Fitch reaffirms AA+ rating for CPS Energy bondsFitch Ratings has confirmed its AA+ rating for San Antonio’s electric and gas systems revenue bonds, Series 2008A, issued on behalf of CPS Energy. WellNet unveils Alamo City officeBethesda, MD-based WellNet Healthcare has opened an office in San Antonio as part of its plans to expand its reach in the Southwest. Skanska USA wins merit awardSkanska USA Building Inc.’s San Antonio office has been honored for its work on the Bell County Jail project by the Associated Builders and Contractors (ABC) of South Texas. U.S. in recession since December 2007The U.S. economy has been in a recession for all of 2008, according to the National Bureau of Economic Research. Diabetes expert to speak at presidential lecture seriesLeading diabetes expert Dr. C. Ronald Kahn will speak Tuesday, Dec. 2, at the 7th Annual Presidential Distinguished Lecture series at the University of Texas Health Science Center at San Antonio. PUC sets interest rates for overbillingThe Public Utility Commission of Texas has established what interest rates should apply when reimbursing utility customers after they’ve been overbilled. TWC announces unemployment benefit extentionUnemployment Insurance benefits have been extended for seven weeks, the Texas Workforce Commission has announced. President Bush recently signed legislation providing up to seven weeks of emergency unemployment benefits to workers who have exhausted their benefits and are still unemployed. The extended benefits are federally funded and employers will not be charged for any claims paid on this extension, the TWC says. General Growth secures two-week loan extensionGeneral Growth Properties Inc., the owner of two major shopping centers in San Antonio, has reached an agreement with its syndicate of lenders for a two-week extension on mortgage loans totaling $900 million. (GGP) Digital Defense unveils new info-security programDigital Defense has introduced a new program that will help companies test the security of information systems of possible acquisition targets before finalizing the deal. Sunrise Solar expands footprint into AsiaSunrise Solar Corp. has opened its first permanent international office in Beijing, China, which it will use to pursue solar energy projects throughout Asia. (FSLR) (KYO)
data showing whether motorists have let their policies lapse.
In the light of the new law, people are looking to find faster ways to get car in a hurry to avoid the laws and penalties, especially through online sites.
Senator Jackie Spear, who wrote the bill, which goes into effect, says although California’s drivers laws already requires motorists to carry proof of with them at all times when they drive, many motorists on the road still don’t.
"People found a clever way around it. They would get when they had to register their vehicle and a month later they would cancel it,” Spears remarked.
The newly enacted bill now requires companies in California to electronically report to the DMV who is buying liability and who is canceling it. State and local law agencies will now have access to that information during traffic stops, and will write up non-compliant drivers without a policy. Violators who do not have at the time they are pulled over will face stiff fines.
"They will be slapped with a $250 fee that, with enhancements, is almost $700. Plus you're going to have to get auto insurance, so it's a sting of about $1000," Spear remarked during an interview with KCBS–TV in San Francisco.
The fear of these new fines, along with the rising costs of living, and the need to find ways to streamline personal expenses, are sending people online to find due to its lower policy rates and overall convenience.
Insurance-Info-Center.com, a national online quote site, offers free, no-obligation auto quotes that, on average, lowers the standard rates of a typical user by an average of $451 a year.
Senator Spear was also the writer of a 1996 bill that requires proof of liability insurance. She stated that since it's passed, the number of uninsured drivers in accidents has been reduced by 50 percent.
Article Source: Articles Beyond Better
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