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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…
New Vehicle Loans Rise as Used Vehicle Loans Decline
Over the last three quarters, new vehicle loans have steadily increased, showing signs of a recovering market, while used vehicle loans have experienced consistent declines over the past two years. As new vehicles require larger…
Resilient Economy Meets Housing Challenges: How High Mortgage Rates and Inflation are Shaping the Market in 2024
The housing and mortgage markets, continue to face significant challenges. As of September, average mortgage rates remain high at 5.47% for 15-year loans and 6.35% for 30-year loans. Although these rates have decreased from over…
Understanding Insurance Structures: Key Differences Among IMOs, FMOs, NMOs, MGAs, and GAs
There are a lot of acronyms in insurance. Understanding the distinctions between IMOs, FMOs, NMOs, MGAs, and GAs is essential for navigating the industry effectively. IMOs (Independent Marketing Organizations) focus on recruiting agents and providing…
