Monthly Archives: <span>July 2006</span>

RiskMeter Adds Flood Elevation Report to Service

CDS Business Mapping LLC. has added a new Flood Elevation report to its RiskMeter Online (www.RiskMeter.com) service to better understand flood risk for policies that fall outside a flood zone. “After the events of the 2005 hurricane season, many insurers …

Court Documents Allege New Mexico’s Serna Ran ‘Pay to Play’ Operation

While much of the controversy surrounding former New Mexico Insurance Superintendent Eric Serna has centered on Con Alma, his conduct wasn’t limited to the health foundation he founded, court documents allege. Serna and one of his top aides offered favorable …

Utah Advisory Board Recommends Alternative Traffic Tickets

The Holladay Citizens Advisory Board in Utah has recommended some traffic tickets not be reported to insurance companies so the offenders’ premium rates don’t go up. The proposal is opposed by the community’s leading law enforcement officer and has received …

Auto Club of SoCal Reduced Rates to Take Effect in December

California’s fourth-largest provider of auto insurance has agreed to base its rates on safety and driving frequency rather than primarily on where a driver lives. The plan, to take effect Dec. 1, would cut some $133 million from the annual …

Fla. Public Hurricane Model Data Available Online

The Florida Public Hurricane Model is now available on the Office of Insurance Regulation’s website according to Insurance Commissioner Kevin McCarty. Statewide data showing aggregate results of insurance company filings can now be viewed. The FPHM was created to provide …

Fla. Commissioner Supports Tougher Panhandle Building Codes

Florida Insurance Commissioner Kevin McCarty has testified before the Florida Building Commission on the need to expand Florida’s tougher building codes to areas of the Panhandle that had been exempted. The Florida Building Code allows wind-borne debris regions from Franklin …

Toyota Officials Being Investigated in Alleged Recall Negligence

Three Toyota officials are under a criminal investigation on suspicion of professional negligence in allegedly shirking recalls for eight years and not fixing a defect that may have caused an accident, Japanese police said July 11. Toyota Motor Corp. denied …

GM to Close Portuguese Factory by End of 2006; 1,200 Lost Jobs Possible

GM is to close its factory in Portugal this year and move production of its Combo vehicle to its factory in Zaragoza, Spain, the company’s Europe vice president said July 11. The move means 1,200 lost jobs at the Opel …

N.Y, N.J. Agents Cite Progress in Campaign Against GEICO Flyers

Since the inception of a controversial move by the Department of Motor Vehicles, the Professional Insurance Agents of New York State Inc. has taken the position that it is improper for the DMV to include ads from automobile insurers, such …

Severe Storms Cause Damage in Okla.

Recent severe thunderstorms in Oklahoma blew vehicles off roads, ripped off roofs and caused an ammonia leak that forced a business to be evacuated, authorities said. At least one person was reported injured when storms peeled away the roof of …