Colorado News

States Gear Up for Stimulus Package

Impact on Insurance Industry May be Minimal, Experts Say The $787 billion stimulus package passed by Congress looms as the largest mountain on the country’s newly changed economic landscape. But despite hope that the stimulus bill will jump-start spending, some …

Florida Home Insurer People’s Trust Ordered to Stop Writing New Policies

One of Florida’s new startup property insurance companies has been told to stop selling policies — at least for a while. Insurance Commissioner Kevin McCarty said Boca Raton-based People’s Trust has not followed state regulations nor its business plan and …

Now Offering Contractor GL Insurance in Arkansas, Kentucky, Oregon, Idaho, Montana, New Jersey & South Carolina

National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”) specializes in general liability insurance for licensed residential and commercial general and artisan contractors. NCIC writes the difficult Classes: Roofers, Foundations, Excavators, Fire Sprinklers, Paper GC’s, Custom Home Builders & …

Utah Opens Bars to Public, Increases Liability Coverage Requirements

Getting into a bar in Utah is about to become a lot easier. Legislative leaders and Gov. Jon Huntsman agreed to eliminate the state’s much-criticized private club system. Utah is the only state in the country that requires someone to …

It Figures

$6.8 Million Colorado’s Division of Insurance announced that Allstate Insurance Group decreased its rates for private passenger automobile policies in the state, providing a savings of $6.8 million to consumers through reduced premiums. Actuarial analysis submitted to the state DOI …

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. Vacant Commercial Property Market Detail: Western Networked Insurance Services has an exclusive program for vacant …

Supreme Court Weighs When Elected Judges Should Step Aside

Concerned about dwindling confidence in the impartiality of judges, the Supreme Court leaned this toward forcing elected judges to step aside from cases that would raise an appearance of bias if they took part. “Our whole system is designed to …

British American Business Council Chapter Appoints Kuykendall President

The British American Business Council of Orange County, Calif., (BABC-OC) recently appointed John Kuykendall as president for 2009. Kuykendall is a long-time member of the Southern California business community and president and owner of Benefit Solutions Co., a local insurance …

Cox Joins Homeowners of America as VP, Director of Marketing

Texas-based Homeowners of America Insurance Company announced that Michael S. Cox has joined the firm as vice president and director of Marketing. Cox has more than 12 years of insurance industry experience with most of his career spent in property …

Kentucky Considers Forcing Drunk Drivers to Install Ignition Devices

People caught driving drunk in Kentucky just once could be forced to install breath-alcohol monitoring devices in their cars, as the state’s lawmakers consider joining other states, including Alaska, in toughening DUI laws. House lawmakers are considering proposals aimed at …