A.M. Best Downgrades AmTrust As Insurer Prepares to Go Private

A.M. Best has downgraded its financial strength and credit ratings for insurer members of the AmTrust Group, not long after AmTrust Financial Services Inc. (AFSI) shareholders approved a $2.95 billion deal that will make it a private entity.

Full Article:  https://www.insurancejournal.com/news/national/2018/07/05/494220.htm

Fortegra to Bring Handset Protection Support to Viaero Wireless

New coverage options will provide added security for Viaero’s Apple customers

Fortegra Financial Corporation (“Fortegra”), a leading international specialty insurance holding company and subsidiary of Tiptree Inc. (NASDAQ:TIPT) (“Tiptree”), announced its new relationship with Viaero Wireless to offer additional handset protection for Viaero’s Apple customers.

Full release:  http://blog.fortegra.com/fortegra-to-bring-handset-protection-support-to-viaero-wireless-

Fortegra Introduces Handset Protection Support for Cellular One

New coverage options will provide added security and an enhanced customer experience.

Fortegra Financial Corporation (“Fortegra”), a leading international specialty insurance holding company and subsidiary of Tiptree Inc. (NASDAQ:TIPT) (“Tiptree”), announced that the company will begin offering customers wireless handset coverage as protection provider for Cellular One.

Full Release:  http://blog.fortegra.com/fortegra-introduces-handset-protection-support-for-cellular-one

The ZERO Plan Announcing New 36 Month Terms

PRESS RELEASE

CONTACT:
Phil Rosenberg, COO
Universal Lenders LLC
(866) 954 1050 Ext 8007
prosenberg@universallenders.net

The ZERO Plan Announcing New 36 Month Terms

Oak Park- July/3/2018- Universal Lenders LLC, creators of the ZERO Plan and 2018 Dealers’ Choice award winner, is pleased to announce enhanced funding guidelines to allow customers to choose up to 36 monthly installments allowing for more affordable payments.

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New Regulations in Oklahoma for Service Warranties

Oklahoma SB 1142 amends various sections of the law related to definitions, audited financial statements, suspensions, annual filings and examinations of service warranty associations.  

“Motor vehicle ancillary service” includes “the repair of chips or cracks in or the replacement of motor vehicle windshields as a result of damage caused by road hazards,” according to the bill.

The bill has been signed by the governor and enacted into law, effective November 1.

Service Contract Related Windshield Bill Moves Forward in Louisiana

Louisiana HB 522, expands the term “service contract” to “include a contract or agreement for the repair of chips or cracks in or the replacement of motor vehicle windshields as a result of damage caused by road hazards.”

The bill was sent to the governor for executive approval on May 18.

Source:  https://www.glassbytes.com/2018/05/three-bills-related-to-auto-glass-making-movement-in-various-states/

Bermuda Insurers, Reinsurers Under Pressure to Remain Competitive

Bermuda-based insurers and reinsurers are making moves to hold their own after the U.S. effectively smacked down a big tax advantage they used to have.

Source: https://www.bna.com/bermuda-insurers-reinsurers-n57982092593/

Minnesota Changes to Vehicle Service Contract Statutes

Minnesota makes changes to its Statutes related to Vehicle Service Contracts and adds language for Ancillary Programs.

Source: https://www.revisor.mn.gov/bills/text.php?session=ls90&number=HF3418&session_number=0&session_year=2017&version=list

California Bill Would Impact Franchise Laws (including Warranty Reimbursements for Dealers)

The California legislature will begin reviewing a new franchise bill on Monday, April 23 – potentially impacting Dealer and Factory Competition, Spinoffs and Affiliates & Warranty Reimbursements.

Source:  http://www.autonews.com/article/20180423/RETAIL07/180429932/california-franchise-laws

Cross Country Home Services Names Adam Aharonoff to Leadership Team

New Vice President of Technology will lead efforts towards digitizing the business

FORT LAUDERDALE, FL (April 19, 2018) – Cross Country Home Services (CCHS), a leader in home protection, maintenance and management, announced today the newest addition to its leadership team, Adam Aharonoff, Vice President of Technology. Aharonoff will be a key leader in CCHS’ digital growth strategy and will leverage the company’s existing and forthcoming technology to develop next generation products that provide exceptional customer service experiences.

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