After a three-month pilot program, F&I product provider EFG Cos. is debuting its first mileage service contract to knit coverage more closely to customers’ driving habits. Complex underwriting strategies delayed the launch of the product, which EFG believes may be the first of its kind. The product, called the Motorist …
Read More »Insurance provider Assurant acquires Texas-based competitor
Assurant, a global insurance provider that furnishes finance-and-insurance products for the automotive industry, has acquired F&I product and training company American Financial & Automotive Services in a $ 158 million deal. The move further consolidates the F&I product industry, which has seen notable merger and acquisition activity in the past …
Read More »F&I provider relaunches Recession-era product during COVID-19
EFG Cos., the finance-and-insurance product provider that backed the Hyundai Assurance Program during the Great Recession, is relaunching its program that covers the negative equity of a vehicle returned because of an unexpected job loss. The move is among many strategies auto finance companies are employing to generate dealership traffic …
Read More »USAA Vs State Farm: Which Is The Best Provider In 2020?
Advertiser Disclosure USAA and State Farm are two of the top choices for auto insurance nationwide, but which is right for you? In this review, we will compare USAA vs State Farm coverage, cost, discounts, and more to help you decide where you should go for your next car insurance …
Read More »F&I provider AUL focused on automation, customer service in 2020
AUL Corp., one of the nation’s leading finance and insurance product providers, plans to grow market share this year by automating processes to relieve underwriting tasks from employees and bolstering its customer service efforts. Both changes reflect a growing trend of F&I companies to undertake consumer-facing initiatives. Jose Fleites, COO …
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