Texas-based Warrantech Corporation, which administers service contracts and extended warranties for automobiles, recreational vehicles and other consumer products, announced its new reinsurance program targeting large automobile dealerships that launched in January 2002 is growing rapidly.
Under an agreement with Automotive Investment Group, a leading general agent on the East Coast, Warrantech began marketing the new reinsurance program on Jan. 1. To date, several clients have signed up for the extended warranty program, that is insured through Heritage Insurance Risk Retention Group.
As a result, new warranty contracts on this program are currently exceeding 2,000 contracts per month a 20 percent increase in business volume for Warrantech’s Automotive Division.
Topics Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
Trump’s Hormuz Assurances Are Only a Partial Fix, Shippers Say 
Lloyd’s Market Engaging With US Government Over Gulf Maritime Plan, Officials Say 
New York Taxi Insurer Failed to Defend Uber in Crash Cases, Judge Says 
Death and Destruction at Orlando I-4 Project But Punitive Damages Not Allowed 
