What the CARES Act Means for You

The coronavirus pandemic has affected virtually every facet of American life and severely impacted the markets and economy. Congress and the federal government have acted to help individuals and businesses get through this difficult time. Most recently, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act on March 27, 2020. The… Read More

Additional Ways to Use the Reinsurance Model

Auto dealers today are using their reinsurance companies to accomplish goals that earlier, less flexible reinsurance models couldn’t help with. Traditionally, dealers only expected reinsurance premiums to cover the costs of warranty claims and cancellations. However, reinsurance administrators now offer reinsurance programs with greater flexibility — not only in terms of what types of financial… Read More

Investment Mistakes that Dealers Make in the Reinsurance Process

Creating your own reinsurance company involves several players, including your agent, reinsurance program administrator, and financial advisor. The stakes are high and the reinsurance process is somewhat complicated, so it pays to be aware of the common mistakes other dealers make  — and avoid repeating them. Not understanding your investment policy statement (IPS) One of… Read More