AUL Corp. launches a new vehicle service contract product covering complex technology systems found in today’s vehicles.
Full Article: https://aulcorp.com/news/posts/2020/may/aul-corp-launches-new-vsc-covering-complex-automotive-technology-systems/
Clyde raises $14 million Series A to help e-commerce businesses offer extended warranty plans
Clyde, an extended warranty startup helping small e-commerce businesses offer service contracts, announces it has raised a $14 million Series A led by Spark Capital with participation from Crosslink, RRE, Rea Sea Ventures and others.
Continue readingAssurant Acquires American Financial & Automotive Services
- Acquisition Further Solidifies Assurant’s Position as a Leading Provider in the Global Automotive Market with over 48 Million Covered Vehicles Globally
Full Release: https://www.businesswire.com/news/home/20200505005962/en/Assurant-Acquires-American-Financial-Automotive-Services
Assurant Reports First Quarter 2020 Financial Results
- Year-over-Year Earnings Growth Driven by Global Lifestyle and Improved Global Housing Results
- Announces information on AFAS Acquisition
Full Earnings Release: https://www.businesswire.com/news/home/20200505005929/en/Assurant-Reports-Quarter-2020-Financial-Results
Personal Safeguards Group (PSG) Supports Creation of a New Consumer Products Service Contract Provider
PSG provided support in every step of forming and operating a new service contract provider in North America. PSG leverages deep contacts in the warranty industry to help facilitate the entry into the space.
PSG’s roadmap includes support with:
- State level service contract requirements
- Financial guarantee options (CLIP/SCRIP)
- Sales and claims administration processes
- Creation of rates and reserves
- Creation of forms and coverages
- Selecting administration technology
- Repair infrastructure options
The PSG process is designed to support Independent Providers, Original Equipment Manufacturers (OEM) and Retailers. OEMs and Retailers can in-source or outsource individual elements of their program for their Service Contract Program allowing individual structures to address revenue recognition issues, customer experience & lifetime value and overall program design and development.
Contact Personal Safeguards Group for more information. https://personalsafeguardsgroup.com
HomeServe Launches Telefix, A Remote Home Repair Assistance Service
Homeowners sheltering in Place to Receive Free Repair Consultations during COVID-19 Crisis
HomeServe USA (HomeServe), a leading provider of home repair solutions, launched Telefix, a new remote home repair assistance option. The new service, which is in early release, allows qualified technicians to remotely examine, diagnose, and even offer repair guidance to help homeowners solve common home repairs without stepping foot into the home. Through Telefix, users can save some money during these challenging times with free remote DIY guidance from experts in the plumbing, electrical and HVAC trades. If a repair cannot be made remotely, users will have the option of on-site repairs by licensed technicians.
Full Release: https://www.businesswire.com/news/home/20200428005853/en/
Portfolio Launches New Claims Website
Portfolio’s new GAP and ancillary claims website was designed to streamline the submission and adjudication process.
LAKE FOREST, Calif. — Portfolio announced the launch of a new website for GAP and ancillary claims. The new site features a fully redesigned interface intended to offer easy navigation and a better overall user experience.
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PCMI Integrates with C&K Auto Parts to Implement a One-Stop Solution for Parts Ordering to Reduce Claim Expenses
Integration of C&K Auto Parts and PCMI will empower TPAs by giving them a streamlined and efficient process to research pricing, create and document quotes, and order parts all in one place.
F&I PROVIDERS RELIEF FUND ANNOUNCES BOARD MEMBERS, $1 MILLION FUNDRAISING GOAL
FOR IMMEDIATE RELEASE
(Florida, April 2020–) The upstart charity F&I Providers Relief Fund for F&I Managers has announced its 7-member board of directors and a $1 million fundraising goal to help professionals in the F&I industry facing hard times.
Founded only two weeks ago by National Auto Care CEO Tony Wanderon, the F&I Providers Relief Fund (F&IPRF) has brought nearly 20 F&I providers together and has now raised close to $300,000 to provide financial grants exclusively to F&I managers who are dealing with financial hardships due to COVID-19.
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Portfolio to Acquire National Automotive Experts/NWAN
Portfolio Holding Inc. today announced it has agreed to acquire National Automotive Experts/NWAN, a Strongsville, Ohio-based F&I products provider and administrator.
Full Article: https://www.naenwan.com/2020/03/09/portfolio-acquire-nae-nwan/
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