State regulators have ordered an auto warranty company to cease and desist from doing business in California.
Full Article: https://abc7news.com/infinite-auto-protection-warranty-complaints-car-repairs-7-on-your-side/11339189/
Category Archives: Regulatory
Amazon Home Warranty settles with Arizona AG
Attorney General Mark Brnovich announced a consent judgment in which Amazon Home Warranty will pay $105,000 in customer restitution, as well as $35,000 in civil penalties and $10,000 in attorneys’ fees as well as paying $15,000 to disburse the restitution.
Full Article: https://www.bizjournals.com/phoenix/news/2021/11/29/home-warranty-company-settles-with-ag-fraud.html
Extended Warranty & Service Contract Innovations
Strategies for Designing, Marketing & Operating Winning Service Contract & Extended Warranty Programs
October 18-19, 2021 Renaissance Nashville Hotel, Nashville, Tennessee
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CA Department of Insurance orders consumer refunds from illegal sales of extended vehicle warranties
A Department of Insurance investigation that found a company was illegally selling vehicle service contracts, or “extended warranties,” has led to an order requiring it to refund consumers and dissolve its operations.
Full Release: http://www.insurance.ca.gov/0400-news/0100-press-releases/2021/release059-2021.cfm
Enduring Changes in the Post-Pandemic Warranty Industry
Key observations from an AmTrust roundtable discussion with service contract industry leaders Aleem Lakhani, Michael Frosch, Kenneth Mac, and Sreevathsa Prabhakar.
Full Article: www.warrantyweek.com/archive/ww20210603.html
Settlement Checks Issued To Arizona Landmark Home Warranty Customers
More than 26,000 Arizonans will receive checks from a settlement between the state and Landmark Home Warranty.
Full Article: https://kjzz.org/content/1688062/settlement-checks-issued-arizona-landmark-home-warranty-customers
Department issues Cease and Desist Order to protect California consumers from unlicensed home warranty company
The California Department of Insurance issued a Cease and Desist Order effective immediately for New Jersey-based company, Forever Home Service LLC, doing business as Harmony Home Warranty (Harmony).
Source: http://www.insurance.ca.gov/0400-news/0100-press-releases/2021/release053-2021.cfm
Unlicensed ‘Vehicle Service Contract’ Business Ordered to Cease and Desist
California Department of Insurance Investigates VSC Company
The Insurance Commissioner’s office is still investigating, but so far 1,044 Californians were found to have paid a total of $2.3 million in extended vehicle repair contracts that were sold outside the state’s insurance rules. Seven people in Santa Barbara County were on Commissioner Ricardo Lara’s list as having bought the policies, which ranged in price from $1,300 to $2,600.
Full Article: https://www.independent.com/2020/10/12/unlicensed-vehicle-service-contract-business-ordered-to-cease-and-desist/
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Ninth Circuit Curtails Consumers’ Class Claims Under the Magnuson-Moss Warranty Act
The United States Court of Appeals for the Ninth Circuit held that the Class Action Fairness Act of 2005 (CAFA) “may not be used to evade the specific numerosity requirement” of the Magnuson-Moss Warranty Act” (MMWA).
Read the full article: https://www.jdsupra.com/legalnews/ninth-circuit-curtails-consumers-class-13010/