home real estate

Choice Home Warranty Prohibited From Selling Warranty and Service Contracts in Georgia

Insurance and Safety Fire Commissioner John F. King announced that Choice Home Warranty is prohibited from selling or soliciting home warranty or service contracts in Georgia.

In March, a Cease-and-Desist order was issued against Choice Home Warranty for failing to meet the surety bond requirements established under Title 33 of the Official Code of Georgia Annotated. The company has failed to post the required bond in an amount of not less than $100,000.00 despite previous warnings. This requirement ensures that Georgia consumers are protected in case a warrantor cannot pay out claims.

Full Release: https://oci.georgia.gov/press-releases/2024-04-10/choice-home-warranty-prohibited-selling-warranty-and-service-contracts

The Plateau Group and Scag Power Equipment Unveil Scag Extended Warranty Program

Tennessee, March 26, 2024 – The Plateau Group, a forty-year insurance solutions provider, and Scag Power Equipment, a leading manufacturer of commercial and residential lawn mowers and turf management equipment, proudly announces a strategic collaboration to introduce the brand-new Scag Extended Warranty Program. This joint initiative aims to elevate Scag’s industry leading reputation for quality and performance, offering distinctive advantages to both buyers and dealerships.

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Washington State Insurance Commissioner fines Home Warranty company $100,000 for operating illegally

First Premier Home Warranty Corp fined $100,000 and ordered the New York-based home warranty company to stop conducting insurance business in Washington.

Full Release: https://www.insurance.wa.gov/news/kreidler-fines-new-york-based-company-100000-operating-illegally

General Motors Hosts: Warranty Claim Processes, Systems & Cost Sharing Club Study & Parts Return Center Tour April 18-19

General Motors invites MAPconnected Warranty, Aftersales & Aftercare Services Network to contribute to a facilitated Club Study on April 18-19. 

The facilitated benchmarking event will take place at Cole Engineering Center, Warren Michigan and include a tour of their Warranty Parts Center and a networking dinner.   

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Marcone Adds Speed Queen Repair Products

Next-day parts now available for both residential and commercial use

St. Louis, MO (March 18, 2024) – Marcone announced today the addition of Speed Queen commercial repair parts to its product portfolio, further extending its leadership as one of North America’s largest distributors of appliance, HVAC, commercial kitchen, plumbing and pool/spa equipment, repair parts and solutions.

Mymarcone.com now features 170 Speed Queen parts designed for specialized commercial through retail equipment. The offering supplements Marcone’s existing Speed Queen residential solutions.

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Boat OEMs Use Product Warranty Insurance to Offer Longer Limited Warranties

Boat OEMs Use Product Warranty Insurance to Offer Longer Limited Warranties During Special Events or Promotions.

For a single, one-time cost, an OEM can extend their limited warranty and retain the original term, transfer the risk for the extended term to a carrier, and eliminate Balance Sheet Exposure.

It’s completely transparent to the customer but makes accounting for variable terms simple.

Contact https://meramecsecure.com for more information.

OEMs Use Warranty for Differentiation

OEMs are increasingly looking for ways to differentiate their products from competitors, including offering longer warranties.

Using embedded insurance to transfer a portion of a Limited Warranty is a perfect solution, and the OEM can obtain the coverage directly from a carrier without outsourcing administration or file processing and incurring the associated costs.

Meramec Secure can help build a direct solution.  https://meramecsecure.com 

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