The ACC RV Warranty Group

The ACC RV Warranty Group
The ACC RV Warranty Group

RV News......

Loading...

Thursday, April 26, 2012

2012 ACC WARRANTY GOLF OUTING - FMCA INDIANAPOLIS CONVENTION AUGUST 2012

2012 ACC WARRANTY GOLF OUTING - 2012 FMCA CONVENTION INDIANAPOLIS


FMCA's Formula for Fun Golf Outing, sponsored by the ACC Warranty Group, will take place Sunday, Aug. 26, at the Sycamore Course of Eagle Creek Golf Club. This is the day before the official start of FMCA's "Formula for Fun" motorhome convention at the Indiana State Fairgrounds.

Check-in at the course will begin at noon on Aug. 26, with a shotgun start at 1 p.m.

This outing is limited to ONLY the first 144 players. Four-person teams will be set by the Golf Committee. Golfers' handicaps will requested by commmittee after registration.

The cost is $50 per player, and includes:
driving range privileges

One 18-hole shotgun start golf cart prizes for winners - Set of Nike Clubs, Ruth Chris Gift Certificates, Putters, Cash hole prizes - Cash, Putters, Drivers appetizers and catered barbecue at awards presentation - Catered By RibFest Champion! spouses invited to attend awards presentation unlimited beverages (All the Beer, Water and Soft Drinks you like!!) on course and at awards presentation
Sign up for the golf outing TODAY before it sell out!

If you have already registered for the convention but did not sign up for golf, please call FMCA at (800) 543-3622 or (513) 474-3622 to have your name added.

About the course

Eagle Creek Golf Club, located a short "drive" from downtown Indianapolis, is consistently ranked as one of Indiana's top public courses by Golf Digest. The natural parkland setting incorporates nature areas, wetlands, animal habitats and rolling terrain. The Sycamore Course was designed by Pete Dye.

For more information about Eagle Creek Golf club, visit www.eaglecreekgolfclub.com

Friday, March 9, 2012

FORM A CAPTIVE - ART - Alternative Risk Transfer for 2012

889 words
Microcaptives gaining popularity with smaller firms;
Potential misuse of tax incentive raises regulatory concerns
MIKE TSIKOUDAKIS

More midsize and small companies are tapping alternative risk transfer mechanisms and creating 831(b) captive formations.

Also known as microcaptives, the formal name refers to Internal Revenue Code Section 831(b), which allows insurance companies with less than $1.2 million in annual premiums to elect to have their federal taxes based only on their investment income.

Experts say middle-market and small companies' better understanding of risk and how to transfer that risk has driven much of the growth of microcaptives during the past year.

