Colorado News

Storms Take Toll on Louisiana Nonfarm Jobs

Louisiana experienced a loss of 17,500 jobs in the seasonally adjusted number of nonfarm jobs from August to September 2008, the Louisiana Workforce Commission announced recently. However, the September nonfarm job total of 1,939,300 people working represents an increase of …

Illinois Company Involved in Lawsuit Against Brooke Buys 44.3% of Stock

An Illinois company connected to a bank involved in the lawsuit of the parent company of Brooke Corp. has taken control of 44.3 percent of Brooke’s stock. Trim Creek LLC of Crete, Ill., now owns 6.43 million shares of Brooke’s …

Darleen Madden has been elected president of the Independent Insurance Agents of Dallas (IIAD) for a term beginning Sept.1, 2008, through August 2009. Madden is co-owner of Glenn-Madden & Associates located in Dallas, an independent insurance agency specializing in commercial …

Colorado Orders 16% Decrease in Workers’ Comp Loss Costs

Colorado employers may be paying lower premiums for workers’ compensation insurance in 2009, because a significant component of workers’ compensation premiums, known as loss costs, will drop 16 percent, the Colorado Division of Insurance announced. Loss costs are the average …

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. Medi-Tourism Professional Liability Market Detail: Arrowhead Wholesale Insurance Services LLC brings to market a professional …

Bank Holding Companies’ Insurance Revenue Jumps 9.5%

The nation’s bank holding companies increased their total insurance revenue 9.5 percent to $23.7 billion in the first half of 2008 from $21.7 billion during the same period in 2007. CitiGroup (N.Y.), Wells Fargo & Co. (Calif.), and BB&T Corp. …

Texas AG Urges Continued Reporting of Ike Related Price Gouging

Texas Gov. Rick Perry recently extended the Hurricane Ike disaster declaration through Nov. 6 for 90 Texas counties and the state Attorney General’s Office (OAG) is urging consumers to continue reporting instances of price gouging resulting from the hurricane. Since …

Colorado Orders 16% Decrease in Workers Comp Loss Costs

Colorado employers may be paying lower premiums for workers compensation insurance in 2009, due to the announcement that a significant component of workers’ compensation premiums, known as loss costs, will drop 16 percent, the Colorado Division of Insurance announced. Loss …

WIAA Insurance Services Expands Workers’ Comp Carrier Portfolio

Rancho Cordova, Calif.,-based WIAA Insurance Services, the agency arm of Western Insurance Agents Association, announced it has expanded its carrier portfolio, adding Employers for small business workers’ compensation insurance. Agents writing business through WIAA Insurance Services now have access to …

Business Moves

Liberty Mutual, Safeco Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its scale and geographic reach, the transaction strengthens Liberty’s standing to fifth largest property …