Irving, Texas, April 27, 2016 – American Recovery Association (ARA), the world’s largest association of recovery and remarketing professionals, is excited to announce that ARA members who participate in the exclusive ARA insurance program have an average loss ratio 20% below the industry average. This program-wide loss ratio allows a dividend back on insurance premiums for all program participants.
In our computer tech business environment, it is not uncommon to see a field agent pull their recovery vehicle into a business parking lot and use the “FREE WI-FI” to perform actions on their laptop, notebook or smart phone. The use of the “FREE WI-FI” network is perceived to speed up the process and save money in communication costs.
But when field agents use this type of “FREE WI-FI” every agency owner should ask themselves, “Is this a safe and compliant action or does the use of “FREE WI-FI” networks place protected consumer data and agency information at risk?”
From the Desk of Recovery Specialist Insurance Group
Manassas, VA – April 22, 2016 -Recovery Specialist Insurance Group has always been known as the cream of the crop when it comes to insuring repossessors. But some lately begin to talk that perhaps we’re not as selective as we once were. We disagree. We still deny membership to a majority of people who reach out to us because they cannot meet our underwriting requirements. Each member of RSIG goes through a stringent underwriting process and through this process we see the good, the bad and the ugly.
RSIG is an insurance entity. Our strength comes from our underwriting expertise and our ability to find and maintain insurance for an industry plagued with politics, egos and at times unscrupulous behaviors on both sides of the desk… the insurance client (you, the repossessor) and on the other side the insurance agent.
By hosting a record-breaking crowd, NARS 2016 proved to be bigger and better than ever before
FOR IMMEDIATE RELEASE
DALLAS, Texas – April 22, 2016 – The North American Repossessors Summit (NARS), an industry event hosted by American Recovery Association, Inc. (ARA) and presented by Harding Brooks Insurance, is proud to announce the success of NARS 2016. The summit ushered in a new era for the recovery and remarketing industry. From a record-breaking attendance of nearly 600 attendees, including recovery and remarketing professionals and lenders, to a wildly successful auction contributing $9,600 to the Recovery Agents Benefit Fund, NARS has proven again to be the “must attend” event of the year.
The Recovery Agents Benefit Fund attended NARS (the North American Repossessors Summit) in Dallas held last week. Proceeds from the auction hosted on Friday night resulted in just over $8600.00 being donated to the fund from just 17 items. Another $990 in cash donations and raffle ticket sales for the Dynamic Slide In unit brings the total collected from the event to $9605.00.
An email message to agents appeared in my inbox yesterday that causes great alarm to me and should be ringing your alarm bells too.
In an attempt to fall within an undefined state of “COMPLIANCE” a strong player within the recovery industry has taken it upon themselves to set “Work environment financial rules” that are clearly set out to do one thing and that is creating a network- nationwide price scheme for services rendered, your services not theirs and without regard to your loss or profit, they have set the price at $125 dollars.
“Honestly, I think it’s kind of creepy. I would use the word ‘stalking’ almost,” said Assemblyman Jeffrey Dinowitz, D-Bronx, who has introduced a bill to limit the way police may use plate readers and make New York one of the few states prohibiting their use by private companies.
FORT WORTH, TX 04/12/2016 – Digital Recognition Network (DRN) (www.DRNData.com) announced today that the company has entered into a settlement agreement to resolve the litigation accusing Four Repossession Agencies (Agents) of breaching their license agreements with DRN, misappropriating DRN’s trade secrets, and violating the Federal Computer Fraud and Abuse Act and Texas’ Harmful Access by Computer statute.