Country Coach International Club Launches Its Newly-Designed
On The Road Again Newsletter / Partners with Select Service Providers
January 15, 2010, Junction City, OR
Country Coach International (CCI), your recreation club devoted to Country Coach motor coach owners, is pleased to announce its newly designed, On The Road Again newsletter and its New Partnership Agreements with select coach suppliers and service providers including: RV Glass Solutions/Coach Glass, ACC Warranty Group, Overland Insurance Services, and Frame-Rite.
These valued businesses have partnered with Country Coach International to offer outstanding values to Country Coach International members whose memberships with the club are in good standing.
Steve Burgess of The ACC Warranty Group now provides CCI Club members a specially priced extended coach warranty policy. You must be a member in good standing with CCI to take advantage of this special Club rate. New Club warranty members receive Free Unlimited Towing and Roadside Service to include the coach as well as tow vehicles/trailer; a 24-hour Toll Free Technical Service Line; mobile on-site service support to rally attendees; a 3-year membership in the CCI Club, and a 15% discount on parts.
He and his service team will be on hand in Kerrville, Texas May 19-23 at the Buckhorn Lake RV Resort during the Country Coach International Texas Roundup Rally with mobile on-site service support to rally attendees and answering questions about this outstanding Extended Warranty Program available exclusively to CCI Club Members. This team includes an electrician, chassis/engine tech, as well as a team of experienced service technicians.
A service truck and parts trailer will also be at this rally. All Club warranty members will enjoy a discounted service and paint labor rate of $75/hr at the rally and at the Indiana parts and service facility on any work not covered by the Club warranty, as well as a 15% discount on parts. All new warranty customers will also receive a 3-year membership in the CCI Club.
A Get-A-Quote Button is available at the Club website for your convenience. Check it out at www.countrycoachclub.com and request a quote. In the meantime, call 888-299-9888, ext 710 to learn more about the many new benefits of this extended warranty offer. Or call 888-299-9888, ext 711 to request a quote at the ACC Warranty Group’s 24-7 quote line. You can also fill out a form at www.accws.com, too.
Tuesday, February 9, 2010
Thursday, October 1, 2009
Wells Fargo Provides Credit Line to ACC Finance
Wells Fargo Provides $50 Million Credit Line to ACC Finance.
Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Company, recently provided a $50 million senior credit facility to Automotive Credit Corporation (ACC), an indirect auto finance company.
ACC has partnerships with hundreds of independent and franchised auto dealers throughout the United States and provides financing for consumers with limited access to traditional sources of consumer credit.
Wells Fargo Preferred Capital has extended $265 million worth of credit line commitments to new client companies during 2009, said Tom Murphy, Wells Fargo Preferred Capital’s president. Preferred Capital is a specialized lender that provides senior-secured credit facilities — or lines of credit — to consumer and auto finance companies.
"We have significantly expanded our client base and positioned our company for future growth as new clients like Automotive Credit Corporation are able to grow their businesses through greater access to capital," Murphy said. “The expansion of our business demonstrates Wells Fargo's commitment to the consumer and auto finance industry. Our customers have more than $3.1 billion of available credit lines with Wells Fargo Preferred Capital, enabling them to extend in excess of $5 billion in consumer loan products.”
Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Company, recently provided a $50 million senior credit facility to Automotive Credit Corporation (ACC), an indirect auto finance company.
ACC has partnerships with hundreds of independent and franchised auto dealers throughout the United States and provides financing for consumers with limited access to traditional sources of consumer credit.
Wells Fargo Preferred Capital has extended $265 million worth of credit line commitments to new client companies during 2009, said Tom Murphy, Wells Fargo Preferred Capital’s president. Preferred Capital is a specialized lender that provides senior-secured credit facilities — or lines of credit — to consumer and auto finance companies.
"We have significantly expanded our client base and positioned our company for future growth as new clients like Automotive Credit Corporation are able to grow their businesses through greater access to capital," Murphy said. “The expansion of our business demonstrates Wells Fargo's commitment to the consumer and auto finance industry. Our customers have more than $3.1 billion of available credit lines with Wells Fargo Preferred Capital, enabling them to extend in excess of $5 billion in consumer loan products.”
