- Follow AUTO DEALER + COVERAGE BUZZ on WordPress.com
- Minnesota Auto Coverage: Supreme Court holds that Non-Licensed Insurers Must Pay Minnesota Benefits Too
- Minnesota First-Party Coverages: Recovering Consequential Damages in Addition to the Policy Benefits when the Insurer Declines or Unreasonably Delays Payment.
- Auto Coverage: Minnesota No-Fault Act Does not Apply to Out-of-State Insurers?
- Guest Article Jim Ragodna: Compliance vs. Ethics: The Lines are Getting Blurry in the Car Business
- The Liability Insurer’s “Hidden” Duty to Defend– the Obligation to Pay for its Insured’s Affirmative Claims.
DisclaimerThis blog is for informational purposes only. This may be considered attorney advertising in some states. The opinions on this blog do not reflect those of the author’s law firm or the author’s past and present clients. By reading it, no attorney-client relationship is formed. The law is constantly changing and is different in each jurisdiction. If you want legal advice, please consult an attorney. The opinions expressed here belong only to the individual contributor(s). Gregory J. Johnson © All rights reserved 2015.
Top Posts & Pages
- Leasing, Rentals and Vicarious Liability: An Overview of the Graves Amendment
- Yikes!! Self-Insured Enterprise Rent-A-Car Required to pay $600,000 on behalf of Renter even though Insurer’s Maximum Liability would have been $50,000.
- Auto Dealer-Arranged Financing and the Truth in Lending Act: Understanding the Basics
- Protecting the Dealership's "Front-End" and "Back-End": What Does that Mean?
- Loss of Use: Is the At-Fault Driver's Insurer Required to Provide a "Comparable" Rental Vehicle?
- Dealership Arranged Financing: The Indirect Auto Lending Process
- The Graves Amendment: Is an Auto Dealer Vicariously Liable for a Customer’s Negligent Operation of a Loaner Vehicle?
- The Future (My Guesstimate) Hybrid “Uber-Lyft” Auto Insurance Policy
- Auto Coverage: “Absolute” & “Frozen” Liability under the Minnesota No-Fault Act
- The ADCF Policy: The “Auto Dealer Operations” Trigger
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- Black Book/Fitch: Vehicle Depreciation to Reach 17.8% in 2017The vehicle valuation firm said the depreciation rate will rise from 17.3% in 2016 to 17.8%, while Fitch said Auto ABS performance will continue to slow in 2017 as losses slowly rise to more normalized levels.
- CNA National Distributed $40 Million to Dealers in 2016CNA National Warranty Corp. (CNAN) returned more than $40 million to automobile dealers across the U.S. through its various participation plans for 2016, the company announced this week.
- AutoFi Adds iLendingDIRECT NetworkAutoFi today announced the addition of iLendingDIRECT and its network of credit unions to its point-of-sale auto finance solution. The fintech firm also announced its entrance into the used-vehicle market.
- F&I Digital Media Awards Now Accepting EntriesEntries are now being accepted for the 2017 F&I Digital Media Awards, organizers announced Friday. The submission deadline is Friday, March 31, 2017.
- Spireon Reports ‘Outstanding’ 2016Spireon Inc. reported second-half gains in revenue, profitability and multiple segments in 2016. The company is also in the midst of a 14-year run of top-line growth and 'outstanding' financial and operational performance, officials said.
- New York Fed: Auto Originations Reach 18-Year High in 2016Every type of debt posted a quarter-over-quarter increase, with auto loan balances increasing by $22 billion ($93 billion from a year ago) to $1.16 trillion. Much of that growth was driven by originations, which totaled $142 billion. That’s the highest level recorded in the 18-year history of New York Fed’s data.
- Georgia Man Pleads Guilty to Odometer FraudA Georgia businessman this week pleaded guilty to operating an odometer fraud scheme that revolved around buying later-model cars at auction, tampering with the odometer reading, and then selling the cars at inflated prices, the U.S. Department of Justice announced.
- Dallas Compliance Summit Set to Break Attendance, Certification RecordsOrganizers of Compliance Summit say an 'unprecedented' response to the announcement that the next event will be held alongside Industry Summit at the Gaylord Texan in Grapevine, Texas, all but guarantees the Sept. 11, 2017, event will set new marks for attendance and Automotive Compliance Specialist certification.
- Hiroto Saikawa Replaces Ghosn as Nissan's CEOVeteran leader Hiroto Saikawa will replace Carlos Ghosn as CEO of Nissan Motor Co., the automaker announced on Thursday. Ghosn will remain chairman of Nissan's board of directors.
- Sonic Reports Recordbreaking Fourth QuarterThe nation’s fourth-largest auto retailer reported annual and quarterly records for pre-owned sales, F&I gross profit and fixed ops gross profit.
- Black Book/Fitch: Vehicle Depreciation to Reach 17.8% in 2017
- French Peer-to-Peer Carsharing Service to Launch at LAX, SFOWith support of PSA Group and MAIF, an insurance company, French-based TravelCar is launching its peer-to-peer carsharing service in the United States at the Los Angeles and San Francisco airports.
- Self-Driving Ubers Now Running in ArizonaUber will be offering rides in its autonomous vehicles in Tempe, Ariz., two months after leaving California.
- Lyft Expands to More Than 50 New U.S. CitiesAs part of the ride-hailing company’s 2017 expansion, Lyft has launched in 50 new U.S. cities, including Iowa City, Bismarck, N.D., Augusta, Ga., Topeka, Kan., Flint, Mich., St. Cloud, Minn., and Columbus, Ohio.
- Recall Repairs Are Not AfterthoughtsIt's easy for small commercial fleet operators to neglect recall repairs. If "fleet" isn't your first business priority, recalls must be.
