Tag Archives: Service Contract

Arch Insurance Announces Entry Into Consumer Product and Home Warranty Markets

Offering provides unique North American insurance and obligor solutions including custom underwriting, data analytics and full compliance support

Arch Insurance today announced its entry into the Consumer Product and Home Warranty markets. With this offering, Arch will focus on its “underwriting only” partnership approach for original equipment manufacturers (OEM), third party administrators, obligors and insurtechs by providing underwriting, compliance, data analytics and nationwide obligor access.

Full Release: https://www.businesswire.com/news/home/20210107005525/en/Arch-Insurance-Announces-Entry-Into-Consumer-Product-and-Home-Warranty-Markets

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Bruviti’s New SmartService Pack Reduces Service Costs for Home and Extended Warranty Companies

November 17, 2020

Latest AI-powered predictive service application is optimized for the needs of extended warranty companies, home warranty companies and their service contractor networks looking to improve the service experience for the consumer while reducing service costs

CAMPBELL, Calif. —November 17, 2020— Bruviti, a provider of AI-driven predictive analytics applications for manufacturers of appliances and commercial equipment, announced the availability of the Bruviti SmartService Pack for Home Appliances. This new offering synthesizes Bruviti’s extensive home appliance diagnostic and repair knowledge into a comprehensive AI-powered application that enables service contract providers such as extended warranty companies and home warranty companies to quickly diagnose and fix home appliances while reducing costs.

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Consumer Reports Once Again Dismisses Extended Warranties

Never a fan of Extended Warranties (Service Contracts), Consumer Reports once again published an article against buying Extended Warranties.

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To Buy a Service Contract or Not to Buy a Service Contract – That’s the Question

To Buy a Service Contract or Not to Buy a Service Contract – That’s the Question

Should you buy an extended warranty?

Although it is tempting to want to protect yourself, you need to consider if the cost is worth the protection these warranties provide

Source:  http://www.azcentral.com/story/money/business/contributor/2016/06/06/should-you-buy-extended-warranty/85283922/

Ohio Consumer Goods Service Contract Reimbursement Insurance Policy Requirement

This is a requirement in Ohio that can be missed by a service contract provider for consumer goods service contracts.  

Note item (B) related to the Reimbursement Insurance Policy requirement if a service contract on consumer goods covers power surges or accidental damage. (see below)

3905.423 Consumer goods contracts to be covered by reimbursement insurance. Continue reading →

Intact Insurance acquires Comerco Services

Intact Financial Corp. has acquired a majority stake in Canadian service contract provider Comerco Services.

Full Article:  http://www.furnituretoday.com/article/522690-intact-insurance-acquires-comerco-services

Cisco buys cloud-based contract administrator – MaintenanceNet

$139M nets MaintenanceNet, which automates service contract renewals.

Full Article:  http://www.networkworld.com/article/2944756/cloud-computing/cisco-buys-cloud-based-contract-administrator.html

Fortegra Financial Unifies Existing Divisions into a Single Marketing Brand

Insurance services company unifies existing brands in order to maximize customer benefits and optimize their experience.

Full Press Release:  http://www.businesswire.com/news/home/20150106005440/en/Fortegra-Financial-Unifies-Existing-Divisions-Single-Marketing#.VK1CJIrF87O