Tuesday, August 25, 2009
Why Form A Captive? Captives - Reinsurance and ART
Why Form a Captive?
There usually are many reasons a company considers forming a captive insurance company. While a desire to have broader insurance coverages is often an initial reason, careful consideration usually results in the identification of other important factors.
Clients come to learn that the many hidden risks inherent in their business are capable of being reduced through a more comprehensive insurance program;
Some hidden risks are best addressed through an alternative risk financing program, rather than purchasing traditional insurance, or simply absorbing such risks as they arise;
Several clients wish to smooth out earnings fluctuations caused by otherwise insurable events;
Clients come to understand a basic tenet of insurance, that risks inherent in their businesses are otherwise capable of being insured with tax-deductible premium dollars that then are available to satisfy future losses; and
Clients learn that significant tax advantages exist in pre-funding losses through a captive insurance company.
Four critical factors traditionally prompt a company to seek alternatives to conventional insurance:
Availability problems - The lack of consistently available coverages from year to year is a constant concern of insureds. Product liability coverages are a case in point. As insurers pull back during the usual insurance cycle, certain coverages either are not available, or are not available with reasonable coverage terms and/or prices;
Pricing inequity - Some companies believe that insurance rates are higher than what is appropriate based on their incurred and projected losses;
Lack of flexibility - An insured's need for coverage doesn't always dovetail with conventional coverages. Terms and conditions of conventional insurance coverages and the lack of flexibility in conventional insurance policy language to address particular risk concerns sometimes leads to alternative risk planning. Forming a captive often results from the desire to tailor coverages to a company's specific concerns and/or anticipating losses which are currently thought otherwise uninsurable; and
Lack of certainty of coverages being honored - Especially in the case of significant commercial losses, the result of a claim being submitted is often the unjustified denial of coverages followed by another long, expensive suit, this time against a well-financed insurance juggernaut. Instances of this include the Exxon Valdez coverage litigation against a Lloyd's of London syndicate arising out of that tanker's grounding, or Traveler's perceived national policy of denying advertising injury claims and litigating aggressively rather than paying such claims.
Additional insurance-related issues a company may consider in
forming a captive are:
To focus management attention on loss control and risk-financing needs;
To help implement a consolidated company-wide risk management and risk-financing strategy;
To build a dedicated asset base to fund risk financing needs;
To improve cash flow and provide investment income; and
To level the playing field with large companies who use their captives to gain a competitive advantage.
There usually are many reasons a company considers forming a captive insurance company. While a desire to have broader insurance coverages is often an initial reason, careful consideration usually results in the identification of other important factors.
Clients come to learn that the many hidden risks inherent in their business are capable of being reduced through a more comprehensive insurance program;
Some hidden risks are best addressed through an alternative risk financing program, rather than purchasing traditional insurance, or simply absorbing such risks as they arise;
Several clients wish to smooth out earnings fluctuations caused by otherwise insurable events;
Clients come to understand a basic tenet of insurance, that risks inherent in their businesses are otherwise capable of being insured with tax-deductible premium dollars that then are available to satisfy future losses; and
Clients learn that significant tax advantages exist in pre-funding losses through a captive insurance company.
Four critical factors traditionally prompt a company to seek alternatives to conventional insurance:
Availability problems - The lack of consistently available coverages from year to year is a constant concern of insureds. Product liability coverages are a case in point. As insurers pull back during the usual insurance cycle, certain coverages either are not available, or are not available with reasonable coverage terms and/or prices;
Pricing inequity - Some companies believe that insurance rates are higher than what is appropriate based on their incurred and projected losses;
Lack of flexibility - An insured's need for coverage doesn't always dovetail with conventional coverages. Terms and conditions of conventional insurance coverages and the lack of flexibility in conventional insurance policy language to address particular risk concerns sometimes leads to alternative risk planning. Forming a captive often results from the desire to tailor coverages to a company's specific concerns and/or anticipating losses which are currently thought otherwise uninsurable; and
Lack of certainty of coverages being honored - Especially in the case of significant commercial losses, the result of a claim being submitted is often the unjustified denial of coverages followed by another long, expensive suit, this time against a well-financed insurance juggernaut. Instances of this include the Exxon Valdez coverage litigation against a Lloyd's of London syndicate arising out of that tanker's grounding, or Traveler's perceived national policy of denying advertising injury claims and litigating aggressively rather than paying such claims.
