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July 27, 2016 - Industry News

FTC Issues Refunds to Buyers of Bogus "Extended Auto Warranties'

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

October 7, 2014 - Industry News

Minnesota AG Sues EFG Over Service-Contract Refunds

John Pappanastos, CEO of EFG Companies

Attorney General Lori Swanson is suing EFG Companies for deceptive practices because it failed to deliver on its promise of full refunds for VSCs canceled within 30 days. The company’s CEO tells F&I and Showroom his company will be exonerated once all the facts are presented.

Tags: EFG Companies, extended car warranty, extended warranties, John Pappanastos, Lori Swanson, Minnesota AG, Minnesota Attorney General, Robocalls, telemarketing

June 9, 2014 - Industry News

Dealer Ordered to Pay $50K for VSC Fraud

A dealership manager was ordered to pay at least $50,000 for keeping money given to him by customers for extended service contracts.

Tags: extended warranties, fraud, Service Contracts

February 6, 2014 - Industry News

RV Warranty Forever Selects Dealer in Arizona

RV Warranty Forever has named Robert Crist and Company RV and World Wide RV the exclusive RV Warranty Forever dealer group in the Phoenix Valley and northern Arizona.

Tags: extended warranties, National Automotive Experts, parts and service, Service Contracts

February 4, 2014 - Industry News

RV Warranty Selects Minnesota Dealer Rep

RV Warranty Forever named Noble RV the exclusive RV Warranty Forever dealer group in the southern half of Minnesota. Noble RV has four locations in Owatonna, Rochester, Madelia and Minneapolis.

Tags: extended warranties, National Automotive Experts

January 30, 2014 - Industry News

RV Warranty Forever Names Mayflower RV as its Exclusive Provider in Arkansas

Mayflower RV has been named the exclusive provider for RV Warranty Forever in the state of Arkansas.

Tags: certified pre-owned vehicles, extended warranties, Repair

January 21, 2014 - Industry News

Dixie RV Named Exclusive Provider of RV Warranty Forever

RV Warranty Forever names Dixie RV Superstore as the exclusive provider of RV Warranty Forever in Northwestern Florida and Southern Louisiana.

Tags: extended warranties, vehicle warranties

August 15, 2013 - Industry News

Nissan Licenses PCMI Policy Claim Solution

Nissan has contracted with PCMI Corporation to license the company’s Policy Claim and Reporting Solutions platform. The cloud-based software enhances how dealers sell, service and administer service contracts and other aftermarket F&I products.

Tags: extended warranties, Nissan, PCMI

March 13, 2012 - Industry News

Industry Veteran Ron Fortt Launches Consulting Company

Retail automotive industry veteran Ron Fortt announced the launch of Automotive Retail Solutions, an independent consulting and training company providing products and services to the automotive industry.

Tags: Automotive Retail Solutions, Business Development Center, extended warranties, parts and service, Service Contracts, training, windshield protection

March 2, 2012 - Industry News

American Guardian Launches Protection Product

American Guardian Warranty Services Inc., a provider of extended repair protection for auto and recreational vehicle dealers, announced the nationwide release of Extreme Auto Protection.

Tags: American Guardian Warranty Services, extended warranties, Vehicle Maintenance

July 12, 2011 - Industry News

Missouri Gov. Signs Service Contract Law

Aimed at telemarketers of vehicle service contracts, Senate Bill 132 was signed into law last week and will provide further oversight on service contract sales in Missouri.

Tags: extended warranties, Legal, legislation, Service Contracts, US Fidelis

June 17, 2011 - Industry News

US Fidelis Owners Indicted on Multiple Felony Charges

Brothers Darain and Cory Atkinson, founders of now-bankrupt extended service contract company US Fidelis, were charged with multiple felonies, including unlawful merchandising practices, stealing and insurance fraud.

Tags: extended warranties, fraud, Service Contracts, US Fidelis

May 6, 2010 - Industry News

Warrantech Offers Free Warranty Coverage on Used-Car Purchases

Warrantech Automotive, a provider of service contracts and aftermarket warranties, will provide a free powertrain warranty on qualified used-car purchases made on EveryCarListed.com through a new exclusive program.

Tags: extended warranties, Vehicle Sales

December 10, 2009 - Industry News

A.M. Best Affirms Ratings of Virginia Surety Company

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Virginia Surety Company Inc. The outlook for both ratings is stable.

Tags: extended warranties, The Warranty Group

September 29, 2009 - Industry News

VehicleXpress and Interstate Program Helps Dealers Capture Warranty Sales

VehicleXpress partnered with Interstate National Dealer Services to offer dealers a Missed Opportunity Program (MOPS), which allows them to offer customers an extended warranty program even after they have completed a sale and left the dealership.

Tags: extended warranties, Interstate National Dealer Services, VehicleXpress

May 19, 2009 - Industry News

Service Contract Provider Interstate National Teams With 21st Century Insurance

Interstate National Dealer Services announced today that 21st Century Insurance will offer its automobile service contracts and extended warranty plans.

Tags: extended warranties, Service Contracts

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