Colorado Raising Workers’ Comp Insurance Loss Costs 3.4% Most Colorado employers will be looking at an average 3.4 percent increase in workers’ compensation insurance loss costs, increasing the overall premiums they pay for workers’ compensation insurance in 2011, the state …
Pinnacol Assurance Awarded Five Gold Leaf Awards
Denver-based Pinnacol Assurance, Colorado’s leading workers’ compensation provider, received five communications awards at the annual Colorado Healthcare Communicators awards dinner. Pinnacol won two Gold Leaf Awards, a Silver Leaf Award and two Bronze Leaf Awards in five separate categories, including …
Arizona Council of NAIW Elects New Officers
The Arizona Council of the National Association of Insurance Women has elected Betty Watson of Passey-Bond Co. in Mesa as Arizona Council Director. Other new officers are: Membership Chair Jessica John of Colorado Casualty Co. in Phoenix; Public Relations Chair …
Mississippi Executive Wins $103 Million in Lawsuit Against Lawyer
A Mississippi businessman has been awarded $103 million in a lawsuit against the Chicago-based law firm that he accused of defrauding his oil and gas business. Lavon Evans Jr. filed the lawsuit in Jones County Circuit Court in Mississippi in …
New IFRS Standards, Solvency II Pose a ‘Double Hurdle’ Says Willis Re
Two reports from Willis Re analyze the impact the insurance industry faces from the “double hurdles” of Solvency II and the new International Financial Reporting Standard (IFRS) due in 2013.” They explore the “current state of play of these major …
Amica CEO DiMuccio Elected Chair Of Insurer Group PCI
The Property Casualty Insurers Association of America (PCI) elected new officers to its Board of Governors during its annual meeting examining in Colorado Springs. Robert A. DiMuccio, chairman, president and chief executive officer, Amica Mutual Insurance Co., was elected as …
Colorado Revising Flood Plain Rules
The staff of the Colorado Water Conservation Board is backing off a suggested flood plain rule that could have further limited where new hospitals, police stations and other critical facilities could be built. The board is updating rules adopted in …
Pacific Pioneer Insurance Rating Upgraded to B++
A.M. Best Co. has upgraded the financial strength rating of Pacific Pioneer Insurance Co. to “B++” from “B+,” and issuer credit rating to “bbb” from “bbb-.” The outlook for both ratings is stable, according to the rating agency. A.M. Best …
P/C Executives Encouraged to Be Optimistic Amid America’s Challenges
An executive of a national insurance company trade group told insurance CEOs and senior executives that America faces a struggle between two competing visions for the future – a choice between a free market system and an expanded federal government. …
Colorado Insurance Commissioner Recognized for Consumer Advocacy’
Colorado Insurance Commissioner Marcy Morrison has received the Excellence in Consumer Advocacy award, presented by the National Association of Insurance Commissioners (NAIC) Consumer Representatives, at NAIC’s national meeting in Orlando, Fla. Commissioner Morrison was recognized for her work on behalf …
