Why buy a Service Contract? Because Two-thirds of US would struggle to cover $1,000 crisis

Source:  http://bigstory.ap.org/article/965e48ed609245539ed315f83e01b6a2#

Tech-only service contracts emerge as one option for naysayers

AutoTech Protect covers items such as GPS, touch screens, radios, rear and forward cameras and sensors in a vehicle.

Source:  http://www.autonews.com/article/20160518/FINANCE_AND_INSURANCE/305189995/

Wise F&I integrates with MenuSys, offering automotive dealers a streamlined online solution.

Source:  http://www.theintelligencer.com/article_41fa882d-ed88-58d4-8222-8bb015eb5ef5.html

Safe-Guard Appoints Finance & Insurance Leader Scott Ashby as GM of Canada

ATLANTA, May 16, 2016 /CNW/ — Safe-Guard Products International announced that Scott Ashby has joined the company as General Manager of Safe-Guard Canada, Ltd.

“I am pleased to welcome Scott to the Safe-Guard team as General Manager of Canada,” said David Pryor, CMO of Safe-Guard. “His role will be vital to servicing our Canadian clients and their dealers as well supporting the next stages of growth within our company.” Continue reading

AUL Corp. Successfully Completes SOC 2 Certification, Reaffirming Commitment to Security and Controls

AUL Corp. announced that it had completed the requirements for a Service Organization Control (SOC) 2 type II Audit.  Specifically targeting service firms and with a focus on security, availability, processing integrity, confidentiality and privacy, SOC 2 best meets the demands of the Vehicle Service Contract marketplace.

Full release:  http://www.prnewswire.com/news-releases/aul-corp-successfully-completes-soc-2-certification-reaffirming-commitment-to-security-and-controls-300269440.html

Customer alleges Nissan’s vehicle service contracts unlawful

Source: http://legalnewsline.com/stories/510704699-customer-alleges-nissan-s-vehicle-service-contracts-unlawful

Ohio Consumer Goods Service Contract Reimbursement Insurance Policy Requirement

This is a requirement in Ohio that can be missed by a service contract provider for consumer goods service contracts.  

Note item (B) related to the Reimbursement Insurance Policy requirement if a service contract on consumer goods covers power surges or accidental damage. (see below)

3905.423 Consumer goods contracts to be covered by reimbursement insurance. Continue reading