October 18, 2017 - Industry News
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
September 29, 2017 - Industry News
The new warranty doubles the automaker's current three-year, 36,000-mile warranty. Called the People First Warranty, the coverage can be transferred to subsequent owners for up to six years or 72,000 miles from the date it was first sold new.
Tags: Powertrain Coverage, vehicle service contracts, Volkswagen
September 22, 2017 - Industry News
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 7, 2017 - Industry News
Aside from the promotion of Nieves, who has been with the company for more than 20 years and previously served as national accounts manager, AUL announced the promotion of Henry Paoli to national sales manager.
Tags: AUL Corp., F&I manager, F&I products, used vehicles, vehicle service contracts
August 24, 2017 - Industry News
General Motors dealers who sell non-GM service contracts, parts and accessories must now disclose to their customers that the products are not backed by the automaker. Dealers who don’t comply face possible termination of their franchise agreement.
Tags: aftermarket accessories, California New Car Dealers Association, compliance, General Motors, NADA, National Automobile Dealers Association, Regulations, vehicle service contracts
August 21, 2017 - Industry News
Three days after the New York attorney general's office reached settlement with a dealer for tacking on etch after customers agreed to prices for vehicles and often without their knowledge, New Jersey Attorney General Christopher Porrino reached an agreement with Sansone Hyundai to settle similar charges.
Tags: Christopher S. Porrino, compliance, Etch, New Jersey Attorney General, payment packing, Sansone Hyundai, vehicle service contracts
July 13, 2017 - Industry News
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
May 18, 2017 - Industry News
KISS Concepts Group's Rod Heasley will head up a new division at American Auto Shield dedicated to the launch of a new customizable VSC program. The union marks American Auto Shield's entrance into the dealer arena after focusing exclusively on direct-to-consumer opportunities.
Tags: American Auto Shield, F&I products, KISS Concepts Group, vehicle service contracts
May 10, 2017 - Industry News
The merger creates what officials describe as the largest vehicle service contract payment plan provider in the United States. The new entity will operate under the PayLink Direct brand. Rebecca Howard, cofounder of PayLink Direct, will serve as CEO.
Tags: F&I products, Omnisure, PayLink Direct, Payment Plan, vehicle service contracts
April 18, 2017 - Industry News
The new vehicle service contract offering follows a redefinition of CNA’s vehicle classing system preceded by a thorough rate review. The new offering includes coverage for rideshare vehicles titled to private individuals.
Tags: CNA National, F&I products, vehicle service contracts, Z2 Series
April 12, 2017 - Industry News
The German automaker recently announced it will offer a six-year or 72,000-mile warranty on its Atlas mid-size SUV and Tiguan compact SUV for the 2018 model year. The upgraded warranty marks a significant upgrade from the 2017 Tiguan.
Tags: F&I products, vehicle service contracts, vehicle warranties, Volkswagen
March 16, 2017 - Industry News
SelectCare was designed to cover parts not covered by the factory warranty, vehicle service contract or prepaid maintenance plan.
Tags: F&I products, vehicle service contracts, vehicle warranties
February 27, 2017 - Industry News
CNA National Warranty Corp. (CNAN) returned more than $40 million to automobile dealers across the U.S. through its various participation plans for 2016, the company announced this week.
Tags: CNA National, GAP, vehicle service contracts
January 24, 2017 - Industry News
GWC Warranty announced the appointment of Richard Gesler as vice president of operations. He will oversee the F&I product provider's claims, business processing and customer service operations.
Tags: F&I manager, F&I products, GWC Warranty Corporation, vehicle service contracts
December 13, 2016 - Industry News
The F&I product provider joins 100 other companies on the list. This was the first time the company entered the contest, which is designed to recognize and honor the best places of employment in Texas, benefiting the state economy, workforce and business.
Tags: F&I product provider, Portfolio, reinsurance, vehicle service contracts
July 27, 2016 - Industry News
The Federal Trade Commission (FTC)'s six-year effort to collect on a $4.2 million judgement against a telemarketer of “extended auto warranties” came to a end last week. The telemarketer, which did business under the name My Car Solutions, led victims to believe it was affiliated with auto dealers and manufacturers.
Tags: compliance, extended warranties, F&I products, FTC, Robocalls, telemarketing, vehicle service contracts
January 28, 2016 - Industry News
Cox Automotive announced today it has acquired a minority interest in F&I product provider SilverRock Holdings LLC. Officials said the products will be sold through dealers affiliated with Go Financial and NextGear Capital.
Tags: Cox Automotive, GAP, GO Financial, NextGear Capital, Oreno Holdings, SilverRock Holdings, vehicle service contracts, Vehicle-Recovery Device
November 19, 2015 - Industry News
The transaction is expected to close this December. Officials said APCO’s management team will remain in place once it does.
Tags: APCO, EasyCare, GWC Warranty Corporation, Larry Dorfman, Stone Point Capital, vehicle service contracts
October 15, 2015 - Industry News
EasyCare launched on Oct. 1 a full suite of F&I protections designed for the recreational vehicle market. Products include road hazard tire-and-wheel protection, GAP, limited warranty and vehicle service contracts.
Tags: EasyCare, GAP, recreational vehicles, Road Hazard Protection, Tire and Wheel, vehicle service contracts
October 13, 2015 - Industry News
The F&I product provider’s new all-in-one service contract brings together road-hazard protection, paintless dent repair, windshield repair and more.
Tags: paintless dent removal, Road Hazard Protection, SouthwestRe, Tire and Wheel, vehicle service contracts, windshield protection
September 30, 2015 - Industry News
As of last month, CNA National now has more than three million contracts in force across its product lines, including vehicle service contracts, GAP, tire-and-wheel protection and warranties.
Tags: CNA National, F&I products, GAP, Tire and Wheel, vehicle service contracts
June 3, 2015 - Industry News
Vehicle service contract administrator AUL Corp. has unveiled its new Absolute suite of products for franchise dealers.
Tags: AUL Corp., Franchised Dealerships, vehicle service contracts
June 2, 2015 - Industry News
The company rolled out its new Ally Premiere Protection after completing a three-month pilot. Test dealers gave Ally high marks for training and product transition.
Tags: Ally, Ally Premiere Protection, vehicle service contracts
April 22, 2015 - Industry News
After receiving regulatory approval in Alaska, the F&I product provider announced that it's now able to operate in all 50 states.
Tags: F&I manager, F&I managers, F&I menus, F&I products, GWC Warranty Corporation, vehicle service contracts
July 22, 2014 - Industry News
For the fourth time, Portfolio has received a Diamond Award from Auto Dealer Monthly in its annual Dealer’s Choice Awards.
Tags: Auto Dealer Monthly, Dealer's Choice Awards, Diamond Award, Portfolio Group, vehicle service contracts
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