Newsbriefs

FREQUENTLY ASKED QUESTIONS ABOUT TEXAS’ FINANCIAL RESPONSIBILITY VERIFICATION PROGRAM

Is personal information of insureds protected? Yes, data from insurance companies is encrypted before it is sent to the vendor, and anytime the vendor sends information electronically it, too, is encrypted. “We put a lot of security measures and requirements …

EMC INSURANCE REPORTS TORNADO LOSSES AT $21 MILLION

EMC Insurance Cos. said it expects to see losses of up to $21 million from storms in May, including devastating tornadoes that killed at least 11 people in Kansas. Des Moines-based EMC insures several businesses and homes in Greensburg, Kan. …

WASH. PASSES COMMISSIONER-BACKED MARKET CONDUCT PROGRAM

Washington Insurance Commissioner Mike Kreidler has issued a statement lauding the 2007 Legislature for giving his office more efficient regulatory tools and for allowing more effective consumer protection. “This has been a good session for Washington’s insurance-buying public,” he said, …

SAFETY RESOURCES

Following are safety and security resources that agents and insurers can recommend to their policyholders. Safety Advantage Network was developed by Indiana Insurance to help schools deal with all safety issues including natural disasters, fires and onsite hazards. The network …

STUDENTS, WEAPONS, AND SCHOOL BULLYING FACTS AND FIGURES

16 percent of 15,686 students surveyed nationally in the sixth though 10th grades said they had been bullied in that school year. Of the 16 percent, 6 percent admitted to bullying other students. 18 percent of students surveyed nationally said …

U.S. PROBES 2005 W. VA. MINE DEATH

The federal Mine Safety and Health Administration has decided to investigate a fatal 2005 West Virginia coal truck accident after all. MSHA and the state Office of Miners’ Health, Safety and Training did not investigate the Nov. 8, 2005 death …

STATE FARM TO REDUCE AUTO RATES 6 % IN ILL.

State Farm will reduce auto insurance rates an average of 6 percent in Illinois effective May 14, the company said in a statement this week. Premiums will dip by an average $40 a year statewide, though amounts will vary based …

NEIGHBORS SEEK TO DRAIN N.Y. CITY’S WATER RESEVOIRS TO STEM FUTURE FLOODING

Ten lawmakers want to drain off some of the reservoirs holding New York City drinking water, claiming lower water levels will help prevent flooding in riverside communities. House lawmakers from Pennsylvania, New Jersey, and upstate New York signed on to …

MISS. WIND POOL HIKE SLASHED

A new Mississippi insurance wind pool board approved a 142 percent increase for commercial premiums, a rate that’s significantly lower than it could have been because of $30 million from the federal government. Beginning April 15, new premiums for the …

N.C. CHIEF BLASTS CHANGES TO RATE SETTING SYSTEM

Consumers could see higher rates under legislation to eliminate the insurance commissioner’s rate approval authority that is before the North Carolina Senate, the state regulator is warning. “The insurance rate making system proposed in this legislation is almost guaranteed to …

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