Category Archives: Automotive

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/

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

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

F&I PROVIDERS RELIEF FUND ANNOUNCES BOARD MEMBERS, $1 MILLION FUNDRAISING GOAL

FOR IMMEDIATE RELEASE

(Florida, April 2020–) The upstart charity F&I Providers Relief Fund for F&I Managers has announced its 7-member board of directors and a $1 million fundraising goal to help professionals in the F&I industry facing hard times.

Founded only two weeks ago by National Auto Care CEO Tony Wanderon, the F&I Providers Relief Fund (F&IPRF) has brought nearly 20 F&I providers together and has now raised close to $300,000 to provide financial grants exclusively to F&I managers who are dealing with financial hardships due to COVID-19.

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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/

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/