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S.C. Places Capital Assurance Risk Retention Group in Receivership

Southeast News • November 16, 2007
The South Carolina Department of Insurance placed Capital Assurance Risk Retention Group (CARRG) in receivership for the purposes of rehabilitation. On Oct. 31, the Richland County Court of ...

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Subject: RE: Payment/Non-Payment Update

Posted On: September 22, 2008, 9:27 pm CDT
Posted By: Joyce
Comment:
We bought a 2004 Ford Free Star Van in 2005. Also puchased an extended warranty that covered bumper to bumper for 70,000 miles or so.
This car was sold by Paramount Volvo Co., Hickory, NC. About a year 1/2 later, the owner sold this dealership but remains in town; owning Paramount KIA.
Our problem is with the ABS/TRAC Control Braker System (serious business for a big vehicle). We had a repair to this brake syster a yr. later Oct.2006; wasn't covered by warrenty.
Then Jan. 2008 we had the whole ABS/TRAC control system replaced;covered by warranty but cost us out of pocket $1596.00.....no compensation for this.
2nd time ABS system went out July 2008;dealer replaced no charge but trouble with bleeding brakes.
WAIT.........Sept.10th ABS system out again .....this makes THIRD time. No charge but car is still in service shop today Sept 18th.........3 Times......
Had one call from Paramount KIA in June and have heard nothing since then. No hint of re-imbursement but mentioned pro rating and canceling Extended Warranty Contract. We are still paying Sun Trust Bank our car payments, which includes the warranty amount.

I WISH SOMEONE KNEW HOW TO START A CLASS ACTION SUIT FOR ALL OF US.

This is what happened to the Stock Market.
Have you read why the warranty companies didn't have the money to pay their claims, if not please read it online.
We are 70/71 yrs old and live on fixed income.
I wrote the website and received a reply a while back; short of hiring an attorney we cannot advise you on action.

Thanks for listening. Good Luck to all of us. Currently dealer has loaned us a rental car at small chg.
Joyce
Subject Posted By Posted On
Any Updates to Receivership Efforts? Rosanne
Oct 15, 2009, 2:32 pm
unpaid claim Jim Armstrong
Jul 21, 2009, 1:54 pm
RE: Dealer responsibility Sharon Johnson
Jul 21, 2009, 12:37 am
RE: RE: Unpaid Claim, scotty manns
Jul 13, 2009, 2:46 pm
RE: RE: RE: Unpaid Claim, Jim Armstrong
Mar 28, 2009, 2:13 pm
RE: RE: Unpaid Claim, ohio avalanche
Mar 28, 2009, 1:38 pm
RE: RE: Payment/Non-Payment Update RUSSELL LAWRY
Jan 11, 2009, 12:04 pm
RE: Ultimate Warranty Corp. lauri
Dec 31, 2008, 10:37 am
$4000.00 for what ? brenda
Dec 30, 2008, 4:47 pm
RE: Ultimate Joke Mark
Oct 20, 2008, 6:31 pm
RE: Payment/Non-Payment Update Joyce
Sep 22, 2008, 9:27 pm
RE: RE: unpaid claim les brewer
Jun 11, 2008, 10:46 am
unpaid claim Jim Armstrong
May 31, 2008, 6:53 pm
RE: Unpaid Claim, Don;'t cancell
May 28, 2008, 8:27 pm
RE: No Reimbursement yet Lynn Barnette
May 28, 2008, 12:23 pm
RE: unpaid claim Lloyd
May 16, 2008, 5:23 pm
extended warranty jamesb43
May 12, 2008, 3:40 pm
THIS IS BULL$#*% DANNY SPECKMAN
Apr 4, 2008, 5:39 pm
Ultimate Warranty Corp. Mary A Pence
Mar 30, 2008, 12:30 pm
Another unpaid claim.....F_CK!! Doug and Mandi LaPierre
Mar 13, 2008, 11:32 am
Payment/Non-Payment Update Missy
Mar 10, 2008, 12:00 pm
non-reimbursement Greg Zavala
Mar 4, 2008, 9:32 am
Unpaid claim Loretta
Mar 4, 2008, 7:35 am
RE: Unpaid Claim, cancelled policy Mike
Mar 2, 2008, 5:00 pm
unpaid claim Thomas Markland
Feb 26, 2008, 1:35 pm
RE: RE: unpaid claims LAURI
Feb 20, 2008, 9:38 am
Dealer responsibility Formler Dealer Employee
Feb 7, 2008, 12:46 pm
RE: Unpaid Claim, cancelled policy Raul & Kelly Hernandez
Feb 6, 2008, 5:53 pm
AM BEST RATING J WAGNER
Jan 31, 2008, 1:06 pm
Try This Just A Helper
Jan 24, 2008, 4:25 pm
unpaid claim B. Wilkerson
Jan 23, 2008, 8:21 pm
Thieves/Liars Mr. Pisstoff
Jan 11, 2008, 1:16 pm
RE: RE: Unpaid Claim Frank Bromley
Jan 7, 2008, 4:28 pm
RE: Unpaid Claim Mark
Jan 4, 2008, 7:21 pm
RE: unpaid claims Greg
Jan 3, 2008, 4:22 pm
Unpaid Claim Mark
Jan 2, 2008, 4:12 pm
RE: RE: Unpaid Claim, cancelled policy William Uhrig
Dec 26, 2007, 6:24 am
Unpaid claim Mike
Dec 5, 2007, 8:05 pm
RE: unpaid claims james worner
Dec 5, 2007, 11:14 am
unpaid claims james worner
Dec 5, 2007, 11:11 am
RE: Unpaid Claim, cancelled policy Debra
Dec 3, 2007, 10:18 am
Unpaid Claim, cancelled policy Vanessa
Nov 21, 2007, 12:51 pm
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