Moderators .... didn't know where else to post this, if it is in the wrong area please move it as you see fit .... I just received the following notice
:
"National Warranty Insurance Risk Retention Group, the administrator and insurer of Warranty Gold extended service contracts purchased prior to June 6, 2003, was recently declared insolvent. National Warranty is responsible for paying claims from monies deposited by Warranty Gold on behalf of our customers, and if those funds prove insufficient, to pay all additional claims from the insurance paid for by Warranty Gold. A court has frozen National Warranty's assets for liquidation, and this has resulted in a delay of payment for repairs performed under many companies including Warranty Gold service contracts purchased prior to June 6, 2003."
Last year I, along with many others who I have seen post on this and other forums, bought a 150,000 mile warranty on my '02 3500 D/A. According to the information provided on http://www.warrantynews.com/ my warranty currently isn't worth the paper it is printed on.
My truck currently has over 45,000 so no additional coverage can be purchased through GM. I'm afraid this leaves a bunch of us tough shape if we need repairs ... JimEdited by: Diesel Power

"National Warranty Insurance Risk Retention Group, the administrator and insurer of Warranty Gold extended service contracts purchased prior to June 6, 2003, was recently declared insolvent. National Warranty is responsible for paying claims from monies deposited by Warranty Gold on behalf of our customers, and if those funds prove insufficient, to pay all additional claims from the insurance paid for by Warranty Gold. A court has frozen National Warranty's assets for liquidation, and this has resulted in a delay of payment for repairs performed under many companies including Warranty Gold service contracts purchased prior to June 6, 2003."
Last year I, along with many others who I have seen post on this and other forums, bought a 150,000 mile warranty on my '02 3500 D/A. According to the information provided on http://www.warrantynews.com/ my warranty currently isn't worth the paper it is printed on.
