Colorado News

People

Charlotte, N.C.-based national wholesale insurance broker AmWINS Group, Inc. announced that James Drinkwater has been named president of its AmWINS Brokerage division. In this role, Drinkwater will be responsible for the day-to-day management of the division, which is focused on …

Property Insurers to Build Natural Disaster Research Center

The insurance industry is preparing to build a state-of-the-art applied research facility that promises to use science and technology to expand capabilities to create more durable homes and businesses and reduce the costs of natural disasters. The Institute for Business …

People

M.J. Hall and Company Inc., a managing general agent and surplus lines wholesaler based in Stockton, Calif., opened an office in Plano, Texas, and named Brett Amick as vice president and branch manager. Amick and his team collectively have more …

Declarations

Boon for Buyer “This is the opportunity to take West Coast inventiveness and launch it with a global brand at a substantial premium to Safeco shareholders.” —Safeco President and CEO Paula Roseput Reynolds, commenting on Liberty Mutual Group’s intention to …

Auto Exempted From Colorado Fair Accountable Insurance Rates Act

After much testimony and deliberation on Colorado House Bill 1389, the House Business Affairs and Labor Committee has amended a controversial bill that insurance associations said would have imposed a prior approval regulatory system on automobile insurance. The amendment exempts …

People

Patrick G. Ryan, founder and executive chairman Aon Corp., said he intends to retire Aug. 1, 2008. Ryan said the firm’s transition to a new management team under CEO Greg Case is complete. Ryan founded Aon, which has its origin …

Colorado Motorcycle Fatalities Reach Record High

Motorcycle fatalities are on the rise in Colorado, doubling from 45 in 1995 to an all-time high of 90 deaths in 2007, according to the Colorado Department of Transportation (CDOT). In the past five years (2003-2007) in Colorado, 402 riders …

Colorado Senate OKs Requiring Car Insurers to Offer Medical Coverage

Colorado drivers would be nudged into buying medical coverage on their car insurance policies under a proposal backed by the state Senate on April 29. Under the bill, insurance companies would have to include $5,000 in medical coverage in policies …

Wells Fargo Acquires Insurance Premium Finance Firm Flatiron

Wells Fargo Bank reports it has acquired the business of Colorado-based Flatiron Credit Co., Inc. and its operating subsidiaries. Flatiron was a subsidiary of TD Banknorth, N.A. and is one of the nation’s largest insurance premium finance companies. Terms of …

McCain Pushes Tax Credit, Choice as U.S. Health Care Fix

Republican presidential candidate John McCain called Tuesday for greater competition for health care coverage for Americans, saying more choices for insurance will drive down costs and improve the system. On a campaign swing to highlight his health care proposals, the …