The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Warrantech and Great American Insurance Announce Long-Term Agreement

10 October 2000

Warrantech and Great American Insurance Company Announce Long-Term Agreement
    EULESS, Texas, Oct. 10 Warrantech Corporation
(OTC Bulletin Board: WTEC) and Great American Insurance Company today
announced that they have reached a multi-year agreement.
    Under the agreement, Great American will provide underwriting for products
sold by Warrantech Automotive, Warrantech Consumer Products, and Warrantech
Home Service Company.  Since July 25, 2000, Great American has been the
underwriter for Warrantech's new RepairMaster Program and assumed all
underwriting effective September 1, 2000.
    Great American is a member of the American Financial Group, which is a
multi-line holding company with over sixteen billion dollars in assets.  The
group carries an A.M. Best Rating of "A-" Excellent.
    Joel San Antonio, Chairman and Chief Executive Officer stated "Warrantech
is extremely excited to have established a long-term relationship with Great
American.  We view this strategic partnership as a solid base from which we
can build our business long into the future.  We are very pleased that after
extensive review, Great American concluded that Warrantech was a viable and
appropriate strategic partner to grow its book of Extended Service Contract
Business."