Category Archives: Regulatory

Using a Contractual Liability Insurance Policy (CLIP) for Limited Warranties or Service Guarantees

Businesses offering Limited Warranties or Service Guarantees frequently encounter the question, “What backs this warranty or guarantee?”

This question is critical to clients seeking peace of mind that something supports the warranty or guarantee beyond the company’s promise. In some cases, clients will not do business with a company that doesn’t have adequate backing for its promise or guarantee.

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Maine’s Implied Warranty Law should not fly below radar

Most consumer goods bought in Maine have an implied warranty of four years. Retailers and service contract providers need to take note of whether they are selling programs on products that this law already covers.

Full Article: https://www.pressherald.com/2024/12/22/letter-be-aware-of-maines-implied-warranty-law/

home real estate

Edina Realty to pay $3.5 million in home warranty settlement with MN AG’s Office

The Minnesota Attorney General’s Office says a settlement has been reached with Edina Realty over alleged secret payments to promote home warranties.

Full Article: https://www.kimt.com/news/edina-realty-to-pay-3-5-million-in-home-warranty-settlement-with-mn-ags-office/article_129d3470-a68c-11ef-bc95-f3d6b2bd37ad.html

New Legislation Increases Protection Offerings for Missourians

Missouri lawmakers furthered the protections for consumer finances by signing a new law that affords additional options for people looking to keep their budgets safe. 

Full Article: https://gapalliance.org/new-legislation-increases-protection-offerings-for-missourians/

Ohio AG Yost Sues NY-based Home Warranty Company, Alleging Deceptive Business Practices

Ohio Attorney General Dave Yost is suing First Premier Home Warranty and its owner, alleging that the New York-based company’s deceptive business practices have harmed Ohio consumers.

Full Article: https://www.ohioattorneygeneral.gov/Media/News-Releases/August-2024/AG-Yost-Sues-NY-based-Home-Warranty-Company-Allegi

FTC Lawsuit Claims Deceptive Sales Practices and Discrimination at David McDavid Honda of Irving

David McDavid Honda of Irving, a dealership under the umbrella of Asbury Automotive Group, is at the center of a Federal Trade Commission (FTC) lawsuit alleging deceptive sales practices and discrimination.

Full Article: https://www.irvingweekly.com/s/8535/FTC-Lawsuit-Claims-Deceptive-Sales-Practices-and-Discrimination-at-David-McDavid-Honda-of-Irving.php

Florida CFO Jimmy Patronis announces investigation into CarShield for deceptive sales practices

Jimmy Patronis announced an investigation by the Florida Department of Financial Services’ Division of Agent and Agency Services into nationwide vehicle service contract company CarShield for deceptive sales practices in Florida.

Full Article: https://www.mysuncoast.com/2024/08/21/cfo-jimmy-patronis-announces-investigation-into-carshield-deceptive-sales-practices/

New Hampshire Insurance Department Announces Passage of SB515: Enhanced Consumer Guarantee Contracts

The New Hampshire Insurance Department announced the passage and signing into law of SB515, legislation designed to enhance consumer protection through revised requirements for consumer guarantee contracts.

Full Release: https://www.insurance.nh.gov/news-and-media/new-hampshire-insurance-department-announces-passage-sb515-enhanced-consumer