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Auto Dealer Monthly- John 'The F&I Professor' Vecchioni to Emcee Industry SummitAmerican Financial’s John Vecchioni will return to Industry Summit as the event’s master of ceremonies.
- SF Conference Returns to Industry SummitIndustry Summit will once again play host to the Special Finance Conference, the industry’s premier SF training event.
- Preparing for Hurricane SeasonHurricane season kicked off on June 1 for Florida and other states along the East Coast. Two accounting and financial planning experts offer tips on how to prepare for that and other natural disasters.
- Dealertrack to Open New HeadquartersDealertrack’s new, LEED-specified building will house 600-plus employees and an enviable range of amenities designed to promote productivity, health and wellness.
- Van Over to Serve as Luncheon Speaker at Compliance SummitVeteran trainer and compliance expert Gil Van Over will deliver a luncheon presentation dedicated to ‘Your Responsibilities’ at Dallas Compliance Summit in September.
- US Equity Advantage Earns Dealers’ Choice AwardUS Equity Advantage won the first-place Diamond award in the Biweekly Payments category for the third straight year.
- S&P/Experian: Concerns About Subprime Auto Bubble ‘Seem to Be Behind Us’Auto loan defaults fell to a 10-year low in May, squashing concerns about a forming subprime auto loan bubble. But not all consumer credit categories were a picture of health in May.
- Loyalty to Sedans Remains Strong as SUVs GrowJumpstart’s latest report shows loyalty to sedans continues to grow despite exponential gains in all SUV segments.
- F&I Futurist Tony Dupaquier Joins F&I Think Tank RosterThe Academy’s Tony Dupaquier will serve as emcee of F&I Think Tank, organizers announced this week. The trainer and F&I futurist will be responsible for guiding the discussions during the F&I 20 Group-like event.
- Swapalease: Lease Approval Rate Falls to Three-Year LowLease applicants registered a 48.1% approval rate, the lowest level since the car lease marketplace began tracking the stat in 2014. The firm explained that the rise in consumer interest for luxury SUVs is what’s driving the uptick in declines.
- John 'The F&I Professor' Vecchioni to Emcee Industry Summit
- Auto Rental News
- Sixt Opens Franchise Serving Indianapolis AirportSixt has opened a new franchise location serving customers at Indianapolis International Airport. Tom Wood Group is the franchisee of the new branch.
- New Weather App for Truck Drivers Boasts Aviation-Style ForecastingA new, trucking-focused app from the Weather Company provides accurate weather forecasts and real-time updates for 2.2-billion locations around the world every day, with vital data being refreshed every 15 minutes.
- Mex Rent A Car Launches in MoroccoMex Rent A Car has opened a new affiliate location at Marrakech Airport in Morocco. This is Mex’s first office in Africa.
- Europcar Group Acquires GoldcarEuropcar Group has announced the acquisition of Goldcar, a European-based low cost car rental company.
- Atlanta City Council Approves Rental Tax to Renovate Sports ComplexThe city of Atlanta will collect auto rental taxes through 2047 to help fund major upgrades to Philips, a downtown sports and entertainment complex, which includes Philips Arena.
- Uber Founder Resigns as CEOUber Founder Travis Kalanick has stepped down as the ride-hailing service's CEO after pressure from investors.
- Enterprise’s Nicholson Named in Glassdoor’s Top CEO ListEnterprise Holdings employees voted CEO Pam Nicholson in at No. 21, making her the highest-ranking woman among the 100 U.S. chief executives recognized by Glassdoor’s Employees’ Choice Awards.
- Maven Gig Expands to San FranciscoMaven Gig drivers are provided access to vehicles they can use for independent gigs, such as package delivery, food or grocery delivery, and ride sharing.
- Hertz Receives Corporate Responsibility AwardThis award honors organizations that demonstrate achievements and sustained commitment to the pursuit of corporate responsibility. Hertz currently has seven LEED green building program certified locations throughout the U.S.
- Enterprise CarShare Stops Service in ChicagoEnterprise’s carsharing service is no longer available in Chicago after theft and vandalism has caused a lack of available vehicles.
