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April 4, 2017 - Industry News

AAA: One-In-Three U.S. Drivers Can’t Afford Unexpected Repair

The organization's newest survey backs the need for F&I protections, finding that 64 million U.S. drivers can't afford an unexpected vehicle repair. AAA also found that one-third of drivers skip or delay recommended services or repairs.

Tags: AAA, F&I manager, Prepaid Maintenance, Repairs, Service Contracts, Vehicle Maintenance

October 3, 2016 - Industry News

Sansone Named President of Matrix Warranty's Automotive Division

Industry veteran Dominic Sansone was named president of Matrix Warranty Solution's automotive division. He will be responsible for developing new distribution channels, expanding relationships with customers, increasing sales, creating innovative new warranty/service contract programs, and structuring the automotive division for future growth.

Tags: Hiring, Matrix Warranty Solutions, President, Service Contracts

September 13, 2016 - Industry News

Portfolio Launches Reinsured Service Drive Product

Portfolio announced the launch of Portfolio Edge, a program designed to extend coverage of the manufacturer’s parts and labor warranties on repairs performed in dealership service drives. It also reinsures the extended coverage contracts to the dealer's affiliated reinsurance company.

Tags: PartShield, Portfolio, Service Contracts, warranty

August 3, 2016 - Industry News

i3 Brands Announces Integration Deal With Snap-on Business Solutions

Today, i3 Brands announced an integration deal that will have its PartProtection system, a point-of-sale platform that allows car dealers to offer service contracts on OEM parts, integrated into Snap-On Business Solution's electronic parts catalog.

Tags: OEM Parts, PartProtection, Service Contracts, Snap-on Business Solutions

June 2, 2016 - Industry News

Protective Wins Platinum Dealers' Choice Award

Protective Asset Protection earned a Platinum award in the service contract provider category of Auto Dealer Today's 2016 Dealers's Choice Awards.

Tags: Dealers Choice Award, Protective Asset Protection, Service Contracts

May 31, 2016 - Industry News

Turks and Caicos Regulator Engages Reinsurance Industry

The Turks and Caicos Islands Financial Services Commission met last week with 20 leading reinsurance experts to elicit their views on proposed improvements to the islands’ regulatory regime and to explore how TCI may remain the domicile of choice of producer affiliated reinsurance companies.

Tags: consumer protection, GAP, producer-affiliated reinsurer, reinsurance, Service Contracts, Turks and Caicos Islands

May 24, 2016 - Industry News

AP Poll: Two-Thirds of Americans Can’t Afford $1,000 Emergency

Conducted by The Associated Press-NORC Center of Public Affairs, the poll found that 75% of households making less than $50,000 a year would have difficulty coming up with $1,000 to cover an unexpected bill.

Tags: Consumer Buying Habits, consumer confidence, consumer debt, Great Recession, parts and service, Repairs, Service Contracts

May 24, 2016 - Industry News

AutoTech Protect Releases Technology-Focused Service Contract

The new F&I product will be available in 47 states. It offers a cheaper service-contract alternative for customers who want to protect their in-car technology but object to traditional coverage due to price constraints.

Tags: AutoTech Protect, Service Contracts, technology

March 8, 2016 - Industry News

SouthwestRe Introduces Powertrain Wrap Program

SouthwestRe's new Automotive Powertrain Wrap is a vehicle service contract designed to be sold together with the F&I product provider's First Automotive Lifetime Powertrain Limited Warranty program.

Tags: Powertrain Coverage, Service Contracts, SouthwestRe

February 23, 2016 - Industry News

AUL Names Scott Smith Operations Managers

Smith will lead AUL's operations department while maintaining his role as service support manager. He replaces Jackie Matthews, who stepped back from her role as operations manager as she prepares for retirement.

Tags: AUL Corp., Promotions, Service Contract Provider, Service Contracts

January 25, 2016 - Industry News

Automotive Assurance Group Named Top Agent for Warranty Solutions

Automotive Assurance Group has represented Warranty Solutions for over 13 years and achieved top agent status in various categories over the years. However, this is the first year it was named the top producing agent in the country.

