Colorado News

Insurance Co. and Colorado Farmers Settle Fraud Claim

Two Colorado potato farmers and the Great American Insurance Company have agreed to settle a case in which they are accused of making false crop insurance claims for $131,000, the U.S. attorney in Denver, John Walsh, announced this week. In …

Lawsuit Filed Over Continental Airlines Crash at Denver Airport

Passengers on a Continental Airlines flight that crashed at Denver International Airport are blaming air traffic controllers for the accident. A lawsuit filed in federal court by 21 passengers claims air traffic controllers underestimated the wind speed and broke Federal …

Riesberg Named Colo. Insurance Commissioner

Colorado Gov. John Hickenlooper announced that Rep. Jim Riesberg will be the state’s new Commissioner of Insurance. He will resign his House seat on June 30 and start work on July 1. Riesberg will replace John J. Postolowski, who was …

Report: Pinnacol Execs’ $4.3M Package Could Change

Colorado Gov. John Hickenlooper and the new chairman of Pinnacol Assurance are looking into changing terms of a $4.3 million severance package for top executives of the state-chartered insurer. Hickenlooper and chairman Blair Richardson confirmed attorneys are looking at the …

St. Paul Fire & Marine Sues Denver Broncos

St. Paul Fire & Marine Insurance has filed a lawsuit against the Denver Broncos and nine of its former players, saying its policies only covered claims in New Mexico for a “class of employee that did not include football players.” …

Pinnacol Audit Finds No Impropriety

An audit committee has found no evidence of impropriety in Pinnacol Assurance’s incentive, expense and pay policies, but nevertheless recommended the Colorado-based workers’ compensation insurer “maintain a heightened sensitivity that reflects Pinnacol’s unique public nature while operating in the private …

Weber Joins Poms & Associates’ Colorado Office

Poms & Associates Insurance Brokers Inc., an insurance brokerage firm, has announced that Joseph Weber has joined the firm’s Colorado office as account executive in the property and casualty group. He will work with medium to large property and casualty …

Colo. Governor Approves Workers’ Comp Reforms

Colorado Gov. John Hickenlooper has signed legislation approving state workers’ compensation reforms. Senate Bill 11-199, sponsored in the House by James Riesberg, D, and sponsored in the Senate by Lois Tochtrop, D: Requires an employer to admit liability for reasonable …

Progressive Seeks to Add 95 Employees in Colorado

Ohio-based The Progressive Group of Insurance Companies announced it is seeking to fill fill 95 sales and customer service positions in Colorado Springs, Colo., by the end of June. The hiring plans come as the company’s vehicle insurance business grows. …

Colo. Court: Insurer Can’t Be Sued By Another Insurer for Failing to Cancel Policy

A Colorado Court of Appeal has ruled that an insurer cannot file suit against another insurer for its failure to cancel a policy. According to court documents in First Comp Insurance v. Industrial Claim Appeals Office of the State of …