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GAP

Report: GAP Claim Payouts Are Accelerating

Protective Asset Protection analysts say GAP claim payouts rose by 19.5% for new vehicles and an astounding 95% for used vehicles between 2014 and 2018.

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CNA National Named Top Provider for 14th Year in a Row

SCOTTSDALE, Ariz. – CNA National (CNAN) has been named a leading provider for the 14th consecutive year. In the 2018 Dealers’ Choice Awards, the company earned a first-place Diamond award for “Service Contract Provider” and a second-place Platinum award for “Reinsurance Provider.” Dealers have voted the company number one every year since the competition began ... Read More »

CNA National Distributed More Than $41M to Dealers in 2017

SCOTTSDALE, Ariz. — CNA National Warranty Corp. (CNAN) returned more than $41 million to dealers across the United States last year through its various participation programs, bringing its inception-to-date total to more than $452 million. “This marks the third consecutive year that we have paid out more than $40 million to our dealers,” said CNAN ... Read More »

Wise F&I has Connected with MaximTrak

ST. LOUIS – Wise F&I, a long standing company in the automotive finance and insurance market, has a full suite of voluntary protection products available through MaximTrak, A RouteOne Company. MaximTrak offers a highly customizable all-in-one F&I menu platform and streamlines access to Wise F&I products for their mutual automotive dealers. Access to Wise F&I’s full ... Read More »

CNA National Distributes Over $40 Million for Dealer Participation Plans for 2016

SCOTTSDALE, Ariz.—CNA National Warranty Corporation (CNAN) returned over $40 million to automobile dealers across the U.S. through its various participation plans for 2016. This brings its inception-to-date total to more than $424 million. “Over the past five years, we’ve seen a significant increase in returns,” says Joe Becker, president and chief executive officer. “This performance ... Read More »

Wise F&I Integrates with OptionSoft Technologies

St. Louis, Mo.  – Wise F&I is a leading finance and insurance product provider connecting automotive dealers to their products through menu integration. The recent integration with OptionSoft Technologies allows dealers to access of Wise F&I products through one of the leading menu providers in the automotive software industry. Wise F&I has its full suite ... Read More »

AFIP’s Robertson Joins PALS Roster

LAS VEGAS — Organizers of the annual P&A Leadership Summit have announced that David Robertson, longtime executive director of the Association of Finance & Insurance Professionals (AFIP), will serve as a featured speaker at the event, which is scheduled for Aug. 30–31 at Paris Las Vegas. “In his training, Dave’s primary focus is on personal ... Read More »

PALS Early Bird Pricing Expires Tomorrow

LAS VEGAS — The $100 early-bird registration discount for the upcoming P&A Leadership Summit ends at midnight Friday, organizers announced today. The event will be held Aug. 30–31 at Paris Las Vegas. The P&A Leadership Summit is the industry’s only event designed to meet the specific needs of high-ranking executives in the F&I industry. This ... Read More »

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 ... Read More »

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CFPB Accuses ‘One or More’ Finance Sources of Deceptive GAP Ads, Payment Deferral Offers

WASHINGTON, D.C. — In its summer edition of Supervisory Highlights, the Consumer Financial Protection Bureau accused one or more finance sources of being deceptive in their advertisements of GAP and in the way they disclose payment deferral terms. According to the report, the GAP advertisements gave the impression that the product fully covered the remaining balance ... Read More »

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