April 19, 2018 - Industry News
New legislation aimed at strengthening dealer protections under California’s franchise laws will have its first committee hearing on Monday. One of its provisions specifically addresses the disclosure policy General Motors issued last summer regarding the sale of non-GM service contracts.
Tags: California New Car Dealers Association, dealer protection, F&I products, Franchise Laws
April 17, 2018 - Industry News
The company’s new CFO brings 35 years of experience in the insurance and automotive industries to the role, having most recently served as executive vice president and CFO of The Warranty Group.
Tags: APCO, connected car, Covideo, David Vickers, digital, EasyCare, F&I products, GWC Warranty, SAVY, technology
April 9, 2018 - Industry News
Black served as the F&I product provider's COO for the last seven-plus years. He succeeds Terry Koebbe, whose title was elevated to chairman. Both moves took effect on April 1.
Tags: Dent Wizard, F&I products, Mike Black, paintless dent removal, reconditioning, Terry Koebbe
April 2, 2018 - Industry News
When installations are completed in mid-July, Hendrick Automotive Group will be the largest single user of Reynolds’ docuPAD system in the United States.
Tags: compliance, docuPAD, econtracting, F&I menu, F&I products, F&I technology, Hendrick Automotive Group
March 22, 2018 - Industry News
Zurich continues to enhance its digital presence with the introduction of a co-branded F&I landing page dealers can add to their websites. The new offering, which will be on display at NADA 2018, is designed to educate internet shoppers about F&I protection products.
Tags: digital retailing, F&I products, online F&I, virtual F&I office, Virtual Showroom, Zurich
March 20, 2018 - Industry News
F&I product provider GWC Warranty today announced the addition of Emily Dwyer as its new strategic brand manager.
Tags: F&I products, GWC Warranty Corporation, hires, Used-Vehicle Service Contracts
March 15, 2018 - Industry News
The new functionality allows product documents from the 110-plus F&I product providers connected to MaximTrak’s sales and F&I solution to be included in RouteOne’s econtracting package for a single, electronic consumer signing ceremony,
Tags: auto finance, econtracting, F&I process, F&I products, F&I solutions, MaximTrak, RouteOne
March 1, 2018 - Industry News
The F&I product provider’s new board member spent 24 years with Ford Motor Co., where she served as director of global marketing for Ford, president and CEO of Volvo Cars of North America, and president of sales operations for Volvo Car Corp. in Sweden.
Tags: APCO, EasyCare, F&I product provider, F&I products, Ford Motor Co. Volvo Cars, GWC Warranty
February 12, 2018 - Industry News
The company achieved its milestone in a third of the time it took to reach one million policies issued, which AUL did in 2011. Officials said 2017 was the vehicle service contract provider’s best performing year since its founding in 1990.
Tags: AUL Corp., F&I products, milestone, vehicle service contracts
The F&I product provider was named to the National Association of Business Resources’ ‘101 Best and Brightest Companies to Work for” and the Wilkes-Barre Times Leader’s ‘Northeastern Pennsylvania Best Places to Work” lists.
Tags: Best Places to Work, F&I products, GWC Warranty Corporation, vehicle service contract
January 30, 2018 - Industry News
As part of its announcement, the F&I product provider revealed several key executive promotions, including the appointment of Jon A. Anderson as president and COO.
Tags: agents, American Guardian Warranty Services, Compass Auto VSC, F&I products, Jon Anderson, vehicle service contracts
January 24, 2018 - Industry News
iA Financial Group has completed its acquisition of the third-party administrator and its insurance arm, Dealers Assurance Co. Both companies will now operate as fully owned subsidiaries of iA.
Tags: Dealers Assurance Company, F&I products, iA Financial Group, Mergers and Acquisitions, reinsurance, SouthwestRe
January 23, 2018 - Industry News
CNA National said it has now paid more than $3 billion in claims for all product lines since the company’s founding in 1982. That’s just one of the achievements the company notched in 2017, a year in which the company introduced a new product and passed the four million mark for VSCs in force.
Tags: CNA National, F&I products, vehicle service contracts, Z2 Series
January 22, 2018 - Industry News
Zurich North America is reshaping its dealer P&C portfolio to address 'persistent underperformance due to continued volatility associated with large and catastrophic hail losses." As a result, Zurich will focus heavily on F&I in 2018, a spokesperson said last week.
Tags: F&I office, F&I process, F&I products, P&C insurance, vehicle service contracts, Zurich
January 18, 2018 - Industry News
Add TagRail to the growing list of companies offering a digital retail platform. The company’s online car-buying tool is designed to close more online shoppers through a frictionless online transition from their living room to the showroom.
Tags: auto finance, digital retailing, F&I products, online F&I, TagRail, technology
December 20, 2017 - Industry News
Based on an interpretive rule issued by the Defense Department on Dec. 14, including credit-protection products like GAP in a servicemember’s vehicle finance contract could subject it to a slew of restrictions and requirements under the Military Lending Act (MLA).
Tags: compliance, credit insurance, Department of Defense, F&I products, GAP, Military Lending Act, National Automobile Dealers Association, servicemembers
December 5, 2017 - Industry News
Born out of the F&I product provider’s 2015 and 2016 F&I Innovator of the Year competitions at Northwood University, EFG Companies’ Driver’s Advocate mobile app features a host of service-retention tools, including a loyalty rewards tracker, and doubles as an inventory-management tool.
Tags: Customer Loyalty, EFG Companies, F&I products, Mobile Applications, Service
The new online tool allows service departments to enter multiple claims and multiple jobs at once without having to call in the claim. Company officials said claims can be submitted through the portal in about two to three minutes.
Tags: Alpha Warranty Services, claims, F&I products
The F&I product provider named Rob Hehr to the newly created position of vice president of reinsurance. For the past seven years, the more than 25-year industry veteran served in an executive role with Gulf States Financial Services/GSFSGroup.
Tags: CNA National, F&I products, reinsurance
November 29, 2017 - Industry News
Paul Leary, a 25-year veteran of the warranty business, will be responsible for working with agents and dealers in the company’s Central region.
Tags: AUL Corp., F&I products, vehicle service contracts
November 8, 2017 - Industry News
The 20-year industry veteran and former executive with The Warranty Group will coordinate strategy and development for AAGI’s products, services, and technology. Tim Brugh, who held the title since May 2013, named CEO.
Tags: American Auto Guardian, Craig Robinson, F&I products, The Warranty Group
October 25, 2017 - Industry News
The vice president cast his tiebreaking vote late Tuesday night. The measure now heads to President Trump's desk, where it is likely to be signed. Once it does, not only will the CFPB's arbitration rule be invalidated, the bureau won't be allowed to issue a similar rule unless authorized to do so in a subsequent law.
Tags: Arbitration, CFPB, compliance, F&I products
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
October 11, 2017 - Industry News
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
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
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