Tag Archive | "Allstate Dealer Services"

Lori Hallissey Named Chief Operating Officer at Portfolio

LAKE FOREST, Calif. – Portfolio, a leading reinsurance program manager for automotive dealers, has named Lori Hallissey Chief Operating Officer effective October 3rd. As part of the senior management team, she will be responsible for all Portfolio operations including contract processing, claims management and Information Technology, with six directors and managers reporting to her directly. Hallissey will report to the President and CEO, Brent Griggs.

“I have known Lori for over 20 years and she has impressed me at every turn,” observed Griggs. “She brings expertise, drive and a hands-on approach to her responsibilities. She is also very personable, which fits with the Portfolio corporate culture of being a fun but focused place to work. All of the stakeholders in Portfolio- dealers, consumers, agents, and employees- will benefit from having Lori in this key position.”

Hallissey remarked, “Portfolio may be the single most dynamic and exciting company in our industry. Their growth over the past six years has been remarkable, and makes me want to contribute my best to the company’s ongoing success. I look forward to working with all the teams to assist in taking the company to the next level.”

Hallissey will be based in the Lake Forest, CA office of Portfolio. She joins Portfolio after having served as Vice President of Operations and Customer Experience at Allstate Dealers Services in Jacksonville, FL, leading a team of 75 that managed all aspects of VSC, GAP and ancillary product administration for both new business and in-force business.

Prior to Allstate, she was Senior Vice President of Administration for the Asset Protection Division of Protective Life in Bannockburn, IL. She led core teams totaling 210 employees in administering new and in-force business, technology conversions, vendor selection and implementation, tier one web support, customer service, and all claims activities. During this time she helped to integrate and administer business related to four acquisitions.

Hallissey began her career in 1989 at OwnerCare, a multi-state dealer services general agency acquired by Protective during her tenure, and is a graduate of North Park University in Chicago. She has been a speaker and panelist at numerous industry conferences, including the Vehicles Service Contract Administrators Conference (VSCAC) and Providers & Administrators Leadership Summit (PALS).

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Bowron, Stoll to Close the GAP at PALS 2016

LAS VEGAS — Actuarial experts Lee Bowron of Kerper Bowron LLC and Chris Stoll of Allstate Dealer Services will co-host a discussion about GAP losses at the upcoming P&A Leadership Summit, organizers announced Monday. The two-day event begins on Tuesday, Aug. 30, at Paris Las Vegas.

The highly anticipated session, “Current Trends Affecting GAP Losses,” will begin at 4:10 p.m. on Tuesday, Aug. 30.

“We look forward to discussing factors that are impacting GAP results, such as financing trends, used-car prices and instabilities in the underlying private passenger insurance market,” Bowron said.

“Lee and Chris bring years of experience and hard-won expertise to our event,” said David Gesualdo, show chair and publisher of P&A magazine. “It’s an important topic, and we simply could not have asked for a more qualified duo to take it on.”

Registration for the 2016 P&A Leadership Summit is open now. Attendees who register by August 5 will save $100. To inquire about sponsorship and exhibition opportunities, contact David Gesualdo via email hidden; JavaScript is required or at 727-947-4027.

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APT’s Pazik to Helm Agent Summit Tech Panel

LAS VEGAS — Organizers of Agent Summit have announced that Randy Pazik, president of Accelerated Profit Technologies, will lead a panel dedicated to new technology at the event, which will be held May 9–11, 2016, at the Venetian Palazzo Las Vegas.

“The flood of new technology into the dealer and agent segments can at times be overwhelming, but it can’t be ignored,” said David Gesualdo, show chair and publisher of Agent Entrepreneur andF&I and Showroom. “We are counting on Randy and his team to help us sort through the wealth of new developments and focus on the ones that drive F&I product sales.”

The panel, “Technology on the Move — New Horizons” will begin at 4:45 p.m. on Monday, May 9. Pazik will be joined by Thomas Elliott, executive vice president of StoneEagle; Kumar Kathinokkula, COO of F&I Administration Solutions; Tony Luciano, vice president of information technology for Allstate Dealer Services; Jim Maxim Jr., president and CEO of MaximTrak; and Carrie Profaizer, vice president of information technology and division CIO for Protective Asset Protection.

Pazik pledged to challenge his panelists to reveal not only what they are working on and have brought to market but how their solutions are performing in the real world.