- Sixt Opens Franchise Serving Indianapolis Airport
- Insurance Journal
- Powered by Homegrown Insurtech, HCI to Expand Flood Insurance Sales to 9 StatesAs Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one Florida insurer isn’t waiting to wade deeper into the private flood insurance business. Florida-based HCI Group said it has …
- New York Woman, Three Others Charged with Killing Her MotherAuthorities say a 22-year-old New York woman and three other people have been charged in the killing of the woman’s mother for insurance money. The Wayne County Sheriff’s Office says the suspects include 52-year-old Julie Martin’s daughter, from Sodus, a …
- New Jersey Man Charged with Insurance Fraud, Theft by DeceptionA Middlesex County, N.J., man has been charged with insurance fraud and theft by deception for allegedly impersonating his deceased mother to obtain cheaper renters insurance under her senior-discounted policy and for falsifying claims for jewelry and other items stolen …
- As Agents’ Needs Change and Startups Emerge, Big ‘I’ Looks to Remain RelevantSpencer Houldin is chairman of the nation’s largest and oldest agents’ association, the Independent Insurance Agents and Brokers of America (Big “I”). He is also co-president of the family-run Ericson Insurance Advisors, an 80-year old agency serving the greater New …
- Planned Sale of Israel’s Phoenix Holdings to China’s Yango Is ScrappedIsraeli energy conglomerate Delek said its planned sale of a controlling stake in Israeli insurer Phoenix Holdings to China’s Fujian Yango Group has been called off by both sides after it failed to secure regulatory approval. It did not give …
- Whirlpool Fridge Started London’s Grenfell Tower Fire that Killed at Least 79A deadly fire that killed at least 79 people in a London tower block started in a Whirlpool Corp. fridge and spread at “unexpected speed” through the building’s exterior cladding, police said, indicating they’ll pursue charges if criminal offenses are …
- Everest Re Taps Hiscox’s Kelly to Lead International Casualty Facultative UnitEverest Re Group, Ltd. announced that Matthew Kelly has joined the group as vice president and head of the Reinsurance Division’s International Casualty Facultative unit and is based in Everest Re’s Miami Office. He will be responsible for worldwide casualty …
- Allianz Sells Private Bank OLB to Private Equity Firm Apollo for $336MGerman insurer Allianz said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank (OLB) to U.S. private equity firm Apollo for 300 million euros ($336 million). Apollo, which is consolidating the northern German banking market …
- General Motors Agrees to Settle Hundreds of Ignition LawsuitsGeneral Motors Co. has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows. Settlement terms are confidential, but the accord could also resolve hundreds of state court …
- Automakers Grapple with What To Do with Drivers in Autonomous VehiclesAutomakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems, like Tesla’s Autopilot, that allow drivers to take their hands off the wheel. …
- Powered by Homegrown Insurtech, HCI to Expand Flood Insurance Sales to 9 States
Monthly Archives: June 2010
Negotiated Medical Payments are Collateral Sources says Minnesota Supreme Court
In Swanson v. Brewster, Ct. File AO8-8O6, a decision of the Minnesota Supreme Court released on June 29, 2010, the court held that negotiated-discount amounts—amounts a plaintiff is billed by a medical provider but does not pay because the plaintiff’s … Continue reading
Posted in BAP, CGL, Coverage
Tagged CGL Coverage, Commercial Liability Coverage, Gregory J. Johnson, Insurance Law
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Lost Policies: Burdens of Proof
What happens when you cannot find an old liability insurance policy? Here’s a few ground rules. It is well established that the burden of demonstrating liability coverage rests upon the insured. See, e.g., Domtar, Inc. v. Niagara Fire Ins. Co., … Continue reading
Posted in BAP, CGL, Coverage
Tagged CGL Coverage, Commercial Liability Coverage, Gregory J. Johnson, Insurance Law, Lost Policies
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Pro-Rata Time on the Risk: An Insured’s Contribution Obligation
Wooddale Builders, Inc. v. Maryland Cas. Co., 722 N.W.2d 283 (Minn. 2006) is the leading construction defect case in Minnesota. The case involved several insurers (I represented West Bend) and over eighty separate water intrusion claims. In that case, the court recognized, … Continue reading
Can a Self-Insured Retention (“SIR”) Constitute “Insurance”?
Can a self-insured retention (“SIR”) or large deductible under one policy constitute “insurance” within the meaning of another insurer’s “other insurance” clause? This situation typically arises in cases where the mutual insured (1) is a named insured under a liability … Continue reading
Can a Claims Adjuster’s Conduct/Statements Bar an Insured’s Affirmative Defenses?
Can an insured be estopped to assert a statute of limitations defense based on the conduct or statements of a liability insurance claims adjuster? Possibly. It has been held that a liability insurer can act as the insured’s agent when adjusting claims arising … Continue reading
Posted in ADCF Policy, CGL, Coverage
Tagged CGL Coverage, Commercial Liability Coverage, Construction Defect, Insurance Law
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Minnesota Contractual Risk Transfer Materials (1/2009)
A contract is an agreement in which each party promises to do something for the other party. Usually, one party agrees to provide goods or services while the other party agrees to pay for those goods or services. Unfortunately, during … Continue reading
No CGL Coverage Where General Contractor Leaves in the Middle of Project
In Builders Mutual v. R Design, 2010 WL 2079741 (D.S.C.), a federal district court in South Carolina found no coverage exists under a CGL policy, despite “resulting damage,” when the general contractor performed faulty work and left in the middle of the … Continue reading
