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Salazar to become commissioner of insurance

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Marguerite Salazar is the state’s new commissioner of insurance. She will start August 19, according to information from Gov. John Hickenlooper’s office. “Marguerite Salazar’s deep roots in Colorado and small business acumen will serve her well in this new role,” Hickenlooper said. “She is a savvy executive, understands regulatory reform and already knows her way… Continue Reading Salazar to become commissioner of insurance

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The Black Forest fire has cost $292.8 million in insurance claims so far, according to the Rocky Mountain Insurance Information Association. There have been about 3,630 homeowners and auto insurance claims filed so far in the aftermath of the fire, which killed two people and burned 486 homes. Initially, it makes the Black Forest fire… Continue Reading Insurers estimate $292 million in losses in Black Forest fire

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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… Continue Reading Fire lesson: Full knowledge of policies stands out as the toughest business insurance hurdle

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Hail, not fire, to blame for insurance rate hikes

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 Hail, not fire, to blame for insurance rate hikes

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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 Progressive to hire 72 in Springs

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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 Insurance claims require recollection of belongings

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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 Insurers say Waldo fire not enough to bump premiums

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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 Colorado Division of Insurance warns of phone scams

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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 Brightway Insurance moving in, looking for franchisees

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Driving in 2012 is more expensive

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It costs almost $9,000 more this year than last year to own and operate the average sized car. Continue Reading Driving in 2012 is more expensive

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