Fire lesson: Full knowledge of policies stands out as the toughest business insurance hurdle
Steve Mack, who owns the Lone Duck Family Campground in Cascade, still is sorting out his business insurance claim after the Waldo Canyon fire. His residential insurance was straightforward and easy to understand. He said his insurer worked with him and explained the policy and volunteered information about what Mack and his family needed to [...]
After the Waldo Canyon fire tore through Colorado Springs, burning 346 homes and threatening hundreds more, homeowners were certain they’d see their insurance premiums increase. And they are, but not because of the fire. It’s because of the growing number of what the insurance industry defines as “catastrophes,” which has been mostly hail in recent [...]
Continue reading …Progressive Insurance is hiring 72 people in Colorado Springs for call center and sales jobs. A company official said Progressive was recruiting new hires here because it considers the local facility as one of its more permanent offices. “We’ve had great success in the Springs,” said Connie Dingeman, recruiting manager. “Our backup IT servers are [...]
Continue reading …Ben Johnson guides people through the memories of their hallways and dresser drawers. He walks with them through their imaginations to the bathroom and through the closets and basements of the homes they’ve lost to fire. “Usually, it’s not something people want to do right away,” said Johnson, a general insurance adjuster for Farmers Insurance. [...]
Continue reading …With news this week that the Waldo Canyon fire is the most expensive wildfire for insurance companies in Colorado’s history, rumors started to fly about increasing premiums and full coverage becoming harder to get. “I think there’s a concern that there will be an immediate impact to insurance premiums,” said Carol Walker, executive director of [...]
Continue reading …A scammer is calling Colorado residents promising refund checks from the “Colorado Insurance Commission” in an effort to get banking information. The Colorado Division of Insurance sent out a warning this week to consumers saying that they should never give out personal banking information over the phone. Here’s the setup: a caller claims to be [...]
Continue reading …Florida-based Brightway Insurance is looking for people interested in opening one of its insurance stores in Colorado Springs. The company’s CEO David Miller said he expects to expand his franchise into the Springs this year. He wants to open 40 stores in the state. It might seem like a big goal. But, Miller started the [...]
Continue reading …It costs almost $9,000 more this year than last year to own and operate the average sized car.
Continue reading …In the Wild West of the cyber world, high-tech outlaws, hackers and thieves are targeting small and large businesses alike, and not even mom and pop are safe anymore.
Continue reading …A perfect storm of declining sales, increasing claims and no way to recoup investments during a down economy has hit the property and casualty insurance industry hard this year. That will mean increased rates for businesses and a buyer’s market left blowing in the wind. It’s humbug news for 2012. “It won’t go up dramatically [...]
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