Colorado News

Dragging Death Prompts Colo. Tow-Truck Bill

Tow-truck drivers and the widow of a Colorado Springs tow-truck driver dragged to his death earlier this year have passed the first hurdle to enacting safety changes. The Senate Judiciary Committee approved a bill that would require tow-truck drivers to …

McCubbin Joins IMA of Colorado’s Sales Team

IMA of Colorado Inc., a retail insurance brokerage, has announced that Mike McCubbin joined IMA as a business development executive. IMA of Colorado is part of the IMA Financial Group Inc., a financial services company specializing in insurance, asset and …

More Than 300 Homes Evacuated in Colorado Wildfire

Strong winds fueled a wildfire in canyon country west of Fort Collins, Colo., forcing the evacuation of 335 homes, authorities said April 3. There have been no reports of any injuries or damage to any of the dwellings, but the …

Colorado Bill Restricting Homeowners Insurance Cancellations Defeated

The Colorado House Economic and Business Development Committee has voted 9-4 to defeat a bill that homeowner’s insurance carriers say would have restricted their underwriting freedoms and their ability to provide consumers with rates that accurately reflect the consumer’s risk …

Colorado’s Pinnacol Assurance CEO Stripped of 2010 Bonus

The board of insurance company Pinnacol Assurance has voted to strip CEO Kenneth Ross of his bonus for 2010. The Denver Post reports the board of the state-chartered workers’ compensation insurer made its decision Mar. 2 regarding the $163,115 bonus. …

Colorado Aims to Rein In Pinnacol’s Spending

A Colorado legislator has proposed a bill to limit spending at state-chartered entities, like Pinnacol Assurance. Last year, the the quasi-governmental workers’ compensation insurer was criticized for lavish spending at a work-related event at Pebble Beach, Calif. The bill, House …

Colo. Governor Recommends Three to Pinnacol’s Board

Colorado’s Senate Business, Labor and Technology Committee has unanimously recommended the confirmation of John Cevette, Blair Richardson and John Plotkin to Pinnacol Assurance’s board of directors. On Tuesday, Colorado Gov. John Hickenlooper signed executive orders to appoint John Plotkin and …

Calif., Colorado Consider Banning ‘Crash Taxes’

Legislators in both California and Colorado have proposed new laws that would prohibit communities from charging a fee when police and fire personnel respond to motor vehicle accidents. The city of Sacramento recently adopted just such a “fire recovery charge” …

Signature Select Adds Tolliver in Commercial Lines Practice

Denver-based Signature Select LLC, a retail insurance broker subsidiary of The IMA Financial Group Inc., today announced that it has expanded its commercial lines insurance practice in Denver and added Jim C. Tolliver as a business development executive. Tolliver has …

Colorado House Tables Credit Disclosure Bill

Legislators in Colorado are considering a bill that would require additional disclosures of information that insurers use for underwriting personal lines property/casualty insurance policies. House Bill 11-1127, concerning the use of consumer credit information, would make the filing of actuarial …