Category Archives: Automotive

Vehicle Service & Warranty Lifecycle Summit Series Brings Together Leaders in Aftersales, Aftercare Services & Warranty on October 22-24  

MAPconnected is a great network to keep the pulse on the Automotive Warranty world. The collaboration among its members is of incredible value to General Motors, and ultimately benefits our customers, by delivering high-quality products and exceptional warranty aftercare services

— Jose Clemente, Warranty Performance Manager – General Motors 

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FTC Lawsuit Claims Deceptive Sales Practices and Discrimination at David McDavid Honda of Irving

David McDavid Honda of Irving, a dealership under the umbrella of Asbury Automotive Group, is at the center of a Federal Trade Commission (FTC) lawsuit alleging deceptive sales practices and discrimination.

Full Article: https://www.irvingweekly.com/s/8535/FTC-Lawsuit-Claims-Deceptive-Sales-Practices-and-Discrimination-at-David-McDavid-Honda-of-Irving.php

Florida CFO Jimmy Patronis announces investigation into CarShield for deceptive sales practices

Jimmy Patronis announced an investigation by the Florida Department of Financial Services’ Division of Agent and Agency Services into nationwide vehicle service contract company CarShield for deceptive sales practices in Florida.

Full Article: https://www.mysuncoast.com/2024/08/21/cfo-jimmy-patronis-announces-investigation-into-carshield-deceptive-sales-practices/

New Hampshire Insurance Department Announces Passage of SB515: Enhanced Consumer Guarantee Contracts

The New Hampshire Insurance Department announced the passage and signing into law of SB515, legislation designed to enhance consumer protection through revised requirements for consumer guarantee contracts.

Full Release: https://www.insurance.nh.gov/news-and-media/new-hampshire-insurance-department-announces-passage-sb515-enhanced-consumer

Meramec Secure Launches Expanded Website Related to Use of a CLIP (Contractual Liability Insurance Policy)

Service Contracts, Limited Warranty, and Specialty Insurance and Service Programs

The site includes example uses for Service Contracts, Limited Warranties, Specialty Programs, and Service Programs, as well as example CLIP structures, profit participation options, and an example rate builder.

A CLIP is a great way to address regulatory and compliance requirements for Service Contracts. OEMs also use CLIPs to transfer risk off their balance sheets for their limited warranty programs. In addition, CLIPs are often an effective method to support service-oriented programs, including certain travel, event, and waiver programs.

View the site at https://contractualliabilityinsurance.com

ContractualLiabilityInsurance.com is a property of © Meramec Secure, Inc.

PCMI – New Home Warranty Feature: Flexible Installment Plans to Enhance Sales, Satisfaction, and Retention 

Transform your customer experience with our PCRS administration software’s customizable payment schedules. Offer home warranty plans with a variety of convenient options that reduce upfront costs and attract more buyers. Expand your product offering and meet the needs of all customers, regardless of their financial situation.

Read the entire article: New Home Warranty Feature: Flexible Installment Plans (pcmicorp.com)

The 15th Annual Extended Warranty & Service Contract Innovations

September 23-25, 2024, Palmer House Hilton, Chicago, Illinois.

This year’s event takes a deep-dive into new frontiers in extended warranty and service contract innovations!

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Sustainable Growth Strategies for Consumer Extended Warranty Markets – PCMI Whitepaper

This comprehensive whitepaper covers success-driven strategies for keeping your consumer extended warranty business thriving. It includes timely and effective techniques for keeping up with continuous growth, and how your business can keep its competitive edge for years to come.

  • Explore key trends and challenges of the evolving landscape
  • Discover transformative approaches to future-proof warranty management
  • Learn about innovative tools that are reshaping the industry

Download Link: https://www.pcmicorp.com/whitepaper-sustainable-growth-strategies-for-consumer-extended-warranty-markets-form/