- February New-Vehicle Sales to Decline 3%, KBB SaysNew-vehicle sales are expected to be down 3% compared to the same time last year, for a total of 1.3 million retail and fleet vehicles sales during February, which lowers the estimated seasonally adjusted annual rate (SAAR) to 17.1 million compared to February 2016’s 17.6 million SAAR.
- Audit Discovers $1.5M Loss at Denver Airport’s Car Rental FacilityIn a recent audit, Denver Auditor Timothy O’Brien found that the Denver International Airport lost nearly $1.5 million in rental car concessions over two years.
- CarTrawler Appointed as Car Rental Partner to JetstarCustomers of Jetstar, a low-fare airlines based in Australia, will now have access to CarTrawler's network of car rental and ground transportation options.
- Sixt Launches Sports and Luxury Vehicles WebsiteSixt rent a car has launched its new Sports & Luxury Cars website to better serve its customers. Sixt has expanded its premium vehicles fleet and set up a central reservation and advisory center.
- International Car Rental Show’s Mobile App ReturnsIn lieu of a printed event guide, the 2017 International Car Rental Show will be bringing back its mobile app, which includes the entire show program.
- Minn. Bill Cuts Carsharing Taxes, Not RentalMinnesota’s Senate Tax Committee has passed a bill that would exempt carsharing from the higher tax rates charged on traditional vehicle rentals.
- French Peer-to-Peer Carsharing Service to Launch at LAX, SFO
- AIG Directors Mull CEO Hancock’s Fate After Disappointing ResultsAmerican International Group Inc.’s directors are discussing whether to penalize or oust Chief Executive Peter Hancock over a major setback in the insurance firm’s turnaround plan, the Wall Street Journal reported, citing people familiar with the matter. Fifteen directors are …
- Cavignac & Associates in California Names Watson Junior Account ExecutiveSan Diego, Calif.-based Cavignac & Associates has named Stephen Watson a junior account executive. Watson’s area of focus will be on professional liability. Watson previously was employed as assistant manager of Walmart in State College, Pa., where he lead, trained …
- Marsh Launches New Excess Medical Professional Liability Policy FormMarsh has unveiled a new excess medical professional liability (MPL) policy form that combines industry favorable MPL terms and conditions into a single excess policy to be used by commercial insurers. Developed by Marsh’s US Casualty and HealthCare Practices in …
- Self-Driving Nissan Car Begins Tests on Streets of LondonGuided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company’s first European tests of an autonomous vehicle. Traveling at up to 50 miles (80 …
- Ohio Man Pleads Guilty to Workers’ Comp FraudA Marion, Ohio, man who was injured on the job as an emergency medical technician in 2010 recently pleaded guilty to workers’ compensation fraud after investigators discovered him working as a high school bowling coach, the Ohio Bureau of Workers’ …
- Oklahoma Pipeline Company to Reimburse Iowa Entities for SpillAn Oklahoma pipeline company says it will reimburse north-central Iowa agencies for expenses they incurred while responding to a diesel pipeline spill near Hanlontown last month. The Mason City Globe Gazette reports that Magellan Midstream Partners is making the offer. …
- Alliant Adds Gulf Coast Marine Expert, Hood, in New OrleansAlliant Insurance Services, headquartered in Newport Beach, Calif., has added Tom Hood to its energy and marine group in New Orleans. As first vice president, Hood will provide targeted insurance, risk management and finance solutions to a growing portfolio of …
- 28 Injured in New Orleans Parade Crash; DWI SuspectedAuthorities on Sunday identified the man who allegedly plowed into a crowd enjoying a Mardi Gras parade in New Orleans while intoxicated. The New Orleans Police Department issued a statement identifying the man as 25-year-old Neilson Rizzuto. Online jail records …
- Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance BlipsEven though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor fears, according to the company’s earnings release and …
- Company Founded by Google Accuses Uber of Autonomous VehicleTheftA self-driving car company founded by Google is colliding with ridesharing service Uber in a court battle revolving around allegations of betrayal, high-tech espionage and greed. The brewing showdown emerged in a lawsuit filed in a San Francisco federal court …
- AIG Directors Mull CEO Hancock’s Fate After Disappointing Results
Tag Archives: Rental Car
By Greg Johnson. I recently wrote an article for the Minnesota Automobile Dealer Association’s MN Dealer Outlook Magazine (Winter 2015). If your Minnesota dealership provides dealer-owned loaner vehicles to customers while the customer’s vehicle is being repaired, you’ll want to … Continue reading
I was recently interviewed in connection with a most interesting article by Chris Brown of the Auto Rental News: “Enter the world of brokering, where fleet funding, commercial insurance and even car ownership are not necessities. As the name suggests, … Continue reading
By Greg Johnson. This article provides a brief overview of Minnesota rental car coverage law, from priority of payment for bodily injury and property damage liability claims to uninsured and underinsured motorist claims to no-fault claims to rental vehicle damage … Continue reading
By Greg Johnson. This is the first in a series of articles addressing claims for damage to, and loss of, rented vehicles. It provides an overview of the types of damages a rental car company may sustain (and, thus, may … Continue reading
Oops!! Self-Insured Owner of Rental Vehicle that had no Obligation to Afford Omnibus Coverage to Permissive Users not entitled to recover $260,000 Settlement Payment.
By Greg Johnson. In an unusual twist, a rental car company insisted it was obligated to pay damages to a third party who was injured by the permissive operator of its rental vehicle and the renter maintained it was not. … Continue reading
By Greg Johnson. The determination of whether a self-insured retention (SIR) constitutes “insurance” within the meaning of an “other insurance” clause of another policy generally depends on the particular circumstances presented. See, e.g., Champlain Cas. Co. v. Agency Rent-A-Car, Inc., … Continue reading