Category Archives: Automotive

The 16th Annual Extended Warranty & Service Contract Innovations Conference

The 16th Annual Extended Warranty & Service Contract Innovations Conference https://www.warrantyinnovations.com/ returns to Chicago, hosted at the legendary Drake Hotel on October 27-28, 2025. 

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VinFast’s Decade of Coverage Brings Peace of Mind to Electric Vehicle Buyers

Vietnamese automaker VinFast is challenging Canada’s auto industry norms by offering a 10-year, 200,000-kilometre warranty on its electric vehicles.

Full Article: https://www.businesswire.com/news/home/20250903210693/en/VinFasts-Decade-of-Coverage-Brings-Peace-of-Mind-to-Electric-Vehicle-Buyers

Skipping a Software Update in a GM Vehicle Could Cost Owners Later

Install the over-the-air update within 45 days, or a consumer risks potential damage from outdated software, which may not be covered under warranty.

Full Article: https://www.caranddriver.com/news/a65577744/over-the-air-software-update-problem-gm-warranty-details/

The Iowa Insurance Division Publishes Consumer Guidance on Service Contracts

The Iowa Insurance Division has published consumer guidance on service contracts (motor vehicle and residential), emphasizing the need to research providers, coverage limitations, and claim processes; awareness is recommended due to persistent marketing via calls and mailers.

The Iowa Insurance Division regulates two types of service contracts: motor vehicle and residential service contracts, also known as home warranties.  The article lists websites a consumer may use to confirm a seller is licensed.

Full Article: https://iid.iowa.gov/consumer-connection/2025-07-02/july-consumer-connection-service-contracts

Tesla Launches Tire and Wheel Protection Plan in the U.S.

Tesla has introduced a new monthly subscription Tire and Wheel Protection Plan in the United States.

Full Article: https://driveteslacanada.ca/news/tesla-launches-wheel-and-tire-protection-plan-in-the-u-s/

2025 Vehicle Service & Warranty Lifecycle Summit Series

The BIG REVEAL is here! The countdown to the 2025 Vehicle Service & Warranty Lifecycle Summit Series has officially begun — and we’re kicking it off with the announcement of our first six speakers.

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Marubeni to Enter the Automobile Extended Warranty Business in Canada

Marubeni Corporation has invested in LGM Financial Services Inc., a Canadian provider of extended warranty products and claims processing for automobiles.

Full Article: https://www.marubeni.com/en/news/2025/release/00029.html

Brown & Brown, Inc. acquires the assets of Tire Shield

Brown & Brown, Inc. and Tire Shield, Inc. announce that Brown & Brown Dealer Services has acquired the assets of Tire Shield. The acquisition expands Brown & Brown’s administrative services for dealers and agents, providing tire and wheel road hazard products and GAP waiver products for the RV, Automotive, and Powersports industries

Full Release: https://www.globenewswire.com/news-release/2025/08/12/3132206/0/en/Brown-Brown-Inc-acquires-the-assets-of-Tire-Shield.html

Vehicle Value Protection Agreements (VVPAs) Gain Explicit Authorization Across Multiple States

The landscape for Vehicle Value Protection Agreements (VVPAs) in the United States is rapidly maturing, with a growing number of states enacting statutes that explicitly authorize the sale of these innovative financial protection products.

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Virginia: New Warranty and Recall Protections for Dealers Signed into Law

A new law was signed earlier this year to take effect July 1, 2025, in Virginia, providing protections to ensure fair reimbursement for Virginia’s automotive technicians and dealerships performing warranty and recall repairs. 

Dealer protections include:

  • Manufacturers will no longer have the ability to challenge warranty rates based on their definition of reasonableness
  • Protection from decreases in markup on recall repair parts
  • The ability to return unused recall parts
  • Strengthened protection for payment for diagnostic repair time

Full article: https://vada.com/blog/2025/03/25/new-warranty-and-recall-protections-for-dealers-signed-into-law/