Warrantech Announces Results of Insurance Provider Negotiations
BEDFORD, Texas -- The Warrantech Corp., an independent provider of service contracts and after-market warranties, announced that it has extended the term of its insurance relationship with Great American Insurance Co. beyond what was previously disclosed in its Form 10-Q, dated Nov. 14, 2005.
BEDFORD, Texas -- The Warrantech Corp., an independent provider of service contracts and after-market warranties, announced that it has extended the term of its insurance relationship with Great American Insurance Co. beyond what was previously disclosed in its Form 10-Q, dated Nov. 14, 2005.
The extension provides Warrantech with the opportunity to continue negotiations for the previously announced restructuring of its insurance programs.
In related news, Warrantech also announced that it has successfully finalized negotiations with A-rated insurance carriers Western Insurance Co. and American Resource International Co. to underwrite some of its niche lines of business.
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