Protective Acquires the Prizm Group’s Service Contract Business
Protective Life Insurance Company acquired the service contract business of the Denver-based Prizm Group Inc.
BIRMINGHAM, Ala. — Protective Life Insurance Company acquired the service contract business of the Denver-based Prizm Group Inc.
Protective’s Asset Protection Division underwrites, administers and markets products to automobile, marine, recreational vehicle and powersports dealers, including extended service contracts, GAP coverage, and credit insurance.
Prizm’s automobile and recreation vehicle service contract business served 3,000 dealerships nationwide. Protective’s subsidiary, Lyndon Property Insurance Company, has underwritten the service contract business of Prizm and its predecessor companies for approximately ten years.
“We saw Prizm as a good company that has established a quality block of business over many years,” said Brent Griggs, president of Protective’s Asset Protection Division. “Their long and successful experience administering extended service contracts tells us they are a first class organization. We very much look forward to servicing and supporting Prizm’s agents and dealers.”
More F&I
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →