Category Archives: Home Warranty

Frontdoor, Inc. to Acquire 2-10 Home Buyers Warranty for $585 Million in Cash

Frontdoor acquiring leading provider of new home structural warranties;
Increases Frontdoor’s customers, revenue and earnings;
Opens new sales channel for home warranties;
Diversifies portfolio into an adjacent and growing category

Full Release: https://www.businesswire.com/news/home/20240604637675/en

Sustainable Growth Strategies for Consumer Extended Warranty Markets – PCMI Whitepaper

This comprehensive whitepaper covers success-driven strategies for keeping your consumer extended warranty business thriving. It includes timely and effective techniques for keeping up with continuous growth, and how your business can keep its competitive edge for years to come.

  • Explore key trends and challenges of the evolving landscape
  • Discover transformative approaches to future-proof warranty management
  • Learn about innovative tools that are reshaping the industry

Download Link: https://www.pcmicorp.com/whitepaper-sustainable-growth-strategies-for-consumer-extended-warranty-markets-form/

home real estate

Choice Home Warranty Prohibited From Selling Warranty and Service Contracts in Georgia

Insurance and Safety Fire Commissioner John F. King announced that Choice Home Warranty is prohibited from selling or soliciting home warranty or service contracts in Georgia.

In March, a Cease-and-Desist order was issued against Choice Home Warranty for failing to meet the surety bond requirements established under Title 33 of the Official Code of Georgia Annotated. The company has failed to post the required bond in an amount of not less than $100,000.00 despite previous warnings. This requirement ensures that Georgia consumers are protected in case a warrantor cannot pay out claims.

Full Release: https://oci.georgia.gov/press-releases/2024-04-10/choice-home-warranty-prohibited-selling-warranty-and-service-contracts

Washington State Insurance Commissioner fines Home Warranty company $100,000 for operating illegally

First Premier Home Warranty Corp fined $100,000 and ordered the New York-based home warranty company to stop conducting insurance business in Washington.

Full Release: https://www.insurance.wa.gov/news/kreidler-fines-new-york-based-company-100000-operating-illegally

Meramec Secure Announces New Relationship with a Leading Insurance Platform

Meramec Secure Adds Homeowner and Automobile P&C Insurance Solutions for D2C Home Warranty and Auto Service Contract Sellers

Chicago, IL, February 12, 2024 – Meramec Secure, a nationwide designer and producer of specialty insurance and service contract solutions, has recently announced a new strategic relationship with a leading insurance platform. 

This relationship provides access to products from multiple property and casualty insurance carriers.  It is designed to generate cross-sales of auto and home insurance coverage for direct-to-consumer auto and home service contract shoppers via automated API, warm transfer, or web-based solutions.

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ONCOURSE HOME SOLUTIONS ANNOUNCES ACQUISITION OF CONSUMERS ENERGY APPLIANCE SERVICE PLAN BUSINESS

Oncourse Home Solutions announced that its affiliate American Water Resources, LLC  has entered into a definitive agreement with Consumers Energy, a subsidiary of CMS Energy (NYSE: CMS), whereby OHS will acquire the Consumers Energy Appliance Service Plan (ASP) business. 

Full Release: https://www.prnewswire.com/news-releases/oncourse-home-solutions-announces-acquisition-of-consumers-energy-appliance-service-plan-business-302053658.html

Alabama Power Partners with HomeServe for New Home Repair Service Program

Alabama Power in collaboration with HomeServe, introduces a new home repair service program for residential customers, aiming to provide financial relief and peace of mind.

Alabama Power has initiated a groundbreaking collaboration with HomeServe, a foremost provider of home service solutions, to roll out a novel home repair service program for residential customers. 

Full Article: https://bnnbreaking.com/world/us/alabama-power-partners-with-homeserve-for-new-home-repair-service-program/

Warranty & Service Contract Innovations

Join us for Warranty & Service Contract Innovations for Vehicle, Home, Smart Products & Consumer Goods, scheduled for April 17-18, 2024, at the Hilton DoubleTree in Nashville.

This is an exclusive 2-track event that affords a deep dive into industry-specific topics for Auto, Truck, Home, Appliance, Consumer Electronics, Mobile and more! By popular demand, the expanded coverage this year features more topics unique to each market plus best practice case studies, panel discussions, news flashes, and round table discussion groups.


There will also be combined general sessions bringing everyone together to learn from all sides of the industry.


To register, please visit: www.globalwarrantyinnovations.com. Use Discount Code WN300 for $300 off.