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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APCO Names David Vickers CFO

APCO Holdings, home of the EasyCare®, GWC Warranty, Covideo® and SAVY® brands, has named David Vickers as the company’s new chief financial officer.

Source:  https://globenewswire.com/news-release/2018/04/12/1469539/0/en/APCO-Names-David-Vickers-CFO.html

American Water pays $365M for home warranty company

American Water Works Co. Inc. has made a $365 million purchase, it announced recently, acquiring Pivotal Home Solutions from Southern Co.’s Southern Co. Gas subsidiary.

Source:  https://www.roi-nj.com/2018/04/12/industry/american-water-pays-365m-for-home-warranty-company/

Westlake Financial Partners with AUL

Westlake Financial Services announces a new partnership with AUL Corp. (AUL), the nation’s premier warranty and vehicle service contract administrator. Bringing nearly 30 years of experience, AUL will now provide back-end servicing in 19 states for Secure One®, Westlake’s vehicle protection program.

Release:  https://www.businesswire.com/news/home/20180313006291/en/Westlake-Financial-Partners-AUL

3 Service Contract Benefits that Boost Value for Customers

Article from Sean Murphy (Director, Product Development at Fortegra) listing three valuable service contract benefits.

Source:  http://blog.fortegra.com/3-service-contract-benefits-that-boost-value-for-customer