Category Archives: Automotive

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/

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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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

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iA Financial Group to Establish Leading Position in the U.S. Vehicle Warranty Market with the Acquisition of IAS

iA Financial Corporation Inc. (the “Company”), the holding company of iA Financial Group, announced today that it has entered an agreement to acquire the American company IAS Parent Holdings, Inc. and its subsidiaries (collectively “IAS”). The agreed purchase price is US$720 million.

Full Press Release: https://www.benzinga.com/pressreleases/19/12/n14933679/ia-financial-group-to-establish-leading-position-in-the-u-s-vehicle-warranty-market-with-the-acqui

AutoMax, a Framingham-based used car dealership agrees to pay $925K for ‘deceptive’ sales practices

“AutoMax and its owner purposely kept their customers in the dark about the condition and history of the cars they sold and charged customers illegal and unnecessary fees.”

Full Article: https://www.boston.com/news/business/2019/11/20/automax-settlement

CNA Announces Management Changes in Enterprise Risk Management and Warranty

Al Miralles, who served as CNA’s Chief Risk Officer since 2017, has been appointed President of CNA Warranty.

Full Release: https://www.prnewswire.com/news-releases/cna-announces-management-changes-in-enterprise-risk-management-and-warranty-300938909.html

Generali US Branch launches specialty insurance division – begins offering warranty services worldwide

Company adds warranty services to robust list of offerings, will provide added protection to customers globally

New York, September 18, 2019: Generali US Branch, the US arm of Generali Group, a
leading insurance and financial services group with more than €500 billion in assets today announced the launch of their new Specialty Insurance Division which will focus on providing comprehensive warranty services and solutions.

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Amynta Names Dennis Kane as Head of Warranty Business

Amynta Group announced today that Dennis Kane has been named Executive Vice President and CEO Global Warranty. Dennis will be responsible for driving profitable growth across Amynta’s warranty business, deepening partner relationships and delivering on the company’s commitment to customer excellence.

Full Release: https://www.prnewswire.com/news-releases/amynta-names-dennis-kane-as-head-of-warranty-business-300913267.html