Category Archives: Insurance Carriers

AmTrust Specialty Risk Report: Consumers Still Most Likely to Purchase an Extended Warranty at the Point of Sale

Millennials and Gen Z Protect Electronics and Jewelry Purchases While Boomers and Gen X Buy Vehicle and Appliance Warranties

View Full Report: AmTrust Specialty Risk 2021 Warranty Survey Report

HORNBEAM AND PROFESSIONAL WARRANTY SERVICE CORPORATION (PWSC) LAUNCH HOMEPRO, A GROUND-BREAKING HOME WARRANTY FOR RENTAL PROPERTY MANAGEMENT COMPANIES

LOUISVILLE, KY, AUGUST 10, 2021—Hornbeam Insurance Company and Professional Warranty Service Corporation (PWSC) partnered to develop the industry’s first home warranty specifically designed for property management companies with residential rental properties.

PWSC, with the support of Hornbeam, recently introduced HomePRO™ Rental Property Protection to support property managers and landlords. This landmark solution streamlines property management by:

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Extended Warranty & Service Contract Innovations

Strategies for Designing, Marketing & Operating Winning Service Contract & Extended Warranty Programs

October 18-19, 2021 Renaissance Nashville Hotel, Nashville, Tennessee

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Enduring Changes in the Post-Pandemic Warranty Industry

Key observations from an AmTrust roundtable discussion with service contract industry leaders Aleem Lakhani, Michael Frosch, Kenneth Mac, and Sreevathsa Prabhakar.

Full Article: www.warrantyweek.com/archive/ww20210603.html

Personal Safeguards Group, LLC (PSG) Supports Creation of a New Subscription-Based Medical Alert Service Contract Program

PSG provided support in creating a new subscription-based service contract program including:

  • Sourcing a Licensed Obligor backed by an A- Admitted Carrier
  • Program Design and Rate Structures
  • Claims Administration and Management
  • Regulatory and Compliance

For more information: PersonalSafeguardsGroup.com

AM Best Affirms Credit Ratings of Fortegra Europe Insurance Company Limited

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Fortegra Europe Insurance Company Limited (FEI) (Malta). The outlook of these Credit Ratings (ratings) is stable.

Full Release: https://www.businesswire.com/news/home/20210204005763/en/AM-Best-Affirms-Credit-Ratings-of-Fortegra-Europe-Insurance-Company-Limited

Arch Insurance Announces Entry Into Consumer Product and Home Warranty Markets

Offering provides unique North American insurance and obligor solutions including custom underwriting, data analytics and full compliance support

Arch Insurance today announced its entry into the Consumer Product and Home Warranty markets. With this offering, Arch will focus on its “underwriting only” partnership approach for original equipment manufacturers (OEM), third party administrators, obligors and insurtechs by providing underwriting, compliance, data analytics and nationwide obligor access.

Full Release: https://www.businesswire.com/news/home/20210107005525/en/Arch-Insurance-Announces-Entry-Into-Consumer-Product-and-Home-Warranty-Markets

AmTrust and Servify Announce Partnership for Device Protection Programs

Companies Partner to Offer A Program Scalable to Millions of Users and Devices

NEW YORK and SEATTLE, November 11, 2020– AmTrust Financial Services, Inc., a leading underwriter of extended service, accidental damage, and loss/theft plans in the consumer technology industry, and Servify, a device lifecycle management company, today announced a partnership to provide Device Protection Programs for Retailers, Carriers and Original Equipment Manufacturers (OEMs).

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