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Judges Argue Legal Finance Disclosure is Unnecessary for Justice
At the ILFA 2024 conference, a panel of judges emphasized that mandatory legal finance disclosure is unnecessary and could harm litigation efficiency. Judges highlighted that such disclosure rarely addresses conflicts of interest and disrupts case…
Complex Warranty Claim Processing Drives 3rd Party Growth
A recent study by WarrCloud shows the cost of processing new auto warranty claims increased by 28% since 2020. Processing a single claim now takes 47% more time, with dealerships seeing a 17% rise in…
Rate Cuts and Economic Relief Create Opportunity for Home Service Providers
Jobber’s 2024 Q2 Home Service Economic Report highlights that the Home Service industry experienced modest growth, primarily driven by an increase in average invoice size. The industry is expected to grow in the second half…
Carbon Credit Warranties Introduced to the Warranty Industry
Howden has launched the first Carbon Credits Warranty and Indemnity insurance policy in the warranty industry, covering the sale of carbon credits for a reforestation project in Ghana by Mere Plantations. This policy enhances trust…
Driving Dealer Profitability
With finance reserve income down nearly 5% since 2019 due to rising interest rates and increased manufacturer incentives, dealers must focus on protection products to maintain profitability. F&I PVR is rebounding, with Q2 2024 outperforming…
