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APCO Offers Credit Union-Targeted F&I Benefits With MemberCare Launch

APCO Holdings, LLC launches MemberCare, a new venture dedicated to offering vehicle service contracts and other F&I products through credit unions.

APCO Holdings, LLC announced the successful launch of MemberCare, a new brand of vehicle protection products that will be sold through credit unions. MemberCare offers credit unions the ability to provide additional value to their members by helping them protect their new and used-vehicle purchases with a vehicle service contract, among other vehicle protection benefits, through a hyper-focused and member-centric offering. 

Full Release: https://www.globenewswire.com/news-release/2020/06/03/2043014/0/en/APCO-Offers-Credit-Union-Targeted-F-I-Benefits-With-MemberCare-Launch.html

NAE/NWAN ANNOUNCES NEW PARTNERSHIP WITH XZILON

FOR IMMEDIATE RELEASE

Cleveland, Ohio, June 3, 2020 – National Automotive Experts and NWAN (NAE/NWAN) is pleased to announce their partnership with Xzilon.

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Portfolio: Antimicrobials Propelled F&I in March and April

FOR IMMEDIATE RELEASE

New data from Portfolio shows sales of antimicrobial treatments as a percentage of F&I product sales increased as more Americans sought protection from communicable diseases.

LAKE FOREST, Calif. — Antimicrobial treatments gained ground as a percentage of all F&I product sales in March and April, reflecting renewed interest in eliminating and protecting against disease-causing pathogens among dealers, agents and consumers, according to internal data from Portfolio, a national provider and administrator of F&I products and dealer participation programs.

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AUL Corp. Launches New VSC Covering Complex Automotive Technology Systems

AUL Corp. launches a new vehicle service contract product covering complex technology systems found in today’s vehicles.

Full Article: https://aulcorp.com/news/posts/2020/may/aul-corp-launches-new-vsc-covering-complex-automotive-technology-systems/

Clyde raises $14 million Series A to help e-commerce businesses offer extended warranty plans

Clyde, an extended warranty startup helping small e-commerce businesses offer service contracts, announces it has raised a $14 million Series A led by Spark Capital with participation from Crosslink, RRE, Rea Sea Ventures and others. 

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Assurant Acquires American Financial & Automotive Services

  • Acquisition Further Solidifies Assurant’s Position as a Leading Provider in the Global Automotive Market with over 48 Million Covered Vehicles Globally

Full Release: https://www.businesswire.com/news/home/20200505005962/en/Assurant-Acquires-American-Financial-Automotive-Services


Assurant Reports First Quarter 2020 Financial Results

  • Year-over-Year Earnings Growth Driven by Global Lifestyle and Improved Global Housing Results
  • Announces information on AFAS Acquisition

Full Earnings Release: https://www.businesswire.com/news/home/20200505005929/en/Assurant-Reports-Quarter-2020-Financial-Results

Personal Safeguards Group (PSG) Supports Creation of a New Consumer Products Service Contract Provider

PSG provided support in every step of forming and operating a new service contract provider in North America. PSG leverages deep contacts in the warranty industry to help facilitate the entry into the space.

PSG’s roadmap includes support with:

  • State level service contract requirements
  • Financial guarantee options (CLIP/SCRIP)
  • Sales and claims administration processes
  • Creation of rates and reserves
  • Creation of forms and coverages
  • Selecting administration technology
  • Repair infrastructure options

The PSG process is designed to support Independent Providers, Original Equipment Manufacturers (OEM) and Retailers. OEMs and Retailers can in-source or outsource individual elements of their program for their Service Contract Program allowing individual structures to address revenue recognition issues, customer experience & lifetime value and overall program design and development.

Process Flow to Form Warranty Company

Contact Personal Safeguards Group for more information. https://personalsafeguardsgroup.com

HomeServe Launches Telefix, A Remote Home Repair Assistance Service

Homeowners sheltering in Place to Receive Free Repair Consultations during COVID-19 Crisis

HomeServe USA (HomeServe), a leading provider of home repair solutions, launched Telefix, a new remote home repair assistance option. The new service, which is in early release, allows qualified technicians to remotely examine, diagnose, and even offer repair guidance to help homeowners solve common home repairs without stepping foot into the home. Through Telefix, users can save some money during these challenging times with free remote DIY guidance from experts in the plumbing, electrical and HVAC trades. If a repair cannot be made remotely, users will have the option of on-site repairs by licensed technicians.

Full Release: https://www.businesswire.com/news/home/20200428005853/en/

Portfolio Launches New Claims Website

Portfolio’s new GAP and ancillary claims website was designed to streamline the submission and adjudication process.

LAKE FOREST, Calif. — Portfolio announced the launch of a new website for GAP and ancillary claims. The new site features a fully redesigned interface intended to offer easy navigation and a better overall user experience.

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PCMI Integrates with C&K Auto Parts to Implement a One-Stop Solution for Parts Ordering to Reduce Claim Expenses

Integration of C&K Auto Parts and PCMI will empower TPAs by giving them a streamlined and efficient process to research pricing, create and document quotes, and order parts all in one place.

Full Release: http://www.prweb.com/releases/pcmi_integrates_with_c_k_auto_parts_to_implement_a_one_stop_solution_for_parts_ordering_to_reduce_claim_expenses/prweb17077617.htm