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ADAS Analysis from LexisNexis Risk Solutions Sets Record Straight on U.S. Auto Claims Severity

Advanced Driver Assistance Systems equate to loss cost reductions, underscoring the need for VIN-level feature information to improve policy rating.

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John Sopocy promoted to President of VAS

Longtime VAS President Bill Breindel will remain on board as CEO and Chairman, but says Sopocy will take over the day-to-day leadership.

Found Money

New CFPB guidance should inspire agents and dealers to look for unearned premiums from total losses, repossessions, and early payoffs.

CNA National Appoints New Vice President of Claims

SCOTTSDALE, Ariz.—CNA National is pleased to announce that, effective April 1, Mike Bacosa has been promoted to vice president of claims. Bacosa is a long-time member of CNAN with over 20 years in the Claims Department. For the past seven years, he led CNAN’s claims organization as its senior manager and has held many other ... Read More »

Mechanical Breakdown Protection, Inc. (MBPI) Launches New 3-in-1 Product

Lee’s Summit, MO – Mechanical Breakdown Protection, Inc. (MBPI), a top rated administrator, has released a new product that will increase dealer penetration and revenue due to major lender product requirements and lender approvals. This product was specifically designed and released for lenders that will not accept more than a three product package. Coverage Includes: Tire ... Read More »

MBPI Launches Phone App

LEE’S SUMMIT, MO – Mechanical Breakdown Protection, Inc. (MBPI), an extended vehicle service contract administrator, has released a new mobile application for Apple and Android devices. The introduction of this free app will improve customer service while also enhancing agent and dealer communication. Customers and agents will be able to download the MBPI app in seconds, ... Read More »

EFG Companies Pushes the Industry Again with Technology Innovation

DALLAS – EFG Companies, the innovator behind the award-winning Hyundai Assurance program, today launched Parts Wizard, a new technology platform that reduces dealer reinsurance exposure, streamlines claims administration and increases customer satisfaction. For more information about EFG’s claims administration, visit: http://bit.ly/EFGAdmin EFG’s Parts Wizard automates the manual process of sourcing OEM, aftermarket, remanufacturered, and used ... Read More »

GWC Warranty Surpasses $375 Million in Claims Paid

WILKES-BARRE, Penn. – GWC Warranty, the best-in-class provider of used vehicle service contracts and related finance and insurance products sold through automotive dealers, has successfully topped $375 million in claims paid to date. “Surpassing $375 million in claims is an important milestone for GWC,” said Rob Glander, CEO and President of GWC Warranty. “Our slogan is ... Read More »

Maximus Auto Group Releases App, Expanded Online Service

LOUISVILLE, Ky. — Maximus Auto Group (MAG) has announced the release of its new MyCar Mobile app for iPhone and Android, a new online claim-filing system and e-contracting for its customers. With these new tools, MAG, a national administrator that provides automotive protection plans for cars nationwide, is connecting its services to customers via smartphones. ... Read More »

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RoadVantage Takes a Fresh Approach to F&I Through New “True Coverage” Offering

AUSTIN, Texas – RoadVantage, a leading provider of progressive F&I programs for the automotive industry, today announced True Coverage, a fresh approach to F&I that simplifies contract language and dramatically reduces the exclusions that typically cause claims headaches for dealerships and their customers. With True Coverage, RoadVantage’s Tire & Wheel programs are now the first ... Read More »

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