Colorado News

Business Moves

The Hanover Specialty lines business will be a key growth engine in the next several years for Worcester, Mass.-based The Hanover, according to CEO Fred Eppinger. In the past year, revenue from specialty lines at The Hanover has grown from …

5 Hurricane forecasters at Colorado State University have lowered their prediction for the number of hurricanes they expect to hit the Atlantic Basin in 2009 to five, down from an April forecast of six hurricanes. The forecasters say information obtained …

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. Contractors General Liability Market Detail: London American Risk Specialists Inc. brings agents a commercial general …

Injured Mississippi Volunteer Firefighters Face Financial Woes

When Leakesville, Mississippi volunteer firefighter Scottie Holland was injured in January, it could have crippled him physically and financially. “They had been called out to a structural fire. He was pulling the hose, and it got caught on something and …

Benshoof Named President of IMA of Colorado

The IMA Financial Group Inc., a diversified financial services company specializing in insurance, asset and risk management, added Marcia Benshoof as president of IMA of Colorado. Prior to joining IMA, Benshoof served as chief business officer for Pinnacol Assurance for …

CEO of Colorado Workers’ Comp Insurer: Private Would Be Better

The head of Colorado’s state-created workers’ compensation insurance company says the organization could do a better job if it were privatized. CEO Ken Ross told state lawmakers that Pinnacol Assurance has paid $347 million in dividends to policyholders since it …

Lawmakers: South Dakota Cell Phone Rules Might Be Tried Again

As other states begin passing cell phone laws, South Dakota lawmakers say they won’t be surprised if legislation to ban or limit the use of cellular phones while driving arises again in the next state legislative session. “I do feel …

Universal Insurance Holdings To Purchase ICAT Specialty Insurance

Universal Insurance Holdings of North America and ICAT Holdings LLC of Boulder, Colo., have received regulatory approval that completes Universal North America’s purchase of ICAT Specialty Insurance Co. (ISIC). Under the terms of the agreement, Universal North America will acquire …

Forecasters: Fewer Atlantic Hurricanes Predicted

Hurricane forecasters at Colorado State University have lowered their prediction for the number of hurricanes they expect to hit the Atlantic Basin in 2009 to five, down from an April forecast of six hurricanes. According to researchers Philip J. Klotzbach …

Nevada, Colorado Insurance Agents, Brokers: Beware of Scam

Licensed insurance agents and brokers in California, Colorado and Nevada are being warned to beware of a scam targeting them. The Nevada Division of Insurance, California Department of Insurance and Colorado Division of Insurance have received reports that individuals have …