| NJ Agents Hope to End Auto Insurance Quote Requirement
New Jersey agents no longer want to be required by state law to provide quotes from all of their auto insurance companies to all auto insurance applicants. The Professional Insurance Agents of New Jersey Inc. and the Independent Insurance Agents and Brokers of New Jersey have secured introduction of a bill (A-3863) to change that law as well as a requirement that insurers provide three possible insurance premium scenarios to applicants. According to PIANJ President Andrew H. Anderson, these requirements are no longer appropriate in the current automobile insurance market. "The requirement for agents to provide quotes for all their represented companies places an unnecessary obligation on insurance agents and does not serve consumers because it fails to take into account all factors that agents consider when offering coverage options to consumers," said Anderson in recent testimony on the bill.
Editorial: Consumers need car protection now, not in 2010
The state is the high-tech capital of the world, yet state government is decades behind in using technology to create and maintain basic database systems. In agency after agency -- whether it's prisons, education or motor vehicles -- information systems are far behind those in other states. Monday's report by The Bee's Tony Bizjak -- "State's tops in car theft, but it shuns U.S. database" -- is a case in point. .
Credit Bureaus, Who are they?
Credit bureaus sell credit reports to credit grantors, such as banks, finance companies, and retailers. Additionally, credit bureaus will sell credit reports to potential employers, landlords and insurance companies. Businesses and Credit grantors use credit reports to determine creditworthiness. There are three major companies that are in the business of collecting and distributing credit histories on all Americans. If you're an average American, it's more than likely all three companies have a credit history report on you. Experian, TransUnion, and Equifax are all competitors -- which means -- each company has a different version of your credit history. This makes it necessary to obtain reports from all three companies, to ensure that no erroneous information is within their files.
Next generation mobile technologies set to boost growth in Europe
[A new report from Frost & Sullivan says next generation mobile networks, customized multimedia content and user-generated content are poised to drive new growth in Europe's saturated mobile communications market.] London -- The advent of various emerging mobile broadband wireless access technologies and the adoption of multimedia and user-generated content are going to create new growth momentum across the European mobile communications market. "The mobile market in Europe is reaching saturation and maturity and is ready for innovative challenges," notes Frost & Sullivan. Research Analyst Saverio Romeo. "These challenges, namely next generation mobile networks, customised multimedia content and user-generated content, can combine to provide fresh impetus for growth in the mobile industry." Penetration of 3G mobile networks has reached nearly 13 per cent in Western Europe.
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