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Using a Contractual Liability Insurance Policy (CLIP) for Limited Warranties or Service Guarantees

Businesses offering Limited Warranties or Service Guarantees frequently encounter the question, “What backs this warranty or guarantee?”

This question is critical to clients seeking peace of mind that something supports the warranty or guarantee beyond the company’s promise. In some cases, clients will not do business with a company that doesn’t have adequate backing for its promise or guarantee.

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Maine’s Implied Warranty Law should not fly below radar

Most consumer goods bought in Maine have an implied warranty of four years. Retailers and service contract providers need to take note of whether they are selling programs on products that this law already covers.

Full Article: https://www.pressherald.com/2024/12/22/letter-be-aware-of-maines-implied-warranty-law/

PCMI Launches Loyalty Program Management in PCRS, Driving Service Drive Revenue and Customer Retention

New functionality simplifies the administration of loyalty-backed warranties with a comprehensive, end-to-end solution

Full Release: https://www.pcmicorp.com/2024/12/pcmi-launches-loyalty-program-management-in-pcrs-driving-service-drive-revenue-and-customer-retention/

Starr joins Octaviant Financial and Marsh as lead carrier on drug warranty platform

Octaviant Financial has announced that Starr Insurance will join its partnership with Marsh to offer drug warranty services that enable pharmaceutical companies to guarantee the effectiveness of high-cost therapies.

Full Article: https://www.reinsurancene.ws/starr-joins-octaviant-financial-and-marsh-as-lead-carrier-on-drug-warranty-platform/

VIU by HUB partners with Asurion

VIU by HUB has partnered with Asurion to offer protection plans for home technology and major appliances

Full Article: https://coverager.com/viu-by-hub-partners-with-asurion/

The Third Annual Warranty & Service Contract Innovations for Vehicle, Home, Smart Products & Consumer Goods

Join us for a deep dive into all key ingredients for creating winning warranty & service contracts at The Third Annual Warranty & Service Contract Innovations for Vehicle, Home, Smart Products & Consumer Goods, scheduled for March 26-27, 2025, at the Crowne Plaza® New Orleans French Quarter – Astor, New Orleans, Louisiana. We’re delighted today to give share agenda highlights with you!

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