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
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 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
Park Ridge, Illinois – November 24, 2020 – PCMI has integrated with BerkOne, a leading provider within the content and process automation industry. This partnership comes in conjunction with PCMI’s announcement of its new Notification Center Module within its Policy Claim and Reporting Solutions™ (PCRS) platform. While this new module has the ability to send automated emails and text notifications, there is still a need for administrators to send physical mail due to compliance standards. This partnership fulfills that need – administrators can set event-based triggers for when a letter needs to be sent, and BerkOne’s facilities will automatically print, mail, and reconcile the materials once that trigger is activated.
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Highlight of the features of PCMI’s Notification Center Module – a customizable communication tool. Guest Steve Hendrick from BerkOne joins the discussion to give his experience integrating with PCMI.
We will cover:
✔️ Flexible communication with agents, dealers, sales managers, and customers
✔️ Creating email, text, and letter templates that are automatically merged
✔️ Setting notification triggers based on the receiver’s needs and preferences
Webinar Registration: https://us02web.zoom.us/webinar/register/3416045046820/WN_OT_8MHC-TwOlclvV-exaLw
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(PONTE VEDRA BEACH, Florida, October 2020) – Tony Wanderon, CEO of National Auto Care, and Henry Coffeen, the founder of Coffeen Management Company today announced that National Auto Care has acquired Coffeen Management Company (CMC).
CMC is an independent automotive finance & insurance agency based in Texas that has successfully driven profits and provided expert assistance for dealer performance since its founding in 1987.
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(PONTE VEDRA BEACH, Florida, October 2020) – Tony Wanderon, CEO of National Auto Care, and Danny and Cory Baze, the principals of Assurance Marketing, Inc., today announced that National Auto Care has acquired Assurance Marketing, Inc. (AMI).
AMI is an independent automotive finance & insurance agency based in Oklahoma that has provided quality finance and insurance products, services, and training to automobile dealers for 30 years.
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Subsidiaries include Preferred Warranties, Inc., Superior Warranties, Inc., Preferred Warranties of Florida, Inc., and Preferred Nationwide Reinsurance Company, Ltd.
Full Release: https://www.prnewswire.com/news-releases/kingsway-to-expand-portfolio-of-warranty-holdings-301150691.html
California Department of Insurance Investigates VSC Company
The Insurance Commissioner’s office is still investigating, but so far 1,044 Californians were found to have paid a total of $2.3 million in extended vehicle repair contracts that were sold outside the state’s insurance rules. Seven people in Santa Barbara County were on Commissioner Ricardo Lara’s list as having bought the policies, which ranged in price from $1,300 to $2,600.
Full Article: https://www.independent.com/2020/10/12/unlicensed-vehicle-service-contract-business-ordered-to-cease-and-desist/
Hosted by PCMI + Infintech
PCMI is bringing automated payment processes to another level! Join us for a conversation with Infintech‘s Matt Valego as we discuss how our integration simplifies and automates payments between dealers and administrators. We’ll be covering:
– Enhanced payment processes
– Online status updates
– Secure transaction monitoring
Oct 22, 2020 11:00 AM in Central Time (US and Canada)
Registration Link: https://us02web.zoom.us/webinar/register/3916020070176/WN_6NJra_oTRjKgMvJH7YtSew
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