SCOTTSDALE, Ariz.— CNA National Warranty Corp. (CNAN) returned more than $40 million to automobile dealers across the U.S. through its various participation plans for 2016, bringing its inception-to-date total to more than $424 million, the company announced.
“Over the past five years, we’ve seen a significant increase in returns,” said CNAN President and CEO Joe Becker. “This performance demonstrates the strength, stability and flexibility of these programs. They deliver the dependability our dealers expect and deserve regardless of the participation option selected.”
The company offers a range of participation programs and reinsures warranties, GAP and tire-and-wheel protection, in addition to vehicle service contracts. The company has earned multiple awards as “Best Reinsurance Provider” in the Dealers’ Choice Awards, including first-place honors in 2011, 2012 and 2013.