"A lot (of smaller companies) are recognizing what were previously unknown risks or unappreciated risks. People are recognizing that those things that 'will never happen' sometimes do happen," said Charles J. Lavelle, partner and chair of the federal tax team and its insurance industry team for law firm Bingham Greenebaum Doll L.L.P. in Louisville, Ky.
Alternative risk transfer also is becoming much more mainstream, he said, noting that middle-market companies are attuned to states that are introducing attractive captive legislation and have greater awareness of captive structures through captive service providers (see chart).
As more captives have formed in general, "the exposure to the captive structures has gone down into the middle-market companies," said Ross Elliot, captive insurance director at the Utah Department of Insurance in Salt Lake City. "They're now beginning to see the advantages to them of formalizing their risk management and putting it into in a captive facility."
Of the 69 captives Utah licensed in 2011, Mr. Elliot said 75% were microcaptives based on their premium volume.
Another factor driving microcaptive growth is more knowledgeable captive service providers, experts say.
Property/casualty agents and brokers have become knowledgeable and can recommend captive solutions for hard-to-place risks for middle-market companies, said Karl Huish, senior vp at Artex Risk Solutions Inc. in Mesa, Ariz.
"We also see referrals and introductions made by other trusted advisers," such as certified public accountants, attorneys and other financial advisers, he said. "These other professional advisers are becoming more knowledgeable about captives; and as they become more knowledgeable, they're bringing that up to their clients."
Rob Walling, principal and consulting actuary at Pinnacle Actuarial Resources Inc. in Bloomington, Ill., said captive managers, agents and brokers have done a good job of bringing captives to the forefront for smaller companies that are savvy enough to go into a microcaptive but might not be in a position to go in to a single-parent captive program.
Pinnacle works with microcaptives by looking at exposures and determining loss probability and capital levels needed for the captive.
"As the market is more educated, the insured becomes more educated," Mr. Walling said. "Those middle-market insureds are really feeling a lot of economic strain right now, so anything they could do to control their insurance costs better is better for the business' overall survival."
Taking advantage?
While microcaptive growth may reflect sound risk management, some in the industry fear that some companies are taking advantage of the favorable tax treatment rather than insuring viable risk, which could lead to regulatory scrutiny.
The tax incentive is not necessarily driving the formation, but it does help make a small insurance captive program work, said Kirk D. Mooneyham, managing director of captive management services at Wilmington Trust Co. in Greenwood Village, Colo.
When prospective microcaptive owners talk about setting up their programs, tax incentives are not the first thing mentioned, Mr. Mooneyham said.
"It's about how does the captive work. That's not saying that there aren't people out there that are setting them up to take that advantage, either," he noted.
But if a microcaptive is used solely for tax purposes that have little to do with transferring risk, Pinnacle's Mr. Walling said microcaptives may face regulatory scrutiny in the future.
"831(b) is very intentionally and specifically intended for insurance purposes," Mr. Walling said. "I think the worst of what we're seeing right now is 831(b)s that are...surely wealth-management mechanisms that have very little true insurance risk to them, and there is a very real risk presented by those types of programs" in terms of regulatory scrutiny, he said.
State insurance regulators are looking closely at microcaptives to make sure companies set up their programs for nontax business reasons to transfer risks and fund insurance risk, experts say.
Montana, which licensed 24 captives in 2011, views microcaptives as insurance companies.
"We look at them as insurance vehicles and we want them to have an insurance purpose," said Steve Matthews, captive insurance coordinator for the state of Montana in Helena. "If they get a tax advantage out of them, that's an extra that goes with it."
Montana licensed about 15 microcaptives in 2011, and approximately 35 to 40 microcaptives operate in the state, Mr. Matthews said.
"Favorable tax treatment-we do not like to see that in mind initially," Utah's Mr. Elliot said.
Even so, the tax advantages are a key piece in forming the program and must be considered, he said. "It's just too large of an elephant in the room to ignore."
March 8, 2012

Thursday, March 8, 2012

Compare ACC To EasyCare RV Warranty - What is the Best RV Warranty

Good Morning,

Sure, I am happy to answer your questions about comparing ACC Warranty to EasyCare RV Warranty

I do not have anything bad at all to say about EasyCare - It is a good program and they are on very solid financial ground and they have been in business a long time - since it was the Ford Service Plan that was purchased by APCO.

That being said, Our program has many benefits that they simply do not offer.....

1. We are open 24/7 - They are 9-5 m-f and closed all holidays - RV's have problems on Nights, Weekends and Holidays so you are taken care of by us and not by them at those times.

2. We have a parts and service department, they do not. If you call us and say your water pump went out last night, we will FedEx one to you. If you call EasyCare, they will tell you to go to a dealer and have them call..... this might not always be right around the corner especially at a rally or if you are set-up in a RV park for the winter.

3. We offer Unlimited Towing - they do not. I rountinely see tow bills that are over $2000 these days. Easy Care Pays $100 - that is a joke in today's markey!

4. We put you up in a hotel until your coach is repaired - they do not. Their trip interruption only pays $100 per 8 hours of labor. A typical repair goes like this: 1 day in the shop to diagnose and order parts, get parts the next day, repair done the next day. That is 3 days in a hotel and if it was over the weekend, 5 hotel nights and dinners out. They pay you $100 - we pay the whole $1000

5. We are an RV company! 70% of our business is Monaco, Country Coach, Newmar and American Coach and the other 30% is Prevost. - 80% of EasyCare is Used Cars - and 20% RV's. Go to their website and it is devoted to used car dealers - now read our website.... Do you want used car customer treatment or motorcoach customer service?

6. We have on-site rally service - We are the Only warranty company with mobile repair trucks to do on-site repairs for your coach. We attend over 15 rallies per year and rally service is $0 deductible.

7. We use FedEx to ship parts to you overnight - other companies 1. do not assist you in finding parts and 2. only allow the dealer to order by UPS ground 0 which is 3-6 days.
8. -- I could go on and on but I think you are are starting to see that there is more to the program than just "whats covered" It is the way that we provide Solutions to your problem that sets us aparts. None of the other companies actually help you solve your problem - they leave all of that up to you and they are only there to pay the bill at the end.

Monday, February 27, 2012

Amtrust Rated "A" Excellent by A.M. Best

A.M. Best Affirms Ratings of AmTrust Group and Its Members



A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of AmTrust Group (AmTrust) (New York, NY) and its property/casualty members, which operate through an intercompany quota share reinsurance arrangement with AmTrust International Insurance, Ltd. (AII). The outlook for all ratings is stable. (See below for a detailed list of the companies.)

