Author Archives: Editor

2-10 Home Buyers Warranty Introduces Next-Generation Home Warranty Service Agreement

2-10 Home Buyers Warranty (2-10 HBW), the industry-leading provider of structural warranties for new construction homes and systems and appliances protection for pre-existing homes, announced today the release of their all-new Home Warranty Service Agreement.

Full release:  http://www.prweb.com/releases/2017/10/prweb14808849.htm#!

Five Major Trends Surfacing in the U.S. Consumer Service Contract Industry

Warranty Week estimates the U.S. service contract industry generated $40 billion in revenue in 2016 with $17 billion from vehicle service contracts and $23 billion from all other products and devices. Personal Safeguards Group estimates U.S. consumers spent approximately $33.4 billion on new and used vehicle service contracts (at retail prices) in 2016.  The numbers are hard to pin down, in part, because of the different ways contracts are classified and revenues reported. Sellers report revenue from retail sales whereas administrators report revenue from wholesale sales, and insurers report gross written premium. Warranty Week attributes slightly more than half the total volume to ten major players and the balance spread among 140 administrators and 33 admitted insurance companies. Any way you measure it, it’s a big industry, and getting bigger.

Continue reading

Allied Solutions and Interstate National Announce 5 Year Partnership Renewal

Strengthening their longstanding commitment to the credit union community, Interstate National announced that Allied Solutions has renewed their strategic partnership for another five years.

Release:  http://markets.businessinsider.com/news/stocks/Allied-Solutions-and-Interstate-National-Announce-5-Year-Partnership-Renewal-1001739855

Starr Companies Appoints Matthew Taylor as Vice President of Extended Warranty

Starr Companies today announced the appointment of Matthew Taylor as vice president of extended warranty. He will focus on expanding Starr’s presence in consumer warranty products.

Full Release:  http://www.businesswire.com/news/home/20170925005140/en/Starr-Companies-Appoints-Matthew-Taylor-Vice-President

Volkswagen Extends Powertrain Warranty to Six Years/72,000 Miles

For the 2018 model year, most new Volkswagen vehicles in the US will come with a six-year, 72,000-mile bumper-to-bumper limited warranty – which doubles the current warranty.

Source:  http://www.fi-magazine.com/news/story/2017/09/volkswagen-extends-warranty-to-six-years-72-000-miles.aspx

SouthwestRe, DAC Sold to Canada’s Largest Publicly Traded Company

One of the largest life and health insurance companies in Canada has signed an agreement to acquire shares of third-party administrator SouthwestRe and its insurance arm, Dealers Assurance Co. (DAC), for $135 million.

Source: SouthwestRe, DAC Sold to Canada’s Largest Publicly Trade Company

NAIC Compendium of State Laws Related to: Service Contracts, Motor Clubs, Other Extended Warranties

Great resource for researching service contract, motor club and other extended warranty statutes by state.

NAIC Compendium of State Laws Related to: Service Contracts, Motor Clubs, Other Extended Warranties

North Huntingdon Township Municipal Authority Selects HomeServe USA to Offer Optional Exterior Sewer Line Service Plans to Customers

HomeServe USA, a leading provider of home emergency repair solutions, announces the launch of its partnership with North Huntingdon Township Municipal Authority (NHTMA) to offer area homeowners optional repair service plans for the sewer line connecting their homes to the NHTMA system.

Full Release:  http://www.businesswire.com/news/home/20170906005440/en/North-Huntingdon-Township-Municipal-Authority-Selects-HomeServe