NL Member News    Worldwide Legal Referrals to the Credit Industry Since 1900     Volume 55, August 2008    In This Issue: Insurance you need to protect your business in the event of a natural disaster Identity Theft, Red Flags and Notices of Address Discrepancy - November 1, 2008 Compliance Date National Business Institute (NBI) Continuing Education Press Releases Upcoming Events     Tip of the month:  To ensure you continue receiving the NL Member News newsletter, please add mailsystem@vtrenz.com to your address book or approved sender list. Read our basic instructions to learn how.       Insurance you need to protect your business in the event of a natural disaster "As wildfires rage through Southern California, tech companies are struggling with disruptions to their operations ...." C-Net NewsIn recent flooding, "50 percent of the roughly 800 Iowa manufacturers surveyed suffered from disrupted production" Midwest Business News Headlines like these grab the attention of small and large business owners alike. What can be done to protect your business property, employees, and services if a natural disaster strikes your area? What insurance do you need to fully cover your business and how do you get it? Basic property and business continuation insurance: Property insurance protects business owners from losses due to damage to the physical space or equipment. Your insurance may provide either actual cash value or replacement costs depending on your choice of coverage. Your business property insurance covers: your building, inventory, furniture, and supplies up to the limits of the policy. There are three types of property insurance plans: •  Basic form includes losses resulting from a fire (including wildfires), lightning, windstorm, hail and explosion and the cost of removing property to protect it from further damage •  Broad form extends basic coverage for other types of perils, such as a roof collapse (e.g. caused by snow or ice) •  Special form covers all direct physical losses except conditions specifically excluded   Note: Damage from floods and earthquakes are usually excluded from business property insurance coverage. Read the full article "Insurance you need to protect your business in the event of a natural disaster".     Identity Theft, Red Flags and Notices of Address Discrepancy - November 1, 2008 Compliance Date Reprinted with Permission from DBA International The FTC and other federal financial institutions regulatory agencies published the final rules on Identity Theft, Red Flags and Address Discrepancies under the Fair and Accurate Credit Transaction Act (FACT ACT) of 2003 on November 9, 2007. However, the effective date was January 1, 2008 with compliance required on November 1, 2008. The Final Rules require financial institutions and creditors to develop and implement an “Identity Theft Prevention Program” to combat identity theft.  The program must include reasonable policies and procedures for detecting, preventing and mitigating identity theft and enable a creditor to identify, detect, respond and update policies to address identity theft.  The Final Rules also require the users of consumer reports to develop reasonable policies and procedures to apply when they receive a notice of address discrepancy from a consumer reporting agency. The Final Rules contain guidance and recommendations that members can find within the Federal Register Vol. 71, No 137 and also at 16 C.F.R. Part 681. The Federal Register Vol. 71, No 137 is available by clicking here. This Alert is in no way intended to be legal advice and members are encouraged to consult with counsel of their choice. National Business Institute (NBI) - Continuing Education Our partner in continuing education National Business Institute, the nation's largest public provider of continuing education, offers tuition savings on ALL NBI continuing education courses for NL Members & Registered NL Users! Click here to view some hot topics offered in the coming months (check out the Teleconferences too!)  Press Releases  Well-established check cashing organization chooses IAT to boost agent effectiveness and success rates Salt Lake City, UT, August 4, 2008-PLS Financial Services is trying a new recipe for success in collections this summer by adding IAT's site-premised dialer CT Center to the mix. With more than 300 service centers across the United States and more than 3,000 employees, PLS Financial is one of the oldest and largest check cashing establishments in the industry. Still, the Chicago-based company hasn't opted to use dialing technology to expand their business and stay competitive. Until now. Read the complete IAT press release. Back to top Upcoming Events Debt Connection Debt Connection Symposium & Expo 2008 September 3-5, 2008 San Diego Marriott Hotel & Marina San Diego, CA Visit www.dcs2008.com       NARCA  2008 Fall Collection Conference October 16-18, 2008 Washington, DC Visit www.narca.org        NASP (National Association of Subrogation Professionals)     10th Anniversary NASP Conference November 2-5, 2008 Hollywood, FL Visit www.subrogation.org          Commercial Law League of America (CLLA) 88th New York Meeting   November 13-16, 2008 New York, NY Visit www.clla.org      The National List of Attorneys PO Box 2486, Bismarck ND 58502-2486  |  800.227.1675   The views and opinions expressed in this eNewsletter are those of the authors, and may not necessarily reflect those of The National List, Inc. This eNewsletter may include practice tips, best practices, and similar information. The National List, Inc. provides access for the dissemination of such information as a service to you without endorsement and recommendation.         Latest News...   The 2008-2009 NL directories were shipped the last week of July.  If you didn't receive your complimentary copy, contact us today at results@nationallist.com.   Remember to check www.nationallist.com for the latest attorney information as it is updated daily!            NL Member Links NL New Members Directory Updates Find an Attorney Summary of Collection Laws Bankruptcy Court Information NL Newsletter Archive NL Vendors & Suppliers      State Buyer Exchange Program 108 NLA Members are currently registered buyers with NLEX!  Registration is free, click here to learn more!              The YouveGotClaims® service is used by many of the leading debt buyers, collection agencies, and law firms in the country. 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