BNET Industries
Last Fiscal Year Sales:$11.7M
- Private
- US
Dow Jones Description
UWC, as part of the original Universal Companies of Omaha, Nebraska was incorporated in 1982 to act as an administrator of vehicle service contracts. Members of the Motors Insurance Group began underwriting segments of UWC's business in 1999. On June 15, 2000, UWC became part of the Motors Insurance Group, and its vehicle service contracts are now exclusively insured by MIC General Insurance Corporation and Motors Insurance Corporation (collectively "MIC"). As a pioneer in vehicle service contract business, MIC has been involved in insuring vehicle service contract programs since 1972 and continues to demonstrate solid operating performance and strong capitalization. For UWC, its new status within the Motors Insurance Group provides the financial strength and long-term stability that is often lacking in the independent third party market. UWC provides products and services tailored to the unique needs of franchised and independent dealerships. UWC currently offers its products through hundreds of dealers across the United States and has serviced our customers in over 6,000 dealerships across North America. UWC's commitment to the industry is further evidenced by the tenure of our administrative and claims support staff, which has an average of over 15 years experience. Our claim adjustment staff alone has an average of over 19 years of auto industry experience.
Number of Employees 84
Peer Companies
NAICS Code Insurance Agencies and Brokerages: 524210
News & Analysis
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universal warranty corp. - All News and Analysis
Auto News digest.(Briefs)(Kia Motor Finance Co. opens a service center)(Daimler Financial Services Americas L.L.C.)(Universal Warranty Corp.)
SouthwestRe offers GAP coverage ALBUQUERQUE, N.M. - SouthwestRe, a vendor of finance and insurance products, now offers guaranteed automotive protection insurance. GAP coverage makes up the difference between the balance on a vehicle consumer loan and the insurance payment when a car or truck...
GMAC buys Universal Warranty.(General Motors Acceptance Corp.)(Brief Article)
OMAHA, Neb. - General Motors Acceptance Corp. Insurance Holdings Inc. has bought a leading independent provider of extended service contracts, Universal Warranty Corp. of Omaha, Neb. GMAC Insurance Holdings wants to get into the business of selling service contracts to non-GM-affiliated dealers, said Reece...
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