Tag Archives: Vehicle Service Contract

Meramec Secure Announces New Relationship with a Leading Insurance Platform

Meramec Secure Adds Homeowner and Automobile P&C Insurance Solutions for D2C Home Warranty and Auto Service Contract Sellers

Chicago, IL, February 12, 2024 – Meramec Secure, a nationwide designer and producer of specialty insurance and service contract solutions, has recently announced a new strategic relationship with a leading insurance platform. 

This relationship provides access to products from multiple property and casualty insurance carriers.  It is designed to generate cross-sales of auto and home insurance coverage for direct-to-consumer auto and home service contract shoppers via automated API, warm transfer, or web-based solutions.

If a consumer is shopping for a service contract for their auto or home, they will also need property and casualty insurance; it’s that simple.

President of Meramec Secure, Mike Frosch, said: “We are excited to announce this new program we have added to our existing solutions for service contract sellers and providers. Our primary goal is to help our clients acquire new customers, retain existing ones, and increase their revenue with innovative products and solutions. This program is an excellent example of how Meramec Secure helps enhance the value of the service contract sellers while potentially helping consumers save a significant amount on their current insurance.”

Meramec Secure has established strong relationships in every product segment within the service contract industry.  Meramec Secure collaborates with carriers, marketers, and product companies to develop new solutions for each vertical segment, leveraging optional revenue-producing products, embedded enhancement products, or service contract and warranty insurance policies.

About Meramec Secure

Meramec Secure is a nationwide designer and producer of specialty insurance and service contract solutions and services to assist companies in sourcing or building new specialty insurance, service contract, and warranty products and programs.

Meramec Secure supports contractual liability insurance policies, service contract reimbursement insurance policies, product warranty insurance, auto deductible reimbursement insurance, home deductible reimbursement insurance, shipping insurance, home warranty, and limited and extended warranty solutions for appliance, automotive, electronics, marine, IoT, and other product categories.

Contact Meramec Secure for more information.

Mike Frosch, President

email:       [email protected]

web:          https://meramecsecure.com

Vehicle Service and Warranty Lifecycle Summit

Reshaping Your Warranty and Aftercare End-To-End Experiences

October 24 – 25, 2023 | Dearborn, MI

MAPconnected’s Summit unites the Warranty & Aftercare Value Chain and is designed as an annual platform to exchange ideas to optimize costs, enhance customer satisfaction and ensure continuous improvement.

This year’s Summit creates an opportunity to examine key case studies around integrating, analyzing and actioning data by harnessing best-in-class organizational processes and the latest technology innovations. Network with over 200 of your peers, engage with leading tech expo innovators come away with invaluable learnings and easily implementable strategies that will streamline and strengthen your warranty lifecycle roadmap.

Download the latest Brochure for full details:


Portfolio Wins 3rd Straight DCA Diamond

Dealers ranked Portfolio as the nation’s No. 1 reinsurance provider in the 2023 Dealers’ Choice Awards, the company’s third straight Diamond award and 10th category win.

LAKE FOREST, Calif. — Aug. 2, 2023 — For the third straight year and 10th time overall, Portfolio won the first-place Diamond award for Reinsurance & Participation in the annual Dealers’ Choice Awards.

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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/

LegalEase Launches iPAT AI Tool for Managing Automotive Warranty Litigation in California

Company to demo product at upcoming MAPConnected warranty roundtable

ANN ARBOR, Mich. (October 4, 2021) — LegalEase Solutions LLC, which provides customized legal solutions for corporations, in-house legal departments and law firms, has launched iPAT for the automotive OEM market. Developed by a team of attorneys and data scientists at LegalEase in partnership with Felix AI, iPAT leverages historical data, artificial intelligence (AI) and predictive analytics to predict case outcomes, value cases and analyze buy-back eligibility of vehicles, to help OEM’s resolve warranty/lemon law claims more accurately, quickly and at a significantly lower cost. 

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CA Department of Insurance orders consumer refunds from illegal sales of extended vehicle warranties

A Department of Insurance investigation that found a company was illegally selling vehicle service contracts, or “extended warranties,” has led to an order requiring it to refund consumers and dissolve its operations.

Full Release: http://www.insurance.ca.gov/0400-news/0100-press-releases/2021/release059-2021.cfm

Pennsylvania AG Shapiro Suing Delta Auto Protect to Get Money Back for Consumers in Repair Scam

Attorney General Josh Shapiro announced that his Office has filed a civil lawsuit against extended automobile warranty company Delta Auto Protect to get money back for consumers and repair shops…

Full Article https://www.attorneygeneral.gov/taking-action/press-releases/ag-shapiro-suing-delta-auto-protect-to-get-money-back-for-consumers-in-repair-scam/