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Newsby AE eMagazineAugust 23, 2017

AmTrust Names Jackie Banks Vice President of Reinsurance for Special Risk Division

NEW YORK — AmTrust Financial Services Inc. today announced that Jackie Banks, an experienced F&I industry executive, has joined the company as vice president of reinsurance for its Special Risk division. She will be responsible for all aspects of reinsurance for the division, including sales support, training and development of staff, as well as general ... Read More »

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Newsby AE eMagazineAugust 23, 2017

TransUnion: Auto Originations Fall for Third Consecutive Quarter

CHICAGO — Subprime originations registered their first decline since 2012, according to TransUnion’s quarterly Industry Insights Report. It found that 4.63 million subprime consumers originated an auto loan or lease, personal loan, or credit card in the first quarter, down from 4.89 million in the first quarter of 2016. The firm attributed the decline to ... Read More »

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Newsby AE eMagazineAugust 23, 2017

‘Total Loss Protection’ at Center of NY Dealer’s $298K Settlement With State AG

ALBANY, N.Y. — Nissan of New Rochelle will pay more than $298,000 to settle claims that the dealership willfully defrauded 298 car buyers of a total of $276,127 by tacking on a window-etch program that included a “Total Loss Protection” benefit after customers had agreed to a price for the vehicle and often without their ... Read More »

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Newsby AE eMagazineAugust 21, 2017

David Hunter joins ADG/EasyCare as an F&I Specialist

Automotive Development Group (ADG)/EasyCare announced that David Hunter has joined the company as an F&I specialist. His duties include in-dealership F&I training and consulting. “David’s extensive industry experience and academic credentials are a powerful combination,” said Greg English, president of ADG. “We have nothing but the highest expectations for his success, and that of the ... Read More »

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Newsby AE eMagazineAugust 16, 2017

CNA National Welcomes New CIO

SCOTTSDALE, Ariz. — CNA National Warranty Corporation (CNAN) is pleased to announce that Jim Lee has joined the company as its new chief information officer, effective Aug. 7. “With a wealth of experience in both information technology and business leadership, Jim has the right combination of skills to help CNA National as we continue to ... Read More »

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