Additional insurance-related issues a company may consider in
forming a captive are:
To focus management attention on loss control and risk-financing needs;
To help implement a consolidated company-wide risk management and risk-financing strategy;
To build a dedicated asset base to fund risk financing needs;
To improve cash flow and provide investment income; and
To level the playing field with large companies who use their captives to gain a competitive advantage.
Tuesday, August 11, 2009
Captive Industry Conference -
2009 CAPTIVE INDUSTRY CONFERENCE
2009 Conference Fees
Classification
Conference Pass: VCIA member1 $730
Conference Pass: Non-member $1225
First time captive company2 $200
Networking Pass3: VCIA Member $425
Networking Pass3: Non-Member $875
Schedule at a Glance
Note: after August 5, online registration will be closed. But you may register onsite at the conference at the Sheraton in South Burlington starting August 11.
To register for ICCIE courses offered just before the VCIA Conference, visit iccie.org.
Tuesday, August 11th
7:30 am & 1:00 pm Start times for the 19th Annual Vermont Captive Open Golf Tournament at Vermont National Country Club. To register for golf, click on green 'golf tournament' button at right
11:30 am - 3:00pm
Art Studio Tour and Luncheon with Burlington City Arts ($60 fee)
8:00 am - 6:00 pm Exhibitor Set-up
9:00 am - 6:00 pm Registration & Information Desk open at the Sheraton Burlington Conference Center
9:30 - 12:00pm Captives 101 (captive basics) Workshop (UVM Davis Center) ($75 fee)
12:00 - 1:00pm
Lunch at UVM Davis Center, for those attending Pre-Conference Workshop
1:00 - 3:30pm
Captives 102 (tax basics) Workshop ($75 fee)
4:00 pm – 4:45 pm Newcomers' Orientation Session (UVM Davis Center)
5:30 pm - 7:30 pm Opening Reception at Shelburne Farms (shuttle service provided)
Wednesday, August 12th
7:00 am - 6:00 pm Registration & Information Desk Open
7:30 am - 8:30 am Breakfast in Conference Center Tent
7:30am - 9:30 am VCIA Annual Members’ Meeting for VCIA Members Only. Registration and breakfast is from 7:30 - 8:00am. Meeting is 8:00 - 9:30am.
10:00 am - 12:00 pm Opening General Session featuring Industry Awards Presentations; Governor Jim Douglas and Keynote Speaker Governor Howard Dean
11:30 am - 2: 00 pm Lunch Buffet in Conference Center Tent
12:30 pm - 2:00 pm Coffee and Dessert with Exhibitors
1:00 pm - 2:45 pm Educational Seminars
3:00 pm - 4:45 pm Educational Seminars
3:00 pm - 5:00 pm Roundtable Discussions
4:45 pm - 5:00 pm Golf Awards Presentation in the Exhibit Hall
5:00 pm - 6:30 pm Reception with Exhibitors
Thursday, August 13th
7:30 am - 5:00 pm Registration & Information Desk open
7:30 am - 8:30 am Breakfast in Conference Center Tent
8:30 am - 10:15 am Educational Seminars and Roundtable
10:30 am - 12:10 pm Educational Seminars
11:30 am - 2:00 pm Lunch Buffet in Conference Center Tent or UVM Davis Center
12:30 pm - 2:00 pm Coffee and Dessert with Exhibitors
1:15 - 3:00 pm Educational Seminar (UVM Davis Center)
1:30 - 3:00 pm Meet the Reinsurers! (UVM Davis Center)
3:15 - 5:00pm
Educational Seminar (UVM Davis Center)
6:00 -7:30 pm Closing Reception at ECHO Lake Aquarium and Science Center (Please ntoe: VCIA encourages attendees to take the free shuttle to this event. Limited parking is available on the waterfront).
