Latest Colorado Headlines
All the headlines from our Colorado Topic Page, ordered by recency.
NAII Says Colo. No-Fault Regulation Would Not Allow Pre-Authorization Requirement for Medical Care
Aug 16 2002 // A proposed Colorado regulation would prohibit auto insurers from requiring pre-authorization before someone injured in an auto accident receives medical treatment under the state’s no-fault insurance law, according...
Eight Insurers Exposed to 73 Percent of Homeowners Risk in Western Fire-Prone States
Aug 15 2002 // In seven Western fire-prone states, only eight large property and casualty insurers are exposed to 72.9 percent of the home insurance risk, according to a recent analysis by Weiss Ratings, Inc. At year-end 2001, eight...
Workers’ Comp Loss Costs Expected to Decrease for Some Colo. Employers
Aug 12 2002 // Workers’ compensation costs for some Colorado employers may decrease on average about 10.2 percent later this year. Insurance Commissioner William J. Kirven III announced that the National Council on Compensation...
NAII SAYS COLO. CHANGES UNCONSTITUTIONAL
Aug 5 2002 // Colorado court decisions that allowed retroactive mental anguish damages in private contract disputes are unconstitutional and should be overruled, the National Association of Independent Insurers (NAII) maintains....
NAII SAYS COLO. CHANGES UNCONSTITUTIONAL
Aug 5 2002 // Colorado court decisions that allowed retroactive mental anguish damages in private contract disputes are unconstitutional and should be overruled, the National Association of Independent Insurers (NAII) maintains....
Colo. Insurance Commissioner Resigns
Jul 29 2002 // Colorado Insurance Commissioner William Kirven III announced his resignation from the Division of Insurance effective August 9. “The governor asked for his resignation, and he will pursue other career options,”...
Colo. P/C Insurer Fined
Jul 25 2002 // The Colorado Division of Insurance has fined property/casualty insurer GuideOne Mutual Insurance Company $15,500 as a result of a recent market conduct examination. Violations cited included the alleged failure of the...
NAII Says Colo. Mandated Retroactive Changes in Contracts Are Unconstitutional
Jul 23 2002 // Colorado court decisions that allowed retroactive mental anguish damages in private contract disputes are unconstitutional and should be overruled, the National Association of Independent Insurers (NAII)...
Colo. Bill Would Prohibit Insurers From Refusing to Issue Fire Policy in Disaster Area
Jul 12 2002 // The Colorado House gave initial approval July 10 to a Senate bill that would prohibit insurers from refusing to issue a fire insurance policy within a federally designated disaster area due to wildfire. The prohibition...
Colo. Fires to Cost Companies Record-Setting $79.3M
Jul 10 2002 // Insurers are looking at a price tag of $79.3 million as a result of destruction caused by four key wildfires that have done away with nearly 300 homes in Colorado this season, according to the Associated Press. The Rocky...
Insurers Reveal Damage Estimates from Colo. Wildfires
Jul 4 2002 // Damage from three wildfires that recently ravaged Colorado could cost insurers a record setting $50 million, according to the Associated Press. Preliminary estimates revealed that State Farm anticipates a payout of $24.7...
Colorado’s Foremost Insurance Co. Extends Payment Deadlines as a Result of Wild Fires
Jul 1 2002 // Foremost Insurance Group of companies is extending all payment deadlines due to severe fires in Colorado. The extension applies to all Foremost customers in Colorado, for all types of policies. Customers will receive a...
The Storms Will be Out There: Average Hurricane Season Predicted
Jun 24 2002 // Colorado State University hurricane forecasters, led by Dr. William Gray, recently lowered this year’s Atlantic basin hurricane forecast numbers, but that hasn’t prevented insurance commissioners from states...
Colo. Wildfires Won’t Increase Homeowners Rates
Jun 18 2002 // Despite the severity of the Colorado wildfires that have blazed through the state in recent weeks, the good news is that insurance companies insist homeowners rates won’t rise due to the immense amount of claims...
Colo. Division Receives Re-accreditation
Jun 14 2002 // The Colorado Division of Insurance has received national re-accreditation by the National Association of Insurance Commissioners (NAIC) after a review of the division’s financial examination process. The NAIC...
PREVENTION INSURANCE CO. Purchases 80 Percent Controlling Interest in PWI
Jun 12 2002 // PREVENTION INSURANCE COMPANY has acquired for restricted stock an 80 percent controlling interest in privately held Pacific Western Insurance of Seattle. Pacific Western Insurance, founded in 1993, is a wholesale broker of...
4 Insurance Cos. Suspended in Colorado
May 29 2002 // Four insurance companies have been suspended from doing business in Colorado due to hazardous financial conditions. The companies, Fremont Indemnity Company, Fremont Compensation Insurance Company, and Fremont Pacific...
Insurers Detour Major ‘Hits’ In Final Minutes of Colo. Session
May 20 2002 // The insurance industry emerged from the just-concluded state legislative session in Colorado with few significant “hits” although the one-year extension of the no-fault auto insurance law was longer than most...
Colo. Legislature Acts to Extend No-Fault Law One Year as Session Ends
May 14 2002 // During the hectic final days of its 2002 session, the Colorado Legislature passed legislation extending the sunset of the no-fault auto insurance law to July 2003. In a flurry of last-minute activity, the Senate wrapped a...
Fate of Colo. No-Fault Law up in Air
May 3 2002 // The fate of Colorado’s no-fault auto insurance law is up in the air as the state legislature fast approaches its May 8 adjournment date. The no-fault law will sunset on July 1 unless legislation is enacted to extend...
