Category Archives: Mobile Electronics

AM Best Affirms Credit Ratings of Fortegra Financial Corporation’s Insurance Subsidiaries

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of the U.S.-based operating subsidiaries of Fortegra Financial Corporation (Fortegra) (headquartered in Jacksonville, FL). 

Full Release: https://www.businesswire.com/news/home/20200916005931/en/AM-Best-Affirms-Credit-Ratings-of-Fortegra-Financial-Corporation%E2%80%99s-Insurance-Subsidiaries

Clyde Named BigCommerce Elite Partner

Clyde, the extended warranty platform that helps retailers drive revenue and customer loyalty with product protection, today announced that it has been named an Elite partner of BigCommerce.

Full Release: https://www.businesswire.com/news/home/20200908005015/en/

Department of Financial Services announces settlement with mobile insurance provider

Superintendent of Financial Services Linda Lacewell announced on August 20 that The Signal, LP, an Assurant Company, has been fined $2.8 million following inadequate consumer disclosures.

Full Article: https://www.informnny.com/top-stories/department-of-financial-services-announces-settlement-with-mobile-insurance-provider/

Assurant Expands On-Demand Mobile Device Repair with Acquisition of Fixt

Assurant announces it has acquired Fixt, a leading provider of on-demand mobile device support and repair.

Full Release: https://www.businesswire.com/news/home/20200817005054/en/Assurant-Expands-On-Demand-Mobile-Device-Repair-Acquisition

Apple will now give customers an entire year to buy extended warranty for products

No more having to make a decision on AppleCare+ within 60 days

Full Article: https://www.theverge.com/2020/8/17/21372569/apple-applecare-plus-purchase-window-now-one-year

Extended Warranty and Service Contract Innovations

SSN has structured this event as a Virtual and In-Person event so you can safely register for the event today. If a continuing COVID-19 outbreak, self-quarantine rules and social distancing rules make it impossible to attend the in-person event, you will still benefit from our full agenda and all the networking opportunities at the virtual event.

Join us at the 11th Annual Extended Warranty & Service Contract Innovations! This year’s all new agenda takes a deep-dive into new frontiers in extended warranty and service contract innovations!

Event Highlights Include:

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NY Fines Insurer $4M For Inadequate Consumer Disclosures

The New York Department of Financial Services fined Asurion Insurance Services and Asurion Protection Services $4 million for providing inadequate consumer disclosures for insurance offerings.

Full Article: https://insurancenewsnet.com/innarticle/ny-fines-insurer-4m-for-inadequate-consumer-disclosures#.XlgCmpNKhTY

Personal Safeguards Group Releases 2020 Service Contract Industry Projections

UPDATE: The shutdown driven by the CoronaVirus will greatly impact every category in 2020. This should be viewed as a run rate prior to the shutdown.

For 2020 Personal Safeguards Group projects over $61b at retail for consumer related service contracts.

Automotive continues to lead the industry in terms of gross revenue with 2020 projected at over $33b for Vehicle Service Contracts and over $6.4b for Ancillary products.

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