Colorado News

North Carolina Escapes Storms; Will It Escape Florida’s Insurance Woes?

Earlier in 2010, Colorado State’s Tropical Meteorology Project forecasted eight hurricanes to emerge from 15 named tropical storms in the Atlantic basin. Of those, four were forecasted to become major hurricanes. On August 29, Tropical Storm Earl was upgraded to …

Some Vestiges of Patent Infringement Coverage Remain

Despite multiple changes in general liability forms, redefined offenses, and the addition of exclusions, there are still instances in which coverage for patent infringement may exist. Under the standard commercial general liability policy, the coverage is provided in two sections. …

Republicans Gain Control in State Houses, Governor Offices

Republicans were not only victorious in the U.S. House but also in state houses across the country. The new GOP power will give the party its largest number of seats in state legislatures since the Great Depression, according to the …

Why Cash Flow Outweighs Profits in a Tough Economy

Simple Steps to Improve Agency Cash Flow Cash flow today is probably more critical to small businesses than anytime in 20 or maybe even 40 years. This is especially true for agencies. I have seen many articles written about agencies …

$12 Million Recovered for Colorado Insurance Consumers, State Claims

Colorado insurance regulators fielded more than 25,500 inquiries from consumers in the past year, resulting in a total of nearly 5,000 formal grievances. During this period, the investigation of these grievances amounted to more than $12 million being recovered for …

Pinnacol CEO Recognized by City Business Journal

Ken Ross, president and CEO of Denver-based Pinnacol Assurance, has been selected as the 2010 Denver Business Journal Power Book recipient in the Health Care Category. The Power Book recognizes top business leaders in 13 categories across the state of …

Why Now Is a Good Time for Agency Network Growth

They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but in the past few years they have become …

5,000 Coloradoans File Complaints Against Insurers

Nearly 5,000 formal complaints from more than 26,000 consumer inquiries on insurance questions have been filed by Coloradoans with the state Division of Insurance. According to the DOI’s annual report on “Complaints Against Insurers,” more than $12 million was restored …

Republicans Gain Control in State Houses

Republicans were not only victorious in the U.S. House but also in state houses across the country. Tuesday night’s GOP power will give the party its largest number of seats in state legislatures since the Great Depression, according to the …

State Auto Reports Drop in Income, Higher Combined Ratio in Q3

State Auto Financial Corp., headquartered in Columbus, Ohio, reported third quarter 2010 net income of $0.2 million, or $0.00 per diluted share, versus net income of $13.0 million, or $0.33 per diluted share, for the third quarter of 2009. Net …