A.M. Best has downgraded the financial strength ratings (FSR) to B++ (Good) from A- (Excellent) and the issuer credit ratings (ICR) to “bbb+” from “a-” of the following insurance company operating subsidiaries of Fortegra Financial Corporation…
Category Archives: Insurance Carriers
Hertz Equipment Rental Corporation Launches Equipment Assurance Warranty Program in the US
Hertz Equipment Rental Corporation, a subsidiary of The Hertz Corporation has launched an equipment extended service plan program, in the US. in partnership with Warrantech, a subsidiary of AmTrust Financial Services, Inc.
Harley Davidson India rolls out extended warranty
Harley-Davidson India, premium motorcycle maker announces the roll out of an Extended Warranty program for its customers in India. Under the Extended Warranty program, all Harley-Davidson motorcycles can now be covered for four years.
Is Your Broken Appliance Out-of-Warranty? Don’t Worry, You’re Covered
Assurant Solutions launches Fixed by Assurant to provide repair service and extended coverage when you need it most
ATLANTA, March 31, 2015 –- How frustrating is it to have a major appliance break only to discover that the manufacturer’s warranty has expired?
Ally Lengthens Its Extended Warranty on Vehicles
Extends ultimate extended-service coverage up to 12 years and 150,000 miles.
Full Article: http://wardsauto.com/finance-insurance-resource-center/ally-lengthens-its-extended-warranty-vehicles
President Once Again Takes Aim at Reinsurers
While it is expected to receive very little support in a Republican controlled Congress President Obama is once again looking at changes in the tax structure for reinsurers.
Full Article: http://www.fi-magazine.com/news/story/2015/02/president-once-again-takes-aim-at-reinsurers.aspx
Allianz Global Assistance UK Offers Extended Warranty to Mitsubishi Customers
Building on its strong partnership with Mitsubishi Motors in the UK, Allianz Global Assistance UK has developed an online service to bring Mitsubishi drivers the opportunity to purchase Extended Warranty products..
Full Release: http://www.sourcewire.com/news/86143/allianz-global-assistance-uk-offers-extended-warranty-to-mitsubishi-customers
CNA’s Reports its Participation Plans Distributed More Than $38 Million in 2014
CNA National Warranty Corporation announced that more than $38 million was returned to automobile dealers across in 2014 through its various participation plans…
Full Article from F&I Magazine: http://www.fi-magazine.com/news/story/2015/02/cna-s-participation-plans-distributes-more-than-38-million-in-2014.aspx
AmTrust Announces Q4 and Full Year 2014 Earnings
Gross written premium of $1.46 billion for the quarter and $6.09 billion for the year…
Full Release: http://ir.amtrustgroup.com/releasedetail.cfm?ReleaseID=895835
Assurant’s (AIZ) Q4 Earnings Miss Estimates
Assurant Inc. reported fourth-quarter 2014 net operating income of 87 cents per share…
Full Article: http://www.zacks.com/stock/news/164384/assurants-aiz-q4-earnings-miss-estimates-down-yy