Category Archives: Automotive

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

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

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

Personal Safeguards Group Publishes Service Contract Industry Estimates – Over $53b

At retail the US Consumer Service Contract Industry is approximately $53.7b

Breakdown by Segment Chart:  http://warrantynews.com/wp-content/uploads/2018/03/Industry-Overview.png

Source:  Personal Safeguards Group, LLC