Archive | P&A News

Survey: Consumers Won’t Travel Far for Warranty Services

CAMBRIDGE, Mass. – CarGurus, an online automotive community, found in its latest survey that 59 percent of respondents are willing to travel an average of 125 miles to visit a dealer while shopping for a new car. Recent auto dealership closings do not appear to be an issue affecting consumer automotive shopping behavior and sales. … Read More »

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Protective Selects Ristken as F&I Menu Provider for Auto Dealerships

DALLAS – The Asset Protection Division of Protective Life has chosen Ristken Software Services and its automotive menu software to support the dealership F&I departments Protective serves. Protective provides underwriting, administering and marketing products including extended service contracts, GAP coverage and credit insurance to automobile dealers. Ristken provides menu solutions for the retail automotive marketplace. … Read More »

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Virginia Surety Announces Underwriting and Actuarial Services Agreement with Preferred Warranties

CHICAGO – Virginia Surety Company, Inc., a unit of The Warranty Group, Inc., today announced an agreement with Preferred Warranties, Inc. (PWI), to provide underwriting and actuarial services for their automotive and powersport extended service plans. “Virginia Surety Company selectively targets third-party administrators, and we are excited about our partnership with Preferred Warranties,” said Mike … Read More »

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SCS Auto Fully Integrates with Wright Express Credit Card System

CHICAGO – F&I Administration Solutions has partnered with Wright Express Corp. to integrate their two leading products: SCS Auto and the Wright Express corporate branded MasterCard. Administrators of service contracts and other products who use the SCS Auto platform will be able to automatically issue, fund and reconcile credit card payments without leaving the SCS … Read More »

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GMAC Names New CEO; Michael A. Carpenter Will Lead Next Phase Of Renewal

NEW YORK – The Board of Directors of GMAC Financial Services (GMAC) today named Michael A. Carpenter, a board member with extensive financial services experience, chief executive officer. The board has given Carpenter the responsibility to accelerate the strategic and operational changes necessary to focus GMAC on its core auto finance and related businesses. Franklin … Read More »

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Assurant Solutions Names Bill Bracken to Lead Automotive Retail Sales and Marketing Group

ATLANTA — Assurant Solutions’ vehicle service contract business promoted Bill Bracken to national director of dealer sales. In his new role, Bracken will be responsible for the Assurant’s dealer retail sales and marketing, which include vehicle service contracts and ancillary products. Jimmy Atkinson, senior vice president and general manager of Assurant Solutions vehicle service contract … Read More »

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