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F&I products

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October 18, 2017 - Industry News

Assurant to Buy The Warranty Group in $2.5 Billion Deal

Under the transaction agreement, Assurant Inc. will become a wholly owned subsidiary of TWG Holdings Limited, whose name will be changed to Assurant Ltd. Assurant shareholders will own approximately 77% of the combined company, while TPG and its affiliates will own the remaining 23%. The transaction is expected to close in the first half of 2018.

Tags: Assurant Solutions, F&I products, The Warranty Group, vehicle service contracts, warranty

October 11, 2017 - Industry News

Fastlane Chooses Market Scan as Data Partner

Fastlane offers dealers an Amazon-like checkout process for consumers who want to buy their car online. It has chosen Market Scan to provide its ecommerce platform with real-time payment and rebate information from every car manufacturer, bank and credit union in the country.

Tags: auto finance, digital retailing, F&I products, Fastlane, Market Scan, online F&I

September 22, 2017 - Industry News

SouthwestRe, DAC Sold to Canada's iA Financial Group

iA Financial Group, one of the largest life and health insurance companies in Canada, has signed an agreement to acquire shares of third-party administrator SouthwestRe and its insurance arm, Dealers Assurance Co. The acquisition is expected to more than double the firm’s vehicle warranty business.

Tags: Dealers Assurance Company, F&I products, iA Financial Group, Jim Smith, reinsurance, SouthwestRe, vehicle service contracts

September 21, 2017 - Industry News

GWC Warranty Names New Chief Revenue Officer

The F&I product provider named Brian Stach to the post. The former vice president for Internet Brands will oversee all of GWC Warranty's field sales operations, including a nationwide team of area vice presidents, dealer consultants, and trainers.

Tags: F&I products, GWC Warranty, Used-Vehicle Service Contracts

September 20, 2017 - Industry News

RoadVantage’s New Preferred LeaseCare Combines Active Protection With Lease-End Benefit

The new program combines the ‘as you drive’ benefits of the F&I product provider’s ancillary products, including dent-and-ding, windshield repair, interior/exterior repair, and key replacement, with a lease-end benefit.

Tags: dent-and-ding, F&I products, key replacement, lease, RoadVantage, windshield protection

August 29, 2017 - Industry News

Attorneys to Tackle GM Product Policy at PALS 2017

In a surprise addition to the P&A Leadership Summit agenda, Matthew Bartle and David Marcus of Bartle & Marcus LLC will address General Motors’ recent directives regarding the sale of non-OEM parts and service contracts.

Tags: Administrators, F&I product provider, F&I products, General Motors, PALS

August 22, 2017 - Industry News

Mirra Promoted to Vice President at EasyCare

Rob Mirra has been promoted to vice president of new business acquisition for EasyCare, where he will lead the search for new partnerships with dealers and vendors.

Tags: EasyCare, F&I manager, F&I products

August 17, 2017 - Industry News

‘Father of F&I Menu’ to Hold Court at F&I Think Tank

George Angus, referred to as the ‘Father of the F&I Menu,’ will be at Industry Summit’s F&I Think Tank to take attendees down F&I’s memory lane during a special lunchtime address. They will be entertained and enlightened, as this legendary trainer shares the good, the bad, and the ugly of the F&I profession.

Tags: auto finance, compliance, F&I products, George Angus, Team One Group

August 17, 2017 - Industry News

AmTrust Names Jackie Banks Vice President of Reinsurance for Special Risk Division

The former reinsurance executive for Allstate Dealer Services will be responsible for all aspects of reinsurance for AmTrust’s Special Risk division, including sales support, training and development of staff, as well as general management responsibilities.

Tags: AmTrust, F&I products, reinsurance

August 16, 2017 - Industry News

'Total Loss Protection' at Center of NY Dealer's $298K Settlement With State AG

New York Attorney General Eric Schneiderman announced that Nissan of New Rochelle will pay $298,000 in restitution and penalties to settle charges relating to the dealership’s “Total Loss Protection” theft-deterrent program. Photo courtesy New York State Office of the Attorney General

The office of New York Attorney General Eric Schneiderman announced that Nissan of New Rochelle will pay $298,211 in restitution, penalties and fees to settle claims the dealership charged hundreds of car buyers thousands of dollars for an ‘unwanted and bogus’ theft-deterrent product.

Tags: compliance, Eric T Schneiderman, Etch, F&I products, New York, Nissan of New Rochelle, payment packing, Total Loss Protection

August 15, 2017 - Industry News

RoadVantage Promotes Randy Ross to President of Sales

Aside from Ross' promotion, the F&I product provider announced the addition of Keith Cooper and Steve Chandler to the company's senior management team.

Tags: F&I office, F&I products, Promotions, RoadVantage

August 15, 2017 - Industry News

Dent Wizard Named Top Workplace

For the first time, the St. Louis Post-Dispatch included Dent Wizard in its list of “Top Workplaces” for 2017. The F&I product provider joins other honorees such as Edward Jones, Monsanto and Safelite Auto Glass.

