September 1, 2009
Colorado lawmakers heard from injured workers about their experiences with workers’ compensation on Monday. They gave testimony that the Denver Daily News called “horror” stories and “heart-wrenching testimony.” Monday’s session is part of a series of meetings by an interim …
August 31, 2009
Xcel Energy, Inc., Public Service Company of Colorado, RPI Coating, Inc., and two men were indicted by a federal grand jury in Denver late Friday on charges that the defendants violated workplace safety and health rules and regulations that resulted …
August 31, 2009
The Texas Department of Insurance Division of Workers’ Compensation has posted on its Web site the 2009 Performance-Based Oversight (PBO) Results for workers’ compensation insurance carriers and selected health care providers. For this PBO assessment, TDI-DWC evaluated insurance carriers’ performance …
August 17, 2009
Colorado’s dominant workers compensation insurer last week defended 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 …
August 12, 2009
Fireman’s Fund Insurance Company introduced a hybrid upgrade auto insurance product that enables car owners to “go green.” In addition, new vehicle replacement coverage is available — insuring the full replacement cost of vehicles that are total losses for up …
August 12, 2009
Some automobile shoppers may be abandoning car makers but insurance carriers and brokers remain dedicated partners, experts say. Yet no one can deny that tough times have fallen on many of the nation’s car dealers who seem to be caught …
August 11, 2009
Adding up savings, penalties and fines assessed, and surcharges on fines, the Colorado Department of Regulatory Agencies’ Division of Insurance tallied more than $188 million in savings and benefits to consumers for the fiscal year ending in June 2009. “While …
August 7, 2009
Colorado’s Division of Insurance announced it will be holding a public hearing on Sept. 17, 2009, to discuss the workers compensation loss cost filing submitted by the National Council on Compensation Insurance. NCCI has recommended an average decrease of 9.3 …
August 7, 2009
A group of Venezuelan clients of Stanford Financial Group have sued the insurance broker Willis Group Holdings Ltd, accusing it of contributing to a $7 billion Ponzi scheme at the Texas-based investment company founded by Allen Stanford. The lawsuit filed …
August 7, 2009
UMB Financial Corporation affiliate UMB Scout Insurance Services Inc. is acquiring Chapman-Sander, an independently-owned insurance agency in St. Louis, Mo., in an all-cash deal, UMB announced. Details of the transaction are not disclosed. The agency will operate as an office …