The rating actions reflect AmTrust’s strong balance sheet strength, sustained strong operating performance within its niche market segments and the benefits derived from AmTrust Financial Services, Inc. (AFSI), including AFSI’s commitment to maintain sufficient capital and to provide access to additional capital should it be needed to support AmTrust’s expanding operations. AmTrust has been successful in executing its business plan, which is focused on growth through acquisition of renewal rights offerings and established books of business at appropriate rates, terms and conditions. This allows AmTrust to further benefit from its expandable underwriting platform that generates significant expense savings.

Partially offsetting these positive rating factors are AmTrust’s continued growth in both premium volume and associated liabilities in recent years, primarily achieved through renewal rights transactions and the inherent risk associated with expansion into new markets and integrating new business.

Despite these concerns, the outlook recognizes AmTrust’s strong sustained operating results within its market segments, its ongoing access to capital and commitment to prudent underwriting through its proven business platform.

The FSR of A (Excellent) and ICR of “a” have been affirmed for the AmTrust Group and its following property/casualty members:

AmTrust International Insurance, Ltd.
Technology Insurance Company, Inc.
Rochdale Insurance Company
Wesco Insurance Company
Milwaukee Casualty Insurance Company
Security National Insurance Company
AmTrust Insurance Company of Kansas
AmTrust Lloyd’s Insurance Company of Texas
AmTrust International Underwriters Limited
AmTrust Europe Limited
Associated Industries Insurance Company, Inc.
The principal methodology used in determining these ratings is Best’s Credit Rating Methodology -- Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Best’s rating process and highlights the different rating criteria employed. Additional key criteria utilized include: “Risk Management and the Rating Process for Insurance Companies”; “Understanding BCAR for Property/Casualty Insurers”; “Rating Members of Insurance Groups”; “Understanding Universal BCAR”; and “Natural Catastrophe Stress Test Methodology.” Methodologies can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2011 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Saturday, February 25, 2012

CSI Care RV Warranty - Allegiance Warranty - Warranty company Closed in 2008 and Reopened- Has had 8 different Names in the Last 10 Years!!

CSI Care RV Warranty - Allegiance Warranty - Warranty company has had 8 different Names in the Last 10 Years!! Have you ever had a good experience with a company who changes names every year or so?

CSi Care® is a registered trademark used for Underwriting Extended Warranty Contracts In the Field of Automobiles and owned by Heritage Administration Services, Inc.

YES - This is the SAME Heritage who went out of business in 2008!

Read About that by clicking this link Heritage Warranty - CSi Care RV Warranty




This story is reprinted from the original newspaper atricle by:
MATT OLBERDING / Lincoln Journal Star | Friday, December 30, 2005

WHAT NAME ARE THEY GOING BY THIS YEAR? Allegiance, CSI Care, Dimension, National Administration Solutions, Heritage, The New Heritage, DSC, NASC,Allegiance Warranty, CSI RV Warranty, Freedom Roads RV Warranty, AAC, Autoguard, Advantage Warranty = ALL THE SAME COMPANY.

We wonder what they will change it to next year......

Dimension Service Corporation (DSC) is the administrator of the contract and is responsible for service contract program called Freedom Roads. The contract's obligor is Autoguard Advantage Corporation (AAC) that is primarily liable to pay for any covered repairs. General Fidelity Insurance Company is AAC's insurer. DSC contracted with AAC to fulfill AAC's duties as the administrator of the program.

Heritage Administration Services’ troubled run in Lincoln appears to be coming to an end. Heritage owner Allegiance Holdings announced Friday it will move the bulk of the Lincoln operations to its home office in Dublin, Ohio.

The company has faced state regulatory action and issues in Pennsylvania, Hawaii, South Carolina and California since 2001.

Allegiance bought Heritage, which sells vehicle service contracts through agents and car dealers, in July 2004, after the company once again ran into legal and regulatory trouble and its founders, Rod and R.J. Beery, left the company.(On Paper Anyway)

In a news release, Allegiance, which was called National Administration Solutions Corp. when it bought Heritage, said Allegiance was bought in February.

Anderson said that when Allegiance bought Dublin-based Dimension Service Corp., like Heritage a vehicle service contract administrator, it changed Heritage’s future. Anderson said Roseberry will move to Ohio and remain Heritage’s president. Anderson said he also will continue to have a role with the company.

In 2001, Heritage was ordered by a Lancaster County District Court to pay $850,000 to an Arizona company that sued Heritage for interfering in its business.

