Colorado News

Willis HRH Appoints Richardson in Colorado

Willis HRH, the North American retail business of global insurance broker Willis Group Holdings, has named Jason M. Richardson as managing partner of its Colorado operations. In his new role, Richardson will be responsible for the company’s retail offices in …

Validus Names Cooper to Head No. Am. Catastrophe Re Underwriting

Bermuda-based Validus Holdings, Ltd. Has appointed Charles F.A. Cooper as the Head of North American Property Catastrophe Reinsurance Underwriting of Validus’ wholly-owned subsidiary Validus Reinsurance, Ltd., effective immediately. Validus RE CEO Conan Ward, noted Cooper’s “over fourteen years of international …

Flood Insurance Program Sued in Arizona to Protect Species

An environmental group is trying to slow development near ecologically fragile dry washes and desert riverbeds in Arizona by targeting the federal agency that provides the flood insurance essential to building there. WildEarth Guardians’ novel approach in its lawsuit against …

Colorado Officials Defend Pinnacol Actions

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

Colorado’s Pinnacol Under Scrutiny

Colorado’s dominant workers compensation insurer is defending its spending on travel and entertainment for its agents, telling Colorado lawmakers it’s good for morale and helps lower costs in the long run. Pinnacol Assurance’s expenses have included $143,930 for a luxury …

People

Colorado Casualty, a Liberty Mutual Agency Markets regional company headquartered in Centennial, Colo., has appointed Brent Irving to regional vice president for the company’s Arizona territory, which includes Nevada and New Mexico. Prior to this appointment, Irving was vice president …

It Figures

40 The number of hours of training in a single 24-hour day claimed by some Denver firefighters in false reports to Insurance Services Office, which rates fire protection based on training and other factors. The Denver Fire Department has acknowledged …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Waste Operations Program Market Detail: Five Star Specialty Programs’ waste operations program offers a comprehensive …

Southern California Fire Slowed by Weather

Firefighters made more progress Wednesday morning against a giant wildfire that has ravaged a national forest north of Los Angeles, with another day of cooperative weather providing a big assist to beleaguered fire crews. The blaze in the Angeles National …

Best Affirms HCC’s ‘A+’ Rating; Revises ICR Outlook to Positive

A.M. Best Co. has revised the outlook to positive from stable for the issuer credit ratings (ICR) of “aa-” and has affirmed the ICRs and financial strength rating (FSR) of ‘A+’ (Superior) of Houston Casualty Group (HCC) and its property/casualty …