car dealers News

Risk Point, LLC Seeks Agents for New Auto Dealer Physical Damage Program

New managing general agency Risk Point, LLC, is now accepting applications from independent agents and brokers throughout the United States to provide automobile dealer physical damage coverage for qualified franchised and non-franchised dealerships. Risk Point’s vehicle inventory program is available …

President Obama Signs Bill Repealing Car Dealer Insurance Requirement

President Barack Obama has signed a law repealing an outdated requirement that car dealerships keep on hand an information booklet about insurance. The bipartisan legislation, H.R. 5859, passed the Senate in December by unanimous consent after the House passed it …

Congress Repeals Insurance Booklet Mandate at Car Dealerships

The U.S. Senate has approved legislation that would eliminate the requirement that new-car dealerships keep on hand an information booklet about insurance. The bi-partisan legislation, H.R. 5859, endorsed by the National Automobile Dealers Association, passed the House in late July …

XL Insurance, All Risks Form Underwriting Agreement for Open Lot Dealers Program

XL Insurance, the global insurance underwriting operations of XL Group and All Risks, Ltd., have formed a new joint underwriting agreement to offer a dealers open lot program, providing physical damage insurance coverage for  dealerships nationwide. All Risks’ Dealers Open …

Study Finds Auto Insurance and Services Add Profits for Car Makers, Dealers

Sales by car manufacturers and dealers of additional services to car buyers may mean the difference between profit and loss. A new study from the financial market research group Finaccord concluded that sales of “motor [auto] insurance, extended warranties, pre-paid …