The company also faced state regulatory action and issues in Pennsylvania, Hawaii, South Carolina and California since 2001.

For More Info on this Story: Reach Matt Olberding at 473-2647

Read more: http://journalstar.com/news/local/article_9d587f8d-e69e-5b28-a2ce-f68e1c490374.html#ixzz1nPszlO15

Who Is Allegiance - CSI Care RV Warranty -- DSC - Dimension - Freedom Roads - NASC - Reviews of Allegiance CSI Care Warranty

Allegiance Warranty - CSI Care - RV Warranty - Warranty company has had 8 different Names in the Last 10 Years!!

Have you ever had a good experience with a company who changes names every year or so?

This story is reprinted from the original newspaper atricle by:
MATT OLBERDING / Lincoln Journal Star | Friday, December 30, 2005

WHAT NAME ARE THEY GOING BY THIS YEAR? Allegiance, CSI Care, Dimension, National Administration Solutions, Heritage, The New Heritage, DSC, NASC,Allegiance Warranty, CSI RV Warranty, Freedom Roads RV Warranty, AAC, Autoguard, Advantage Warranty = ALL THE SAME COMPANY.

We wonder what they will change it to next year......


Dimension Service Corporation (DSC) is the administrator of the contract and is responsible for service contract program called Freedom Roads. The contract's obligor is Autoguard Advantage Corporation (AAC) that is primarily liable to pay for any covered repairs. General Fidelity Insurance Company is AAC's insurer. DSC contracted with AAC to fulfill AAC's duties as the administrator of the program.

Heritage Administration Services’ troubled run in Lincoln appears to be coming to an end. Heritage owner Allegiance Holdings announced Friday it will move the bulk of the Lincoln operations to its home office in Dublin, Ohio.

The company has faced state regulatory action and issues in Pennsylvania, Hawaii, South Carolina and California since 2001.

Allegiance bought Heritage, which sells vehicle service contracts through agents and car dealers, in July 2004, after the company once again ran into legal and regulatory trouble and its founders, Rod and R.J. Beery, left the company.(On Paper Anyway)

In a news release, Allegiance, which was called National Administration Solutions Corp. when it bought Heritage, said Allegiance was bought in February.

Anderson said that when Allegiance bought Dublin-based Dimension Service Corp., like Heritage a vehicle service contract administrator, it changed Heritage’s future. Anderson said Roseberry will move to Ohio and remain Heritage’s president. Anderson said he also will continue to have a role with the company.

In 2001, Heritage was ordered by a Lancaster County District Court to pay $850,000 to an Arizona company that sued Heritage for interfering in its business.

The company also faced state regulatory action and issues in Pennsylvania, Hawaii, South Carolina and California since 2001.

For More Info on this Story: Reach Matt Olberding at 473-2647

Read more: http://journalstar.com/news/local/article_9d587f8d-e69e-5b28-a2ce-f68e1c490374.html#ixzz1nPszlO15

Business Management According to information in BBB files Haytham Elzanyn, the owner of Dimension Service Corporation is also the owner of National Administration Solutions Corporation and Heritage Administration Services. Peter Knolla who is listed as the Attorney for Dimension Service Corporation, is listed as the secretary for Heritage Administration Services. The BBB maintains separate reports on each of these companies.

BBB previously processed and reported information on Heritage Administration Services within the same file and report on Dimension Service Corp. In August 2008, BBB began separately processing and reporting information on each company.

On Dec. 4, 2008, Peter Knolla provided BBB the following information regarding what he described as Allegiance Holdings LLC's affiliated companies:

Heritage Administration Services, Inc. (HAS) is a service contract administrator that is currently responsible for the majority of complaints being fielded by (BBB) offices due to financial difficulties. HAS is also the majority owner of a risk retention group named Heritage Warranty Insurance RRG, Inc. (HRRG) that provides insurance for HAS's service contract obligations. The HAS and HRRG operations were formerly located in Lincoln, Nebraska and when they were relocated to Ohio Allegiance company staffs were assigned to conduct their service contract administration.

BBB Rating and List of Complaints for Allegiance CSI Care RV Warranty01/02/2012 Problems with Product / Service | Read Complaint Details

12/16/2011 Guarantee / Warranty Issues | Read Complaint Details
12/05/2011 Problems with Product / Service | Read Complaint Details
11/28/2011 Guarantee / Warranty Issues | Read Complaint Details
10/24/2011 Guarantee / Warranty Issues | Read Complaint Details
Page 1 of 7
Customer not satisfied with business response; BBB did not find business made good faith effort to resolve complaint