“What the agents in attendance get out of this session depends on the questions we ask,” Pazik said. “How do agents, dealers and customers — particularly Millennial customers — interact and respond to new technology? I want to know what these providers are doing to make sure their products are relevant to the market.”

Registration for Agent Summit is now open at the event’s website as well as by phone, fax and email. Attendees who register by April 4 will enjoy a $100 discount. To inquire about sponsorship and exhibition opportunities, contact Eric Gesualdo via email hidden; JavaScript is required or call 727-612-8826.

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‘Govern or Be Governed’ Panel Takes Shape

LAS VEGAS — Organizers of the annual P&A Leadership Summit have announced the members of the first of three panel discussions at this year’s event, which will be held Sept. 9–10 at Paris Las Vegas.

“Govern or Be Governed” will be staffed by executives from several of the industry’s leading F&I product providers. Steve Amos, president of GSFSGroup, will join David DeCredico, senior vice president of business development at EasyCare, Doug Frey, executive vice president and COO of Allstate Dealer Services, Mark Macek, president of United States Warranty Corp., and Kelly Price, president of National Automotive Experts. Tim Meenan, an attorney and managing partner of Meenan PA, will serve as moderator.

“With Tim Meenan at the helm of an all-star team of thought leaders from the provider segment, expectations are high,” said David Gesualdo, show chair and publisher of F&I and Showroom and P&A magazines. “This panel understands that the threat of perpetually stricter rules and regulations affects them as well as agents and dealers.”

The discussion is expected to address the lack of guidance from the Consumer Financial Protection Bureau (CFPB) in the insurance space and how self-governance, such as consistent pricing of F&I products and caps on markups, could help keep regulators from taking an active interest in the segment.

Registration for the P&A Leadership Summit is open now. Attendees who register by Aug. 7 will enjoy a $100 early-bird discount. More information, including additional speakers and travel, is available at the event’s website. To inquire about sponsorship or exhibition opportunities, contact David Gesualdo via email hidden; JavaScript is required or call 727-947-4027.


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Automotive Assurance Group Expands into Florida

PONTE VEDRA, Fla. — F&I product provider Automotive Assurance Group, a Georgia based company, has expanded, opening an office in Ponte Vedra Beach, Fla.

Citing growing demand in the Southeastern United States and increased dealings in Florida, Automotive Assurance Group’s new office will better meet the needs of their automobile dealer clients with expanded service and reach, officials said.

“We are thrilled to officially have roots in Florida, an area booming for the auto industry. Many of our dealer groups have interests in and around the Jacksonville area,” said Nick D’Amico, president of Automotive Assurance Group. “This additional location will allow us to better serve their needs and maintain our focus of providing excellent service and customized strategies for our clients.”

Allstate Dealer Services, one of Automotive Assurance Group’s premier providers, is headquartered minutes away in Jacksonville. “We are extremely excited about the opening of the new Automotive Assurance Ponte Vedra location and look forward to working closely with their team to expand the Allstate Dealer Services footprint in the North Florida area,” said Peter Chafetz, vice president of sales for Allstate Dealer Services.

Florida maintains a multi-billion dollar auto retail industry with approximately 853 new car dealerships throughout the state. The new office, located just 20 minutes outside of Jacksonville, Fla., is an up and coming area and central location that will allow for easy reach to an international airport as well as being a close commute to Central and Southern Florida.

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Feldman Joins Spencer Re from Allstate Dealer Services

NEW YORK — Spencer Re, a Spencer Capital Holdings company, today announced that Brian Feldman has joined the firm as executive vice president.

“We are excited to welcome Brian to Spencer Re. His diverse F&I experience brings a unique understanding of the business to the firm,” said Ken Shubin Stein, chairman of Spencer Capital Holdings. “Brian’s success in capturing, managing and retaining profitable long term programs and relationships will surely complement and bolster Spencer Re’s offering.”

Feldman joins Spencer Re from Allstate Dealer Services where he most recently held the role of National Sales Leader responsible for Allstate’s F&I business with large organizations, including automotive manufactures and their finance captives. He also led the team that successfully developed new F&I products that launched Allstate into the ancillary F&I marketplace and diversified Allstate’s F&I product portfolio.

Prior to Allstate, Feldman was a Reinsurance Specialist at GMAC Insurance and Vice President/Chief Compliance Officer for GMAC Securities. During his time at GMAC Insurance, he held several roles related to the F&I product lifecycle including claim management, product and program development, analysis, reinsurance and sales.

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