Category Archives: Automotive

The DOWC: Just the Facts

Though in the marketplace for more than 40 years, the DOWC is not widely well understood, often leading to misrepresentation and inaccurate information about the structural, financial, and tax attributes of this entity type.

Full Article: https://www.autodealertodaymagazine.com/364379/dowc-just-the-facts

Author: Michelle Bertolini

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Scot Eisenfelder Takes Helm as CEO of APCO Holdings, LLC

NORCROSS, GA. March 22, 2021  APCO Holdings, LLC, a leading provider and administrator of automotive F&I products and home to the EasyCare, GWC Warranty and MemberCare brands, announced today that Scot Eisenfelder has been named CEO, effective May 1st, 2021. Eisenfelder joined APCO as Senior Vice President, Strategy and Planning in August 2020.

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HomeServe and CenterPoint Energy Launch New Coverage for Electric Vehicle Home Charging Protection Plan

HomeServe and CenterPoint Energy have partnered to launch an industry first product now available to CenterPoint’s Texas customers. Building on current repair service plan from HomeServe that covers problems with CenterPoint customers’ interior electric wiring, the new offering will allow residential customers with Electric Vehicles (EV) to add enhancement coverage for their home EV charging systems.

Full Release: https://www.businesswire.com/news/home/20210324005077/en/HomeServe-and-CenterPoint-Energy-Launch-New-Coverage-for-Electric-Vehicle-Home-Charging-Protection-Plan

MemberCare Launches Edge, Giving Credit Unions the Chance to Offer Even More Peace of Mind

NORCROSS, Ga. — February 23, 2021 — MemberCare, a leading provider of mechanical breakdown coverage designed exclusively for credit unions, announces the launch of Edge, a bundled suite of automotive protection products created to provide additional peace of mind for credit union members.

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JM&A Group’s New Inspect Now™ Program Aims to Streamline Claims Process and Improve Efficiency

Inspect Now™ is an innovative new virtual inspection process designed by JM&A Group to make the adjudication of claims more efficient and less time consuming. 

Read Full Release: https://www.globenewswire.com/news-release/2021/02/16/2176489/0/en/JM-A-Group-s-New-Inspect-Now-Program-Aims-to-Streamline-Claims-Process-and-Improve-Efficiency.html

AM Best Affirms Credit Ratings of Fortegra Europe Insurance Company Limited

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Fortegra Europe Insurance Company Limited (FEI) (Malta). The outlook of these Credit Ratings (ratings) is stable.

Full Release: https://www.businesswire.com/news/home/20210204005763/en/AM-Best-Affirms-Credit-Ratings-of-Fortegra-Europe-Insurance-Company-Limited

PCMI Announces Investment from Equality Asset Management to Accelerate Growth

Investment will Support Product Expansion and Client Acquisition

January 19, 2021 – Park Ridge, IL – PCMI (Policy Claims Management International), a leading provider of administration software for the automotive, consumer and industrial warranty and service management markets announced its first equity investment from Boston-based growth equity firm, Equality Asset Management, and Chicago-based, First Analysis. Financial terms were not disclosed.

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Report: Value consumers get for GAP coverage continues to rise

A report compiled by AmTrust Financial Services showed how much value consumers are getting from F&I products, especially guaranteed asset protection (GAP) coverage as well as owners who operate their vehicles where weather and road conditions are poor.

Full Article and Report: https://www.autoremarketing.com/subprime/report-value-consumers-get-gap-coverage-continues-rise

ServicePower Expands Partnership with Amynta Group

Leading warranty provider expands field service management capabilities to include customer engagement portal.

McLean, VA, Dec. 8, 2020 – ServicePower, a leading field service management software company focused on transforming service experiences, today announced that the warranty division of the Amynta Group, a leading insurance services provider of property & casualty and warranty protection products and services, has expanded its partnership to include ServicePower’s customer engagement solution.

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AUL enhances VSC policies for electric and hybrid vehicles

AUL Corp. announces the rollout of new enhanced options to the F&I provider’s core vehicle service contract policies for pre-owned units.

Full Article: https://www.autoremarketing.com/subprime/aul-enhances-vsc-policies-electric-and-hybrid-vehicles