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In response to a public outcry over skyrocketing costs of automobile insurance, the New York State legislature passed a law during the Summer of 1977, which was commonly referred to as the "NYS Photo Inspection Law." This anti-fraud statute was designed to help reduce auto insurance costs by preventing issuing policies for non-existent (phantom) automobiles and deterring fraudulent and exaggerated automobile damage claims. The law required that all vehicles with physical damage insurance coverage (fire, theft, collision or comprehensive) be inspected by a representative of the insurance carrier at the inception of coverage. The inspection includes a verification of the Vehicle Identification Number, list of options and accessories, description of any damage on the vehicle, photographs of the EPA sticker, and the vehicle itself.
Insurance fraud costs the motoring public millions of dollars each year. To learn more about how vehicle pre-insurance inspection combats insurance fraud, read Photo Inspection: First line, of defense against vehicle insurance fraud.
In the fall of 1977, CARCO Group, Inc., a privately held corporation, was founded to provide auto inspection service to the insurance community. An initial network of more than 1,000 auto photo inspection stations was set up throughout the State of New York to serve the convenience of the motoring public.
The success of this law in reducing the number of fraudulent claims in New York influenced the Commonwealth of Massachusetts and the State of New Jersey to implement similar inspection programs respectively. CARCO quickly responded to this new marketing opportunity and established comprehensive physical damage automobile inspection site networks and programs to virtually mirror that of New York.
The State of Florida was next to implement a limited version of the vehicle inspection program. CARCO immediately expanded its service to meet the automobile inspection needs of the insurance carriers in Florida by providing the most cost-efficient and expansive inspection service available in the state, including an extensive inspection site network and state-of-the art computer communications.
In March of 1994, two significant events occurred related to pre-insurance vehicle inspection. First, the State of Rhode Island implemented a Vehicle Pre-Insurance Inspection Program. As it had done in the past, CARCO responded to this new market by opening an extensive inspection site network. CARCO also acquired Autocheck, a major competitor in this market and, as a result of the merger of Autocheck's inspection site network with that of CARCO's, an industry-leading national site network in excess of 4,000 locations was created.
On July 20, 1995, CARCO continued it's strategy of rapid growth through acquisition by acquiring the operating assets of the insurance inspection services division of AutoInfo, Inc., it's largest competitor. This acquisition enabled the company to operate more efficiently and to provide enhanced service to the insurance community, including a combined national site network of approximately 7,000 locations.
Today, through its record of quality performance, a fully computerized proactive vehicle inspection program, and the most extensive site network available to serve the motoring public, CARCO maintains a dominant market position in the automobile inspections industry segment.
CARCO, setting the standard for accurate and reliable vehicle inspection services for 36 years.
CARCO Group Named by CIO Review Magazine as one of the 20 Most Promising HR Technology Solutions Providers 2014. Click here to view
CARCO announces partnership with iCIMS, Inc. to provide a seamless, integrated and efficient risk mitigation solution. Click here to view
**NEW** FTC/EEOC Joint Publication: Background Checks: What Employers Need to Know. Click here to view
CARCO Group, Inc. and its Driver iQ Division continue to be accredited by the Background Screening Credentialing Council. Click here to view
CARCO Achieves Second Oracle Validated Integration of Background Check Solutions with Oracle Talent Management Cloud. Click here to view
CARCO's Announces Oracle Validated Integration with Oracle Taleo Enterprise Cloud Service and CARCO's I-9/E-Verify Solution. Click here to view
**NEW** Ban the Box Legislation Chart Click here to view
New Infographic! CARCO's Quintuple Criminal Record Verification Process
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NEW FCRA FORMS Click here to view
EEOC Guidance Released on Criminal History Record Checks. Click here to view.
Interested in Sue Weaver C.A.U.S.E. Certification? CARCO can help! Click here to view
CARCO in The New York Times. A tip from CARCO started the police investigation which broke up a luxury car theft ring! Click here to view.
Lana Batts, Co-President, Driver iQ, a division of CARCO Group, interviewed by DC Velocity about pre-screening in the trucking industry. Read the interview.
One year after Superstorm Sandy, CARCO's CEO, Jim Owens, is in the New York Daily News, October 29, 2013 edition, discussing CARCO's solutions to preventing the purchase of a damaged car. Click here to view "Superstorm Sandy floods the used car market with shady deals and unscrupulous sellers".
CARCO Group honored to team with the nonprofit 4 Wheel 2 Heal to donate an Action Trackchair to wounded Fort Bragg soldier, Sgt. Jonathon Rivenbark, to give him a gift of mobility. Click here to learn more
CARCO's CEO in the News! Jim Owens' interview in Newsday LI Business discussing risk management in looking for vehicle lemons flooded in superstorm Sandy and in performing background checks on prospective employees. Click here to view
This white paper examines the issues of pre-adverse and adverse notifications as required by the Fair Credit Reporting Act and provides a series of best practices for employers to avoid potential civil liability when using background checks to make employment decisions. DOWNLOAD HERE
Important White Paper on Best Practice Standards. The Proper Use of Criminal Records in Hiring. This document is important to help employers understand how to comply with the EEOC Guidance on proper use of criminal history data in the hiring process. Click here to view
CARCO is blogging! Read More
Fred Giles, CARCO's SVP, Research Division, explains the EEOC's Guidance on Use of Criminal Records in Hiring. VIEW NOW
CARCO CEO Jim Owens speaks with NY1 on auto scams following Hurricane Sandy. VIEW NOW
Jim Owens, CARCO's President and CEO, Presents a Very Strong Case Supporting Vehicle Inspections to Senior Members of the New York State Senate VIEW NOW
Click here to access the HR.com webcast by Fred Giles, CPP, CARCO's SVP, Research Division, regarding "Background Screening Compliance Trends"