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Colorado News

Wis. Senate Squeaks Through Bill to Ban Credit Scoring

With the 2008 legislative sessions now in full swing, many states are taking another look at the issue of insurers using credit scoring to underwrite or rate auto or homeowners insurance. Insurance trade groups are stepping up efforts in state …

Hall of Shame Scams Shocking

The Coalition reports that nearly one of four Americans say it’s ok to defraud insurers. Some 8 percent say it’s “quite acceptable” to bilk insurers, while 16 percent say it’s “somewhat acceptable.” No matter how many times we read the …

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. Collector Vehicles Nuts & Bolts: Markel American Insurance Co. has introduced a collector vehicle insurance …

States Look to Curb Text-Messaging Drivers; Could GPS Users Be Next?

Text messaging is all the rage. Hopefully, not a road rage. An increasing number of state lawmakers are concerned by the rash of accidents caused by text-happy drivers. Although many states already have laws that require cell phone-users to wear …

Teacher, Gypsy, Even an Insurance Agent Make Fraud Hall of Shame List

A glass-eating gypsy, a teacher who faked terminal cancer, and an insurance agent who killed homeless clients are among the top insurance swindlers of 2007. These convicted thieves were inducted into the Insurance Fraud Hall of Shame by the Coalition …

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. Private and Parochial Schools Nuts & Bolts: Francis L. Dean & Associates of Colorado is …

Surety Expert Rons Joins Aon’s Denver Office

Aon Corporation has hired Scott Rons as assistant vice president, surety operations, for Aon Construction Services Group. Based in Denver, Rons will help enforce Aon Construction Services Group’s strategic commitment to grow its footprint in the state of Colorado. Rons, …

Colo. Agents Praise Credit Scoring Ban Defeat; Next Up: Wisc.

As the issue of credit scoring continues to be the subject of state legislative proposals, insurance agents in Colorado are celebrating the defeat of a bill that would have prohibited property/casualty insurers from using credit information as a underwriting factor …

ASI Lloyds to Enter Homeowners Marketplace in La.

ASI Lloyds (ASI), of St. Petersburg, Fla., announced plans to enter the personal property insurance market in Louisiana. ASI was recently a recipient of the Insure Louisiana Incentive program sponsored by the state. ASI plans to begin writing new homeowners …

CO Credit Ban Defeated on House Floor

The Colorado House rejected legislation Tuesday that would have prohibited insurers from using credit information as a factor for the acceptance, denial, renewal or rating of a potential insured for insurance underwriting purposes in connection with property/casualty insurance. The Property …