2:00pm Exhibitors may begin to tear down booths, or do so on Friday from 9:00 - 12:00pm.
2009 Conference Fees
Classification
Conference Pass: VCIA member1 $730
Conference Pass: Non-member $1225
First time captive company2 $200
Networking Pass3: VCIA Member $425
Networking Pass3: Non-Member $875
Schedule at a Glance
Note: after August 5, online registration will be closed. But you may register onsite at the conference at the Sheraton in South Burlington starting August 11.
To register for ICCIE courses offered just before the VCIA Conference, visit iccie.org.
Tuesday, August 11th
7:30 am & 1:00 pm Start times for the 19th Annual Vermont Captive Open Golf Tournament at Vermont National Country Club. To register for golf, click on green 'golf tournament' button at right
11:30 am - 3:00pm
Art Studio Tour and Luncheon with Burlington City Arts ($60 fee)
8:00 am - 6:00 pm Exhibitor Set-up
9:00 am - 6:00 pm Registration & Information Desk open at the Sheraton Burlington Conference Center
9:30 - 12:00pm Captives 101 (captive basics) Workshop (UVM Davis Center) ($75 fee)
12:00 - 1:00pm
Lunch at UVM Davis Center, for those attending Pre-Conference Workshop
1:00 - 3:30pm
Captives 102 (tax basics) Workshop ($75 fee)
4:00 pm – 4:45 pm Newcomers' Orientation Session (UVM Davis Center)
5:30 pm - 7:30 pm Opening Reception at Shelburne Farms (shuttle service provided)
Wednesday, August 12th
7:00 am - 6:00 pm Registration & Information Desk Open
7:30 am - 8:30 am Breakfast in Conference Center Tent
7:30am - 9:30 am VCIA Annual Members’ Meeting for VCIA Members Only. Registration and breakfast is from 7:30 - 8:00am. Meeting is 8:00 - 9:30am.
10:00 am - 12:00 pm Opening General Session featuring Industry Awards Presentations; Governor Jim Douglas and Keynote Speaker Governor Howard Dean
11:30 am - 2: 00 pm Lunch Buffet in Conference Center Tent
12:30 pm - 2:00 pm Coffee and Dessert with Exhibitors
1:00 pm - 2:45 pm Educational Seminars
3:00 pm - 4:45 pm Educational Seminars
3:00 pm - 5:00 pm Roundtable Discussions
4:45 pm - 5:00 pm Golf Awards Presentation in the Exhibit Hall
5:00 pm - 6:30 pm Reception with Exhibitors
Thursday, August 13th
7:30 am - 5:00 pm Registration & Information Desk open
7:30 am - 8:30 am Breakfast in Conference Center Tent
8:30 am - 10:15 am Educational Seminars and Roundtable
10:30 am - 12:10 pm Educational Seminars
11:30 am - 2:00 pm Lunch Buffet in Conference Center Tent or UVM Davis Center
12:30 pm - 2:00 pm Coffee and Dessert with Exhibitors
1:15 - 3:00 pm Educational Seminar (UVM Davis Center)
1:30 - 3:00 pm Meet the Reinsurers! (UVM Davis Center)
3:15 - 5:00pm
Educational Seminar (UVM Davis Center)
6:00 -7:30 pm Closing Reception at ECHO Lake Aquarium and Science Center (Please ntoe: VCIA encourages attendees to take the free shuttle to this event. Limited parking is available on the waterfront).
2:00pm Exhibitors may begin to tear down booths, or do so on Friday from 9:00 - 12:00pm.
Thursday, July 30, 2009
INTERSTATE NATIONAL DEALER SERVICES AWARDED A+ BATING BY THE BBB
Interstate Awarded “A+” BBB Rating
Interstate National Dealer Services has been a recognized Better Business Bureau accredited business since 2002. The Better Business Bureau contends that BBB Accreditation continues to be the most reliable way for consumers to identify businesses that can be trusted to deliver upon their promises.
According to the BBB, the A+ rating is the highest grade assigned by the BBB and represents their degree of confidence that Interstate is operating in a trustworthy manner, and will make a good faith effort to resolve all customer concerns. Our A+ rating validates our success in upholding the promises we made to our thousands of local members over the last nine years.
