Colorado News

Colorado Appoints 3 to Workers’ Comp Cost Containment Board

Colorado Gov. Bill Ritter has has made three appointments to the Workers’ Compensation Cost Containment Board. Michael W. Mitchell of Windsor will serve a term expiring Dec. 13, 2011. Richard C. Zellen of Arvada will serve a term expiring Dec. …

Pinnacol Separation Proposal Off the Table for 2010

The Colorado General Assembly has decided not to consider Pinnacol Assurance’s proposed plan to separate from the state, according to the company. Earlier in March, the quasi-governmental workers’ compensation insurer had submitted a potential separation agreement to Colorado Gov. Bill …

Former California State Fund President Earned $1.6 Million

The ex-president of California’s largest provider of workers’ compensation earned more than $1.6 million in her two years on the job, according to a Los Angeles Times report. Janet Frank, 58, was hired in 2007 to oversee State Fund after …

State Budget Deficits Could Harm the Insurance Industry

While 2009 was a tough year to do business, state and city leaders say 2010 and 2011 will be even tougher — the outcome of which could have negative implications for the insurance industry. A number of states are struggling …

Pinnacol Assurance Offers Colorado $330 Million to Become Private Insurer

Pinnacol Assurance, Colorado’s quasi-governmental workers’ compensation insurer, has submitted a potential separation agreement to Colorado Gov. Bill Ritter that would establish Pinnacol as a domestic mutual insurance company owned by its policyholders in exchange for $330 million that could help …

Colorado Wants Protections Against Uninsured Motorists

The Colorado House has passed a bill that requires a motor vehicle insurance company to be appointed as an insured person’s agent in a lawsuit arising from an accident in which the at-fault driver is deemed to be “uninsured.” House …

Gallagher Benefit Services Names Thomas Client Consultant

Gallagher Benefit Services Inc. in Greenwood Village, Colo., has hired Keeli Thomas as client consultant. She will focus on new business development in the 50- to 250-employee market. Thomas has more than 12 years’ experience in the insurance industry. Before …

Top 10 Internet Frauds and Top 10 States for Fraud Complaints

Online crime complaints increased substantially once again last year, with the number of fraud complaints jumping 22.3 percent and total losses linked to online fraud reaching almost $560 million. That’s according to the Internet Crime Complaint Center, a partnership between …

IMA Promotes Sims and Harvath to Vice Presidents

Denver-based IMA of Colorado Inc., a retail insurance brokerage, announced that Cathy Sims has been promoted to vice president – employee benefits, and Sandy Harvath has been promoted to vice president – commercial lines. IMA of Colorado is part of …

A.M. Best B+ (Good) Rated Contractor GL Insurance Carrier Expanding to 35 States

National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made available in Alabama, Connecticut, Indiana, Iowa, Kansas, Ohio, Mississippi, …