Dealers that opt into reinsuring their GAP product, if market conditions remain consistent with used-car values staying high, stand to make underwriting profits.
Industry veteran Max Zanan shares his thoughts on reinsurance, F&I risks and trends.
Jeremy Lux succeeds Brent Griggs, who's now chairman of the company’s board of directors.
Dealers need to protect themselves by understanding their statements, what they are paying out, and the services they are receiving.
Inflated vehicle prices, parts and labor costs can affect reinsurance and loss ratios. The time is now for dealers to ask questions about their reinsurance.
Reinsurance specialist selected as association’s newest national corporate partner.
A consistent Dealers’ Choice Awards winner since 2013, this marks the first time iA American has received the top awards for F&I Product Marketing and Data Mining, and for five years strong and counting, the Gold Award for Service Contract Reinsurance.
Dealers ranked Portfolio No. 1 for Service Contract Reinsurance and No. 2 for Appearance Protection Products (Chemical) in the 2021 Dealers’ Choice Awards.
Though in the marketplace for more than 40 years, the DOWC is not widely well understood, often leading to misrepresentation and inaccurate information about the structural, financial, and tax attributes of this entity type.
Returns reach more than $50 million for 2020.
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