Three insurers that paid more than $1 million in auto and property damage claims to a New York couple and their homeowners association are attempting to recover the payments from the giant car maker and local dealership. The claims stemmed …
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President Barack Obama has signed a law repealing an outdated requirement that car dealerships keep on hand an information booklet about insurance.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 …
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, 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 …
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 …
