Auto Glass Logistics (AGL) Mitigates Anti-Steering Risks For US Insurers
BOSTON, Feb. 26, 2013 /PRNewswire/ -- Auto Glass Logistics (AGL), an independent nationwide dispatcher of passenger, recreational, commercial, and industrial vehicle glass repair and replacement services, today reaffirms its commitment to mitigate risks for insurers.
The present sweeping Consumer Protection (CP) legal trend concerning the vehicle glass repair and replacement industry is focused on anti-claims steering legislation specifically directed at insurance companies. Several state legislatures have bills pending either under committee discussion or in the form of proposed regulatory acts awaiting enactment. The Commonwealth of Massachusetts enacted such a law last year that become effective November 1, 2012, and watch dog groups have already threatened civil actions, including class action lawsuits against unfair or deceptive practices.
AGL has no ownership interest in any installer, product manufacturer, or wholesale/retail source of supply, ensuring total freedom of choice within its proven Service Provider (SP) network. This independence is both significant and timely, as more and more state legislatures are now focusing on consumer auto glass claims conflicts of interest, anti-competition, and anti-steering laws.
Chairman Jay F. Theise said today, "Auto Glass Logistics (AGL) was founded on a business model that is completely free of the prohibitions, acts, and practices this trend targets. Insurers who choose AGL will have a competitive advantage going forward, and proactively mitigate risk from the growing anti-steering legislation trend nationwide."More information about anti-steering efforts and AGL's independent business model can be found on the Press & Announcements section of its website: www.autoglasslogistics.com/press/. Road America Has Signed with AGL Auto Glass Logistics (AGL) is also pleased to announce that Road America Motor Club, a MAPFRE company, has signed with AGL, designating it a Preferred Motor Vehicle Glass Repair and Replacement Vendor.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV