The guide provides manufacturers with an in-depth look at how automated claims scoring is transforming the industry.
U.S. Treasury Department Issues Proposed Regulations To Finally Eviscerate Microcaptive Tax Shelters
The U.S. Department of the Treasury has finally regulations to deal with so-called microcaptive transactions.
Microcaptives are, for the most part, insurance companies that attempt to qualify for treatment under section 831(b) of the Internal Revenue Code by way of a shared risk-pool arrangement which only superficially provides risk sharing and risk distribution for tax purposes, and whose real purpose is to provide inflated deductions for the businesses that the microcaptives are insuring.
Read the Full Article: https://www.forbes.com/sites/jayadkisson/2023/04/11/us-treasury-department-issues-proposed-regulations-to-finally-eviscerate-microcaptive-tax-shelters/
FTC Sends $3.3 Million to Consumers over Illegal Junk Fees
The FTC is sending payments totaling more than $3.3 million to customers of Passport Auto, a Washington D.C.-area auto dealer.
Full Article: https://usedcarnews.com/index.php/component/k2/item/4780-ftc-sends-3-3-million-to-consumers-over-illegal-junk-fees
US Vehicles are Older than Ever
The average age of vehicles on U.S. roads reaches a record 12.5 years old, according to a new study
Full Article: https://www.thedetroitbureau.com/2023/05/your-car-is-likely-older-than-ever/
Nation Safe Drivers and Questx to Combine
Enhances National Leadership Position in Roadside Assistance and Mobility Services
BDT Capital Partners to Maintain Majority Stake in Combined Platform
Nation Safe Drivers (“NSD”) and Questx today announced that they have completed a strategic business combination to form one of the nation’s largest and most innovative leaders in roadside assistance and mobility services. Terms of the transaction were not disclosed.
Full release: https://www.yahoo.com/lifestyle/nation-safe-drivers-questx-combine-130000606.html
Liberty Home Guard Now Offering Home Warranty Services in All 50 States
The top-rated home warranty provider surpasses a remarkable milestone with nationwide reach.
Liberty Home Guard, a leading home warranty provider, is proud to announce that it has obtained a license to operate in Wisconsin, previously the only state where the company’s services were not available. With this recent achievement, Liberty Home Guard is now a nationwide provider of home warranty services, serving residents in all 50 states.
Sure launches modern embedded home warranty protection solution
Enabling its partners to offer homeowners and landlords home warranty protection through a digital-first experience.
Sure announces the launch of Sure’s Home Warranty solution, a modern embedded home warranty protection solution for the digital age.
Full Release: https://www.prnewswire.com/news-releases/sure-launches-modern-embedded-home-warranty-protection-solution-301806261.html
2nd Annual Global Warranty & Service Contract Innovations Conference
April 18-19, 2023, at the Hyatt Regency Long Beach, California
Hear top industry leaders discuss tools and strategies for cross-functional, data-driven new product development, customer service to expand market share and ensure compliance. The all new agenda features riveting case studies and timely panel discussions. Plus, you’ll want to participate in the always-popular industry-specific roundtable discussion groups and hot off the press market news flashes from Warranty Week.
To register and view the schedule of events, please visit: www.globalwarrantyinnovations.com. Use the WarrantyNews discount code: WN300 for $300 off while available.
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MAPconnected Survey
Are you alone battling with incorrect use of fault or condition codes?
Find out now by taking this 14-question survey which has been commissioned for a MAPconnected member company to help them obtain feedback on how other companies are:
- Equipping Dealership personnel to provide correct defect code
- Reducing incorrect claim coding with Authorized Service Providers
- Simplifying the defect code selection process for technicians / warranty personnel
All companies that participate will receive the overall results!
For details: https://www.mapconnected.com/fault-or-condition-codes-start-your-year-off-smarter-by-getting-mapconnected/
Check out the MAPconnected Automotive Q1 Virtual Events and more
February 15 Round Robin: Good Versus Bad Claims Quality Scoring (3 – 4 pm ET)
March 21 Round Robin: Turning Warranty Data Into a Continuous Improvement Tool (3 – 4 pm ET)
April 19 Webinar: Warranty Costs Related To Serviceable and Non-Serviceable Electric Vehicle Battery Packs (11 – 12 pm ET)
October 24-25 OnSite: Vehicle Service & Warranty Lifecycle Summit (3rd annual) Oct 24 – 25 at the Henry Hotel, Dearborn MI
For more information or to register: https://www.mapconnected.com/2023-upcoming-events/