Colorado News

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …

Auto Exempted from Colorado Fair Accountable Insurance Rates Act

After more than five hours of testimony and deliberation on Colorado House Bill 1389, the House Business Affairs and Labor Committee has amended a controversial bill that insurance associations said would have imposed a prior approval regulatory system on insurance. …

Ratings Roundup: Indemnity, Safety, HCC, NAICO

A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” to Indemnity Insurance of DC Group (IIDC) and its members, all with stable outlooks. These ratings also apply to Indemnity Insurance Corporation …

Another Insurance Association Joins Fight to Defeat Colorado Auto Rate Bill

Another insurance association is joining in the fight to defeat Colorado House Bill 1389. The Fair Accountable Insurance Rates Act is expected to be heard in the House Business Affairs and Labor Committee on Thursday, April 17. According to the …

Lloyd’s Braces for U.S. Hurricanes

Lloyd’s insurers with exposures on the US East Coast have been told to brace themselves for an above average storm season, with as many as eight hurricanes tearing through the Atlantic. In an article on its web site (www.lloyds.com), Lloyd’s …

Swett & Crawford Appoints Sadler as Chief Operating Officer, EVP

Swett & Crawford named Michael S. “Steve” Sadler as chief operating officer and executive vice president of sales. The majority of Sadler’s career was spent at Marsh & McLennan, where in his 29-year tenure he held a series of top-level, …

Cereal Link to Salmonella Strain Probed in North Dakota, Other States

At least 23 people in 14 states, including North Dakota, have been sickened by the same strain of salmonella found in two breakfast cereals recalled by Malt-O-Meal, the federal Food and Drug Administration said Saturday. Officials in Minnesota are investigating …

Wyo. County Declares Snow Disaster

The Carbon County, Wyo., Commission has declared the entire county a snow disaster area after a severe winter that caused hardship for some ranchers. If the governor approves the disaster declaration, ranchers become eligible for assistance with feed costs if …

Hurricane Forecasters Issue April Update for 2008 Season

A “well above-average” Atlantic hurricane season with eight hurricanes and 15 named storms entering the basin is predicted for 2008, according to forecasters at Colorado State University’s Department of Atmospheric Science. “We have increased our seasonal forecast from our initial …

Colorado Legislation Threatens Auto Insurance Savings, Insurers Say

The Colorado Legislature is considering a bill that would add bureaucratic red tape and costs to the state’s automobile insurance system, claims the Property Casualty Insurers Association of America (PCI), which is opposing the bill. House Bill 1389, the Fair …