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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

May 31, 2016 - Industry News

Reuters: Former Zurich Insurance CEO Commits Suicide

Reuters reported yesterday that former Zurich Insurance CEO Martin Senn has committed suicide, the second top executive at the group to take his own life in less than three years.

Tags: insurance, Zurich

January 9, 2014 - Industry News

Clem's RV Named Exclusive Provider of RV Warranty Forever for Western Pa.

RV Warranty Forever has named Clems RV as the exclusive RV Warranty Forever dealer in the Western Pennsylvania market. Clem’s RV will now be able to offer a lifetime warranty on every new and eligible pre-owned unit they sell for as long as the purchaser owns their unit.

Tags: insurance, National Automotive Experts, warranty

May 16, 2013 - Industry News

F&I Administration Announces Integration With PayLink

F&I Administration Solutions LLC announced the integration of PayLink Payment Plans financing services into its dealer electronic rating and electronic contracting solution.

Tags: automotive, F&I, F&I Administration Solutions, Finance, insurance, PayLink, Payment Plan

April 18, 2013 - Industry News

State Orders Michigan Dealer to Stop Selling Insurance

Michigan insurance regulators have ordered a Detroit dealer to stop selling insurance without a license. After selling insurance to more than 25 customers, the agency found that the dealer provided incorrect information, insufficient coverage or failed to pay for the policies.

Tags: fraud, insurance, Michigan

February 21, 2013 - Industry News

Major Dealer Groups Prepare to Top Records Set in 2012

Most of the major dealer groups posted big gains in the fourth quarter and for the full-year 2012. One group reached an all-time high of $1,215 in F&I gross profit per retail unit.

Tags: 2012, annual, Asbury Automotive, AutoNation, F&I, Finance, Fourth Quarter, Group1 Automotive, insurance, Lithia Motors, Penske Automotive Group, Revenue, Sonic Automotive

February 14, 2013 - Industry News

FTC: 5 Percent of Consumers Have Erroneous Credit Reports

A new FTC study on credit report accuracy found that one in five consumers had an error on at least one of their credit reports.

Tags: auto loan, automotive, consumer, Credit, Credit Report, error, FTC, insurance

June 26, 2012 - Industry News

Oklahoma Bill Clears Service Contract Providers of Insurance Laws

Oklahoma legislators overturned a 2011 Supreme Court ruling earlier this year with the passage of the Service Warranty Act. It clarifies that extended vehicle service contracts should not be treated as insurance.

Tags: insurance, Oklahoma, Oklahoma Supreme Court, Service Contracts, vehicle service contracts

February 7, 2012 - Industry News

Allstate to Open In-Dealership Insurance Agencies

Allstate Insurance Co. and Allstate Dealer Services announced that auto dealers will have the opportunity to open full-service Allstate agencies inside their dealerships.

Tags: Allstate, Allstate Dealer Services, general agents, insurance

July 7, 2011 - Industry News

GM Offers Oregon, Washington Drivers Auto Insurance as Standard Feature

GM’s complimentary auto insurance policy from MetLife Auto&Home includes both liability and physical damage coverage for one year.

Tags: Buick, Cadillac, Chevrolet, General Motors, GMC, incentives, insurance, manufacturer incentives, MetLife

November 30, 2010 - Industry News

10 New Models Destined to be Classics

The 2011 Chevrolet Camaro SS Convertible, a vehicle Hagerty predicts will become collectible in the future.

There is no better selling point than being able to tell customers that the vehicle they’re interested in might have what it takes to become a collector car of tomorrow. Hagerty Insurance Agency is helping dealers do just that with its 2011 “Hagerty Hot List,” an annual rundown of new vehicles that could one day be sought-after vehicles by collectors.

Tags: insurance

March 30, 2010 - Industry News

Tina Mallie Named Head of Zurich's Direct Markets

Zurich, a global property and casualty insurance provider, announced today that Tina Mallie is the new head of direct markets for Zurich North America Commercial.

Tags: F&I products, insurance, inventory, Zurich Financial Services

January 26, 2010 - Industry News

Red Hill Insurance to Represent Mt. Washington Assurance Corp.

Red Hill Insurance Agency LLC in Wilton, N.H., will represent Mt. Washington Assurance Corporation and sell its personal auto and homeowners insurance.

Tags: insurance

January 26, 2010 - Industry News

Roland Dumont Agency Inks Contract With Plymouth Rock Assurance

The Roland Dumont Agency Inc., Bristol, Conn., is now representing Plymouth Rock Assurance Corporation and selling its personal and commercial auto insurance lines.

Tags: insurance

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