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.
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.
Strengthening their longstanding commitment to the credit union community, Interstate National announced that Allied Solutions has renewed their strategic partnership for another five years.
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.
Fortegra announces the appointment of Jon Mikow as Vice President of Wireless.
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.
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.
Great resource for researching service contract, motor club and other extended warranty statutes by state.
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.