Tags: Automotive Assurance Group, New Vehicles, Service Contracts, used vehicles, Warranty Solutions

December 29, 2015 - Industry News

GWC Warranty Exceeds $375 Million in Claims Paid

F&I product provider GWC Warranty announced today that it has surpassed $375 million in claims paid to date.

Tags: GWC Warranty Corporation, Service Contracts, used vehicles

September 15, 2015 - Industry News

GWC Warranty Expands F&I Product Suite

GWC Warranty has introduced a new five-year, 100,000-mile coverage term for select used-vehicle protection plans. The F&I product provider also released a new product designed for dealers with onsite service facilities.

Tags: GWC Warranty Corporation, parts and service, Service Contracts

September 1, 2015 - Industry News

CNA National Marks 20th Anniversary of Purchase by CNA

It has been 20 years since CNA National was purchased by CNA, one of the nation’s oldest and largest insurance companies.

Tags: CNA National, F&I product provider, GAP, Service Contracts, Tire and Wheel

August 4, 2015 - Industry News

GWC Enhances Top Dealer Programs

The F&I product provider is expanding the ways it rewards its top dealers. The firm announced enhancements to its GWC Elite Dealer Program and introduced a new rewards tier.

Tags: F&I department, F&I manager, GWC Warranty. Used-Vehicle Service Contracts, Service Contracts

January 15, 2015 - Industry News

Minn. AG’s Lawsuit Against EFG Dismissed

The lawsuit, which charged the F&I product provider with violating three consumer-protection laws for the way it handled service-contract cancellations and refunds, was dismissed 90 days after it was filed.

Tags: Attorney General, EFG Companies, Lawsuit, Lori Swanson, Service Contracts

September 30, 2014 - Industry News

Conn. Dealer Charged in Service Contract Scam

A used-car dealer is accused of pocketing more than $13,000 in vehicle service-contract sales, leaving customers without the protections they though they purchased.

Tags: DMV, fraud, Service Contracts, used vehicles

August 21, 2014 - Industry News

F&I and Showroom Extends Deadline to Enter F&Idol Contest

The deadline to enter F&I and Showroom's F&Idol contest has been extended to Monday, Aug. 25. At stake is up to $3,500 in prize money and a trip to Industry Summit 2014.

Tags: F&Idol, IAS, key replacement, lease, Service Contracts, Tire and Wheel

August 7, 2014 - Industry News

AUL Wins Dealers’ Choice Award

AUL Corp. won the Gold award in the Service Contract Provider category in Auto Dealer Monthly's 2014 Dealers' Choice Awards.

Tags: Auto Dealer Monthly, Dealers' Choice Awards, Service Contracts

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

March 20, 2014 - Industry News

Ford Awarded for Service Contract Excellence

Ford Motor Co.’s service contract business was recognized by the Global Warranty and Service Contract Association last week for its customer-driven, innovative approach to reviewing claims.

Tags: Awards, Ford Motor Co., Global Warranty and Service Contract Association, 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

January 16, 2014 - Industry News

RoadVantage Extends Coverage Terms on F&I Offerings

The F&I product provider is now offering coverage terms of up to seven years on its full line of ancillary products.

Tags: ancillary products, F&I products, GAP, RoadVantage, Service Contracts

October 17, 2013 - Industry News

F&I Industry Loses VSC Pioneer

Dick Winzer, the founder of Automotive Professionals Inc., passed away this month at the age of 86. Former employees and colleagues credit him with being one of the first to develop computerized claim adjusting and processing.

Tags: obituary, Service Contracts

May 28, 2013 - Industry News

National Auto Care Adds Express Pay to Service Contract Solution

National Auto Care’s ExpressLane product will now include Express Pay, which will allow dealers to submit payments by ACH for service contract sales.

Tags: National Auto Care, Service Contracts

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