Brown & Brown, Inc. and Tire Shield, Inc. announce that Brown & Brown Dealer Services has acquired the assets of Tire Shield. The acquisition expands Brown & Brown’s administrative services for dealers and agents, providing tire and wheel road hazard products and GAP waiver products for the RV, Automotive, and Powersports industries
Full Release: https://www.globenewswire.com/news-release/2025/08/12/3132206/0/en/Brown-Brown-Inc-acquires-the-assets-of-Tire-Shield.html
The landscape for Vehicle Value Protection Agreements (VVPAs) in the United States is rapidly maturing, with a growing number of states enacting statutes that explicitly authorize the sale of these innovative financial protection products.
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A new law was signed earlier this year to take effect July 1, 2025, in Virginia, providing protections to ensure fair reimbursement for Virginia’s automotive technicians and dealerships performing warranty and recall repairs.
Dealer protections include:
Full article: https://vada.com/blog/2025/03/25/new-warranty-and-recall-protections-for-dealers-signed-into-law/
Maryland House Bill 1046, signed into law on April 22, 2025, and effective October 1, 2025, protects consumers by prohibiting certain practices, including:
This law significantly protects consumers by preventing certain coverage exclusions in vehicle service contracts.
Full Text: https://mgaleg.maryland.gov/2025RS/fnotes/bil_0006/hb1046.pdf
Virtual event brings together OEMs and industry leaders to benchmark best practices and explore current and future technology strategies.
Detroit, MI — MAPconnected, the leading peer network for service and warranty professionals, announced its upcoming virtual roundtable:
“Improving Warranty Coverage Accuracy: Events That Determine Warrantability”, scheduled for August 14, 2025.
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Arizona’s Department of Insurance and Financial Institutions recently issued a Bulletin to address unpermitted entities that appear to be engaging in conduct that may require a permit issued by the Department under Arizona law. This Bulletin is intended to guide insurers on complying with Arizona Service Contract regulations.
The Department emphasizes that entities offering service contracts must obtain a service company permit.
The Department has observed a number of insurance contracts that include coverages for individual consumer products that meet the definition of a service contract under Arizona law. See A.R.S. § 20-1095(7). The coverages are being provided by insurers that have not obtained the required permit to offer service contracts. See A.R.S. § 20-1095.01.
Full Bulletin: https://difi.az.gov/sites/default/files/RegulatoryBulletin2025-03_ServiceContracts.pdf
Effective July 27, 2025, Washington State will allow service contract providers to use multiple reimbursement insurance policies (CLIP) as forms of indemnity.
Service contractor providers may now use more than one reimbursement insurance policy (CLIP) as a form of indemnity. A service contract must be insured by only one CLIP. You can’t insure the same service contract on more than one CLIP; however, you can use multiple CLIPs to cover the same category of service contract.
Meramec Secure, Inc. announces the launch of a new client program focused on the recruiting industry, integrating contractual liability insurance policies (CLIP) into recruitment solutions. This enables recruiting firms to offer strong, money-back retention guarantees for new employee placements. The initiative represents a major step forward in talent acquisition assurance, providing clients with meaningful financial protection and enhancing trust in recruitment service providers.
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SellMore Protection, a forward-thinking leader in F&I tech, is excited to announce the
official launch of its next-generation F&I product platform – a modern, dealer-first solution designed to drive more revenue, streamline operations, and enhance the customer experience.
Built from scratch with real-world challenges in mind, the platform gives dealerships and TPAs the edge they need to grow faster and sell smarter. Whether your goal is to increase penetration, improve PVR, or simply close more post-sale opportunities, SellMore delivers the tools to make it happen.
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Why you need to read the fine print before purchasing a warranty plan!
Full Article: https://www.wcpo.com/money/consumer/dont-waste-your-money/home-warranties-peace-of-mind-or-waste-of-money