Colorado News

Moody Insurance Agency To Market Cincinnati Insurance in Colorado

Cincinnati Financial Corp. today announced that its lead property casualty insurance subsidiary, The Cincinnati Insurance Co., appointed Moody Insurance Agency in Denver as the first independent agency in Colorado to market its business insurance policies and services. Cincinnati Insurance executives …

A Bailout Plan for Insurance Sales Pros

If you haven’t felt assaulted by bad economic news lately, you live in the woods with no TV, no newspaper, and no Internet service. The stock market has lost trillions. Real estate values and sales have declined at record rates …

My 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. Staffing Firms Market Detail: World Wide Specialty Programs was founded 40 years ago to provide …

Summary of Forecasts for 2009 Atlantic Hurricane Season

Private weather forecaster Planalytics predicted Wednesday that the 2009 Atlantic hurricane season will produce 10 tropical storms, of which six will become hurricanes. The company said one or two of the storms were likely to become major hurricanes of Category …

Greenland Ice Sheet Melt Could Fuel Severe US Sea Level Rise

New York, Boston and other cities on North America’s northeast coast could face a rise in sea level this century that would exceed forecasts for the rest of the planet if Greenland’s ice sheet keeps melting as fast as it …

ASI Enters South Carolina Homeowners Insurance Market

Florida-based American Strategic Insurance Corp. (ASI) has entered the South Carolina marketplace and is offering homeowners’ insurance coverage for coastal property owners through independent agents. “As the Department continues to pursue comprehensive coastal property insurance reform initiatives, the addition of …

United Fire & Casualty Reports Appointments, Rife’s Retirement

Cedar Rapids, Iowa-based United Fire & Casualty Company announced that four directors have been elected for full terms on the company’s 13-member board, Brad M. Sayre was appointed an assistant vice president, and John A. Rife is retiring as president …

Colorado Nears Anniversary of Its Costliest Tornado

The tornado that devastated the community of Windsor, Colorado, on May 22 of last year added up to an estimated $193.5 million in insured damage– making it Colorado’s most expensive tornado. The claims came from approximately 24,000 auto and homeowner …

Pinnacol Assurance Issues $120 Million in General Dividends

Denver-based Pinnacol Assurance, a Colorado source for workers’ compensation insurance, announced it is issuing general dividend checks totaling approximately $120 million to its policyholders. During the past five years, Pinnacol has returned a total of $347 million in general dividends …

People

QBE Regional Insurance recently added Charles Valinotti and Mike Bondura to its leadership team headquartered in Sun Prairie, Wis. Valinotti, senior vice president of Personal Lines, oversees personal property and casualty insurance offerings for QBE Regional’s four subsidiaries. His diverse …