Author Archives: Editor

Portfolio to Acquire National Automotive Experts/NWAN

Portfolio Holding Inc. today announced it has agreed to acquire National Automotive Experts/NWAN, a Strongsville, Ohio-based F&I products provider and administrator.

Full Article: https://www.naenwan.com/2020/03/09/portfolio-acquire-nae-nwan/

NY Fines Insurer $4M For Inadequate Consumer Disclosures

The New York Department of Financial Services fined Asurion Insurance Services and Asurion Protection Services $4 million for providing inadequate consumer disclosures for insurance offerings.

Full Article: https://insurancenewsnet.com/innarticle/ny-fines-insurer-4m-for-inadequate-consumer-disclosures#.XlgCmpNKhTY

Pennsylvania AG Shapiro Suing Delta Auto Protect to Get Money Back for Consumers in Repair Scam

Attorney General Josh Shapiro announced that his Office has filed a civil lawsuit against extended automobile warranty company Delta Auto Protect to get money back for consumers and repair shops…

Full Article https://www.attorneygeneral.gov/taking-action/press-releases/ag-shapiro-suing-delta-auto-protect-to-get-money-back-for-consumers-in-repair-scam/

National Advertising Division Recommends Choice Home Warranty Modify, Discontinue Certain Claims for its Home Warranty Service Plans; Advertiser to Appeal

The National Advertising Division (NAD) has recommended that Choice Home Warranty modify or discontinue certain claims regarding its home warranty service plans. 

Full Article: https://finance.yahoo.com/news/national-advertising-division-recommends-choice-165100409.html

Popular home warranty company now has over 5,000 complaints

Consumers claim Choice Home failed to cover breakdowns

Article: https://www.wcpo.com/money/consumer/dont-waste-your-money/popular-home-warranty-company-now-has-over-5-000-complaints

Personal Safeguards Group Releases 2020 Service Contract Industry Projections

For 2020 Personal Safeguards Group projects over $61b at retail for consumer related service contracts.

Automotive continues to lead the industry in terms of gross revenue with 2020 projected at over $33b for Vehicle Service Contracts and over $6.4b for Ancillary products.

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Scott Morrison, one of the founders of After, Inc., returns to the company after the sale to EPIC Holdings

After, Inc., the global leader in Warranty Marketing and Analytics Solutions since 2005, has just announced the return of Scott Morrison, an original founder, to lead new business development and strategic innovation for the company.

Release: https://finance.yahoo.com/news/scott-morrison-one-founders-inc-120000807.html

Frontdoor Acquires Streem, a Leader in Advanced Technology to Transform the Service Experience

Move Accelerates Frontdoor’s Journey to Connect Customers and Home Services Professionals, Expand Revenue Opportunities and Improve Productivity

Release: https://www.businesswire.com/news/home/20191205005459/en/Frontdoor-Acquires-Streem-Leader-Advanced-Technology-Transform

Tiptree Financial (TIPT) to acquire Smart AutoCare

Tiptree Inc. (NASDAQ: TIPT) and Peter Masi announced that Tiptree Insurance has agreed to acquire Smart AutoCare, a rapidly growing vehicle warranty solutions provider led by its founder and CEO, Peter Masi…

Full Article: https://www.streetinsider.com/Corporate+News/Tiptree+Financial+%28TIPT%29+to+acquire+Smart+AutoCare/16251086.html