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.
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
Florida Needs More 鈥� Much More 鈥� Wind Mitigation, Say Experts at OIR Summit 
Vehicle Complexity Complicates Auto Valuation, Says JD Power 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
