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October 18, 2017 - Industry News

Assurant to Buy The Warranty Group in $2.5 Billion Deal

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 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

September 6, 2016 - Industry News

Alpha Warranty Release Limited Lifetime Warranty and New Wrap Protection

Alpha Warranty announced the release of its DriveEasy Limited Lifetime Powertrain Warranty and its DriveEasy Wrap Protection vehicle service contract. The later provides up to five years and 100,000 miles of additional coverage, and is designed to complement the limited lifetime powertrain warranty,

Tags: Alpha Warranty Corp., vehicle service contract, warranty

July 8, 2015 - Industry News

Edmunds Opens Registration for Used+ Program

Edmunds.com has opened registration for its Used+ used-car sales program, which offers shoppers a vehicle-protection plan and a $200 gas card. Asked if the program might lead Edmunds into F&I product sales, a spokesperson said '... It is an option we would be open to exploring.'

Tags: Edmunds.com, incentives, used car sales, warranty

March 24, 2015 - Industry News

BMW Settles FTC Charges

BMW of North America has agreed to settle FTC charges that its MINI Division violated the Magnuson-Moss Warranty Act by telling consumers that BMW would void their warranty unless they used MINI parts and MINI dealers to perform maintenance and repair work.

Tags: BMW, compliance, Federal Trade Commission, MINI, Settlement, warranty

March 12, 2015 - Industry News

GM Announces Modifications to Powertrain Warranty, Maintenance Program

General Motors told its dealers on Wednesday that it is cutting service visits on its free maintenance program and is rolling back coverage terms on its Chevrolet and GMC powertrain warranty.

Tags: General Motors, IAS, Powertrain Coverage, warranty

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

February 28, 2013 - Industry News

CNA Returns More Than $30 Million to Dealers in 2012

Through its various dealer participation plans, CNA returned more than $30 million to dealers last year. Since its founding, the company has returned more than $261 million to dealers.

Tags: Alan Miller, Auto Dealer Monthly, CNA National, dealer, Dealers' Choice Awards, warranty

March 6, 2012 - Industry News

Chrysler Group Launches Diversified CPO Program

Chrysler Group announced the launch of Diversified Certified, a program that enables Chrysler Group dealers to certify and sell competitive-make, pre-owned vehicles backed with a Chrysler Group warranty.

Tags: certified pre-owned vehicles, Chrysler, pre-owned customers, warranty

July 27, 2011 - Industry News

IAS Co-Founder Launches Aftermarket Company

Founded by IAS co-founder Garret Lacour, RoadVantage offers dealerships traditional aftermarket programs with 90 days of free consumer warranty offerings.

Tags: aftermarket income, Aftermarket Products, IAS, RoadVantage, warranty

October 5, 2010 - Industry News

American Guardian Goes Green

American Guardian Warranty Services Inc. is going green, announcing that its “Compass Protection Plan” agreements and brochures will be printed with and on environmentally friendly material.

Tags: warranty

August 27, 2010 - Industry News

Resource Automotive Launches Online Warranty Claims Program

Resource Automotive Inc., a training, consulting and financial services provider and a unit of The Warranty Group Inc., has launched TWGConnect, an online warranty claims system for its vehicle service contract, GAP, pre-paid maintenance and tire-and-wheel programs.

Tags: GAP, Resource Automotive, Service Contracts, Tire and Wheel, Vehicle Maintenance, warranty

March 29, 2010 - Industry News

Autosave Adds More Funding and Warranty Coverage

Autosave Warranty has entered into a proprietary lending agreement with a new lender portal, which offers financing in all 48 states for customers with A to D credit. It also offers used-car leasing programs. Credit unions are available as well in many states.

Tags: retail financing, warranty

March 5, 2010 - Industry News

Warrantech Recognizes Vehicles With Fewest Repairs in 2009

Warrantech Corporation, an independent provider of service contracts and aftermarket warranties for the automotive industry, named the top three Asian, domestic and European vehicles in its 2009 performance reliability study.

Tags: Service Contracts, warranty

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