Interstate National Dealer Services has been a recognized Better Business Bureau accredited business since 2002. The Better Business Bureau contends that BBB Accreditation continues to be the most reliable way for consumers to identify businesses that can be trusted to deliver upon their promises.
According to the BBB, the A+ rating is the highest grade assigned by the BBB and represents their degree of confidence that Interstate is operating in a trustworthy manner, and will make a good faith effort to resolve all customer concerns. Our A+ rating validates our success in upholding the promises we made to our thousands of local members over the last nine years.
AUTO SALES CLOSER - AUTO SALES MANAGER - MERCEDES - High Line Auto Sales Position Available
OPPORTUNITY..OPPORTUNITY..OPPORTUNITY
AUTO SALES CLOSER / AUTO SALES MANAGER needed...
The largest highline Mercedes-Benz Dealership in the state of South Carolina is looking for the perfect, aggressive, and experienced Closer/Manager.
The environment and surroundings are one of the best to live and work in.
If this is the opportunity that you have been looking for, and really want to make serious money then email your resume along with references to:
careers@carltonmb.com or Call (800) 801-3131
AUTO SALES CLOSER / AUTO SALES MANAGER needed...
The largest highline Mercedes-Benz Dealership in the state of South Carolina is looking for the perfect, aggressive, and experienced Closer/Manager.
The environment and surroundings are one of the best to live and work in.
If this is the opportunity that you have been looking for, and really want to make serious money then email your resume along with references to:
careers@carltonmb.com or Call (800) 801-3131
Wednesday, July 29, 2009
CAPTIVE INDUSTRY WEBCAST - Captive Insurance and Reinsurance - PORC
Hello,
As many of you already know, there will be an upcoming A.M. Best Webcast on the State of the Captive Industry on Thursday, July 30 from 2:00 to 3:00, EDT.
In addition to addressing current regulatory and legislative issues, I will also have the opportunity to share some thoughts on what's hot in our industry. While I certainly have a few ideas of my own, I want to pick your brains to aggregate your thoughts as well.
If you are in the office tomorrow, please drop me a note with your perceptions on one or more of these issues, or another hot issue of your own:
Types of captives being formed. What's hot?
New uses for existing captives.
Are you seeing domicile movement? (Offshore to onshore? Redomiciling within the US? Which domiciles are you liking today?)
Your thoughts on a federal systemic regulator's appropriate role -- what do you think should happen or NOT happen?
Capitalization/collateralization issues for new or existing captives. I'd love to hear how that's going for you.
Fronting costs or capacity -- anything new there that I should know about?
Anything else worthy of mention?
Your companies and names will be held in strictest confidence. I look forward to hearing from you this evening or tomorrow, and hope you will join the webcast too.
If you haven't registered yet, registration is free online at www.ambest.com/captive09.
Thanks so much for your friendship!
I look forward to catching up with many of you at VCIA.
As many of you already know, there will be an upcoming A.M. Best Webcast on the State of the Captive Industry on Thursday, July 30 from 2:00 to 3:00, EDT.
In addition to addressing current regulatory and legislative issues, I will also have the opportunity to share some thoughts on what's hot in our industry. While I certainly have a few ideas of my own, I want to pick your brains to aggregate your thoughts as well.
If you are in the office tomorrow, please drop me a note with your perceptions on one or more of these issues, or another hot issue of your own:
Types of captives being formed. What's hot?
New uses for existing captives.
Are you seeing domicile movement? (Offshore to onshore? Redomiciling within the US? Which domiciles are you liking today?)
Your thoughts on a federal systemic regulator's appropriate role -- what do you think should happen or NOT happen?
Capitalization/collateralization issues for new or existing captives. I'd love to hear how that's going for you.
Fronting costs or capacity -- anything new there that I should know about?
Anything else worthy of mention?
Your companies and names will be held in strictest confidence. I look forward to hearing from you this evening or tomorrow, and hope you will join the webcast too.
If you haven't registered yet, registration is free online at www.ambest.com/captive09.
Thanks so much for your friendship!
I look forward to catching up with many of you at VCIA.
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