652512-nicb-reports-record-number-of-hurricane-flooded-vehicles/

At the start of year-end reporting season, businesses can find themselves facing many questions about forms and deadlines. With the introduction of the Affordable Care Act in 2014, the waters got even muddier. Greatland Corporation, an expert in forms and reporting, has developed a helpful outline for businesses facing reporting questions. • If your business employs 50 or more full-time equivalent employees and is self-insured, you need to file Form 1095-C Parts I, II and III. • If your business employs 50 or more full-time equivalent employees and you are NOT self-insured, you need to file Form 1095-C Parts I and II only. • If you are a self-insured employer with less than 50 full-time equivalent employees, you are required to file Form 1095-B, Parts I, III and IV. To view the multimedia release go to: https://www.multivu.com/players/English/8218651-greatland-corporation-year-end-tax-reporting-advice/