ECP, Inc. (Entire Car Protection), the proprietor and manufacturer of Auto Armor®, The Protector®, Platinum Protection Systems® and Carbon Steel® brands of appearance protection products, including the state-of-the-art, patented Diamond Ceramic Exterior Protection®, and All-In-One® Interior Protection products, is pleased to announce they have received the Diamond award for Appearance Protection Products, and the Gold award for F&I Ancillary Products in the 19th annual Auto Dealer Today 2023 Dealers’ Choice Awards.
Continue readingCategory Archives: Automotive
Portfolio Wins 3rd Straight DCA Diamond
Dealers ranked Portfolio as the nation’s No. 1 reinsurance provider in the 2023 Dealers’ Choice Awards, the company’s third straight Diamond award and 10th category win.
LAKE FOREST, Calif. — Aug. 2, 2023 — For the third straight year and 10th time overall, Portfolio won the first-place Diamond award for Reinsurance & Participation in the annual Dealers’ Choice Awards.
PCMI Webinar – Building vs. Buying Admin Software: Alpha Warranty Discusses Their Decision
Join us as Alpha Warranty and PCMI executives break down the differences between building vs buying an admin system and what led Alpha Warranty to decide to buy.
Webinar covers:
- Why switching systems was crucial to their growth
- Obstacles they identified with building
- Factors that played a part in their decision
- How buying has helped achieve their goals
- Converting their legacy data – PCMI’s conversion toolkit
The 14th Annual Extended Warranty & Service Contract Innovations National Forum
Chicago, Illinois – October 17-18, 2023
Announcing the all-new agenda covering all the topics you have asked for! This year The 14th Annual Extended Warranty & Service Contract Innovations National Forum is moving to Chicago on October 17-18, 2023, at the Palmer House Hilton. This highly acclaimed, cross-industry event covers innovations in customer service, new product development, data & technology, operations, marketing & sales, legal & regulatory, finance & insurance.
Continue readingU.S. Treasury Department Issues Proposed Regulations To Finally Eviscerate Microcaptive Tax Shelters
The U.S. Department of the Treasury has finally regulations to deal with so-called microcaptive transactions.
Microcaptives are, for the most part, insurance companies that attempt to qualify for treatment under section 831(b) of the Internal Revenue Code by way of a shared risk-pool arrangement which only superficially provides risk sharing and risk distribution for tax purposes, and whose real purpose is to provide inflated deductions for the businesses that the microcaptives are insuring.
Read the Full Article: https://www.forbes.com/sites/jayadkisson/2023/04/11/us-treasury-department-issues-proposed-regulations-to-finally-eviscerate-microcaptive-tax-shelters/
FTC Sends $3.3 Million to Consumers over Illegal Junk Fees
The FTC is sending payments totaling more than $3.3 million to customers of Passport Auto, a Washington D.C.-area auto dealer.
Full Article: https://usedcarnews.com/index.php/component/k2/item/4780-ftc-sends-3-3-million-to-consumers-over-illegal-junk-fees
US Vehicles are Older than Ever
The average age of vehicles on U.S. roads reaches a record 12.5 years old, according to a new study
Full Article: https://www.thedetroitbureau.com/2023/05/your-car-is-likely-older-than-ever/
Nation Safe Drivers and Questx to Combine
Enhances National Leadership Position in Roadside Assistance and Mobility Services
BDT Capital Partners to Maintain Majority Stake in Combined Platform
Nation Safe Drivers (“NSD”) and Questx today announced that they have completed a strategic business combination to form one of the nation’s largest and most innovative leaders in roadside assistance and mobility services. Terms of the transaction were not disclosed.
Full release: https://www.yahoo.com/lifestyle/nation-safe-drivers-questx-combine-130000606.html
2nd Annual Global Warranty & Service Contract Innovations Conference
April 18-19, 2023, at the Hyatt Regency Long Beach, California
Hear top industry leaders discuss tools and strategies for cross-functional, data-driven new product development, customer service to expand market share and ensure compliance. The all new agenda features riveting case studies and timely panel discussions. Plus, you’ll want to participate in the always-popular industry-specific roundtable discussion groups and hot off the press market news flashes from Warranty Week.
To register and view the schedule of events, please visit: www.globalwarrantyinnovations.com. Use the WarrantyNews discount code: WN300 for $300 off while available.
Continue readingMAPconnected Survey
Are you alone battling with incorrect use of fault or condition codes?
Find out now by taking this 14-question survey which has been commissioned for a MAPconnected member company to help them obtain feedback on how other companies are:
- Equipping Dealership personnel to provide correct defect code
- Reducing incorrect claim coding with Authorized Service Providers
- Simplifying the defect code selection process for technicians / warranty personnel
All companies that participate will receive the overall results!
For details: https://www.mapconnected.com/fault-or-condition-codes-start-your-year-off-smarter-by-getting-mapconnected/