Tags: Dent Wizard, F&I products, paintless dent removal, Service

July 20, 2017 - Industry News

Automotive Assurance Group Now Part of Amtrust Financial Services Group

The F&I agency has represented Warranty Solution, an AmTrust company, for more than 14 years. Now it can offer its dealer clients the resources of AmTrust programs as well as access to other F&I product providers the firm represents.

Tags: AmTrust, Automotive Assurance Group, F&I products, general agents

July 17, 2017 - Industry News

Auto/Mate Integrates With Darwin Automotive F&I Platform

Darwin CMO Jeff Stafford demonstrates the company's F&I platform at the 2017 NADA Convention & Expo this past January.

With both systems fully integrated, all data entered into the Darwin F&I application is instantly and securely updated in Auto/Mate’s DMS, and any changes made in the DMS are reflected in the Darwin F&I application in real time.

Tags: Auto/Mate Dealership Systems, Darwin Automotive, DMS, F&I menu, F&I process, F&I products, online F&I

July 13, 2017 - Industry News

First Choice Car Care Launches High-Mileage VSC Plans

The new plans are designed to appeal to buyers of older vehicles who desire investment protection at a reasonable cost, officials said. It also encourages dealers to retail units profitably they would otherwise wholesale for a loss.

Tags: Auto Auctions, F&I products, First Choice Car Care, high-mileage VSC, Lloyd Truschel, Used-Vehicle Service Contracts, vehicle service contracts, VSC

July 13, 2017 - Industry News

Three States Pass GAP Laws

The Guaranteed Asset Protection Alliance, a lobbying group made up of GAP providers, administrators and finance sources, was instrumental in getting two of the three laws passed — the most recent state to adopt its model act being Maine.

Tags: compliance, F&I products, GAP, GAPA, GAPWise, Guaranteed Asset Protection Alliance, insurance, Regulations, Rob Berger, Timothy Meenan, Wise F&I

July 11, 2017 - Industry News

Industry Summit 2017: Cox Automotive Exec to Delve Into F&I’s Future

Cox Automotive’s Jason Barrie, who has helped drive Dealertrack’s evolution from credit application portal to an enabler of sales and F&I workflow since 2005, says technology won’t kill F&I. He will be at Industry Summit 2017 to explain why.

Tags: Cox Automotive, Dealertrack, digital retailing, F&I process, F&I products, online F&I

July 11, 2017 - Industry News

Alpha Warranty Introduces Summit Protection Ancillary Product Line

The new line was created internally based on agent and dealer demand, officials said. It includes ElevateCare, a five-in-one product bundle, and standalone tire-and-wheel protection and key/remote replacement.

Tags: Alpha Warranty Services, F&I manager, F&I office, F&I products, key replacement, product bundle, Tire and Wheel

June 30, 2017 - Industry News

Portfolio Acquires California-Based F&I Agency

The F&I product provider has acquired Folsom, Calif.-based Finance Concepts LLC, one of its largest producing agencies. Terms of the transaction were not disclosed.

Tags: Brent Griggs, Capital Z Partners, F&I product provider, F&I products, F&I training, Finance Concepts, general agents, Portfolio Group

June 26, 2017 - Industry News

Portfolio Launches QUANTUM VSC

The company’s newest vehicle service contract offering was designed to cover ‘essential’ new electronic components.

Tags: F&I manager, F&I products, In-Car Technology, vehicle service contract

June 26, 2017 - Industry News

GWC Warranty Names New Product Manager

Andrew Roke had held positions in operations and marketing product management before the F&I product provider appointed him product manager. He will be responsible for managing GWC’s suite of products while evaluating new opportunities for innovative enhancements.

Tags: F&I products, GWC Warranty Corporation, Used-Vehicle Service Contracts

June 8, 2017 - Industry News

F&I Think Tank Heads to Dallas With Arroyo at the Helm

F&I and Showroom’s Gregory Arroyo will chair the 20 Group-like event, which will close out Industry Summit 2017 on Sept. 14. This year’s theme: ‘Making F&I Great Again.’

Tags: Career Advice, F&I director, F&I manager, F&I process, F&I products, F&I Think Tank, F&I training, Industry Summit

June 7, 2017 - Industry News

EFG Companies Launches Virtual F&I Service

The F&I product provider rolled out a new virtual F&I model aimed at powersports and independent dealers, but the executive overseeing the service offered several scenarios in which Simplicity Finance and Insurance can help franchised dealers.

Tags: EFG Companies, F&I process, F&I products, virtual F&I office

June 7, 2017 - Industry News

Dent Wizard Names Director of Operations for Canadian Market

Matt Boyd, who has served in various roles since joining Dent Wizard International in 2005, was promoted to director of operations for the company’s Canadian market.

Tags: Canada, Dent Wizard, F&I products, paintless dent removal

June 5, 2017 - Industry News

Protective Earns Platinum in Dealers’ Choice Award

This year's honor marks four consecutive years the F&I product provider has earned Platinum in the Vehicle Service Contract category of Auto Dealer Today's Dealers' Choice Awards.

Tags: F&I manager, F&I office, F&I products, Protective Asset Protection Division

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