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Division of Insurance offers guidance after Obama’s announcement

Division of Insurance offers guidance after Obama’s announcement

The Colorado Division of Insurance has issued a statement from Insurance Commissioner Marguerite Salazar, regarding President Obama’s announcement Thursday about cancelled insurance policies. “In Colorado, we share the same concerns the President expressed [Thursday] about cancelled health insurance policies. The Division of Insurance remains committed to providing access to coverage and consumer choice to Coloradoans,”… Continue Reading Division of Insurance offers guidance after Obama’s announcement

Workers comp rate increase en route

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Colorado employers will see a small increase in workers’ compensation insurance premiums next year. The increase–within the loss-cost component of the insurance–will be half of what it was last year. The Colorado Division of Insurance announced that the “loss costs” component of workers’ compensation premiums will go up 2.6 percent next year. The increase this… Continue Reading Workers comp rate increase en route

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State to assume oversight of advisers

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The burden of regulating mid-size investment advisers will shift from federal to state agencies this year, a time when state budgets have been slashed and resources are limited. The Dodd-Frank financial reform act mandates this regulatory shift for midsize investment advisers, or those who have between $25 million and $100 million in assets under management.… Continue Reading State to assume oversight of advisers

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Refunds due title insurance customers

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About 3,500 state residents will get refunds totaling $393,000 from title insurance companies and agents, according to the state’s Department of Regulatory Agencies. The refunds are the result of an audit of about 14,000 residential closings in 2007 and early 2008 that found “significant errors in the calculation of title insurance rates,” DORA said. As… Continue Reading Refunds due title insurance customers

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