GWC Warranty Surpasses $400 Million in Claims Paid

WILKES-BARRE, Pa., Aug. 10, 2016 /PRNewswire/ -- GWC Warranty, the best-in-class provider of used vehicle service contracts and related finance and insurance products sold through automotive dealers, has successfully topped $400 million in claims paid to date.

GWC Warranty's $400 million in claims paid, combined with sister-company EasyCare's $3.1 billion, brings the APCO Holdings, Inc. claims paid total to more than $3.5 billion.

"Surpassing $400 million in claims paid is an important milestone for GWC and our dealers as well," said Rob Glander, CEO and President of GWC Warranty.  "By partnering with an organization that has totaled more than $3.5 billion in claims paid, dealers who sell GWC service contracts can rest assured that we'll stand behind it. And their customers can enjoy their vehicles knowing that if a breakdown occurs, GWC will be there to get them back on the road quickly."

This new claims paid milestone is the latest accolade for GWC Warranty, which is a Motor Trend® Recommended Best Buy for Independent Dealers and rated A+ by the Better Business Bureau. Since 2015, GWC has been designated a Bronze Level National Corporate Partner of the NIADA. For the past two years, GWC has also been recognized in both SubPrime Auto Finance News' SubPrime 125 and Auto Remarketing's Power 300.

About GWC Warranty

Established in 1995, GWC Warranty is the largest, best-in-class provider of used vehicle service contracts in the automotive industry, having helped bring a "No Worries, Just Drive" experience to more than 1.5 million drivers nationwide. Named a Motor Trend® Recommended Best Buy for Independent Dealers and rated A+ by the Better Business Bureau, GWC Warranty is committed to providing its dealer partners with service, products, training and technology to make them more successful. Along with Georgia-based EasyCare, GWC Warranty is part of APCO Holdings, whose majority shareholder is Toronto-based Ontario Teachers' Pension Plan, Canada's largest single-profession pension plan with over $133 billion in net assets. For more information about GWC Warranty please visit www.GWCwarranty.com.

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SOURCE GWC Warranty