Colorado News

Insurance Broker Pleads to Embezzling in Colorado

A Hawaii resident has pleaded guilty in Denver to an embezzling charge. Fifty-nine-year-old Barney T. Lyles was accused of embezzling from an employee benefit fund when he was chief executive officer at the defunct insurance broker company BLIS International Group. …

North Carolina Firms Seek to Limit Liability in Parasailing Deaths

Two North Carolina companies have filed a complaint in federal court aimed at removing them from liability in the deaths of two women killed in a parasailing crash. The Sun News of Myrtle Beach, S.C. reported that the complaint by …

California Environmental Extremist Arrested for 2006 Arson

Three years after the discovery of a failed incendiary device at a suburban Pasadena real estate construction site, FBI agents have used DNA analysis to arrest a man in Texas in a case they believe may involve environmental extremism. Stephen …

People

Jim Newberry, assistant vice president and risk control manager of Island Insurance in Honolulu, has received the Risk Management/Insurance Practice Specialty Safety Professional of the Year Award. The award is from the American Society of Safety Engineers (ASSE). Newberry has …

Colorado Considers Laws for Pinnacol

Colorado lawmakers have filed bills to require better oversight for the state’s workers’ compensation insurer, saying they can’t ignore problems uncovered during weeks of hearings this summer. The proposals included revamping Pinnacol Assurance’s board for better oversight, increasing transparency and …

Health Rates Rose Fast in West

Family health care premiums rose an estimated three to five times faster than earnings for workers in Western states from 2000 through 2009, according to a report issued by the consumer health organization Families USA. In California, for example, family …

Colorado’s MeyersDining Insurance Bought By CBIZ

Cleveland, Ohio-based employee benefits and accounting services firm CBIZ, Inc. has acquired MeyersDining, LLC, an insurance agency located in Boulder, Colorado, the company announced. Founded in 2005 with the merger of firms owned by Gary Meyers and Elizabeth Dining, MeyersDining …

Deer Crashes Increase in Colorado

State Farm Insurance says the number of collisions between vehicles and deer in Colorado has increased by 19 percent since 2004. The study released this week by the insurance company says most of the car accidents on Highway 82 between …

Colorado’s Pinnacol Weighed Purchase of Other Insurers

Documents show a state-chartered workers compensation insurer in Colorado once planned to seek permission to buy other insurance companies but later backed off. The Denver Post reported Wednesday that Pinnacol Assurance dropped the plan after business groups recommended no changes …

Colorado’s Pinnacol Defends Actions

Executives from Colorado’s state-chartered workers’ compensation insurance company defended themselves against accusations of lavish spending and excess profits during a legislative hearing and they told lawmakers it would be counterproductive for them to mistreat injured workers to increase profits. Pinnacol …