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Allstate paying $5,000 for new hire referrals

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Allstate Insurance Co. is hiring in the Colorado Springs area – and it’s offering a $5,000 reward for referrals. The Englewood-based company says it’s looking to appoint 54 agency owners and hire more than 80 licensed sales professionals throughout the state by the end of the year. Allstate is offering $5,000 to anyone who refers… Continue Reading Allstate paying $5,000 for new hire referrals

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Advice for dealing with frozen-pipe damage

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The Rocky Mountain Insurance Information Association offers the following  advice for dealing with damage from frozen pipes: Advice on Filing a Claim Be prepared to give your agent or insurance representative a description of any damage. Your agent will report the loss immediately to your insurance company or a qualified adjuster. Take photos of the… Continue Reading Advice for dealing with frozen-pipe damage

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Health plans must spend premiums on medical care

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Health insurance premiums should go for actual medical care – not insurers’ overhead and profits – the Obama administration said Monday in rules that for the first time require the companies to give consumers a rebate. The regulation unveiled by the Health and Human Services department calls for insurance companies to spend at least 80… Continue Reading Health plans must spend premiums on medical care

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Little to connect rate hikes, reforms

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National health care reform apparently has little to do with the double-digit increases in health insurance premiums projected in Colorado for 2011. According to a review by state insurance department actuaries, the reforms adopted this spring account for no more than 5 percent of next year’s premium hikes. A raft of other factors is responsible… Continue Reading Little to connect rate hikes, reforms

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Former President George W. Bush and his Vice President Dick Cheney are set to be in Colorado this week to speak at an insurance forum. Cheney is listed as the keynote speaker Monday at the 97th annual Insurance Leadership Forum, at The Broadmoor. Bush is listed on the insurance group’s website as speaking on Tuesday.… Continue Reading Bush, Cheney set to speak at Colo. insurance forum

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Morrison: Keeping a close eye on insurers

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Remember Granny, the character in the “Sylvester and Tweety” Looney Tunes cartoons? Continue Reading Morrison: Keeping a close eye on insurers

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Colo. gets $1 million federal health care grant

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Colorado is getting a $1 million federal grant to help plan for new health insurance exchanges. The grant, announced today, will help pay for the consumer-centered private health insurance marketplace required by federal health care reform. The exchanges will put greater control and greater choice in the hands of individuals and small businesses. Gov. Bill… Continue Reading Colo. gets $1 million federal health care grant

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DOI issues emergency regulation for child policy

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The Colorado Division of Insurance enacted emergency regulation today to keep child-only individual insurance policies in effect. The new regulation requires insurance carriers that offer the child-only policies to provide two open enrollment periods, a move designed to keep carriers in the market, as well as ease fears that parents will enroll children only after… Continue Reading DOI issues emergency regulation for child policy

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The Colorado Division of Insurance has fined International Fidelity Insurance Company $442,000 for violations of Colorado’s bail bond statutes. The fine is a result of a sweeping statewide investigation of bail bonds insurers. The company, which has offices in Greenwood Village,  is licensed to provide a range of surety bonds in Colorado, but ran into trouble with its… Continue Reading State begins bail-bond insurer investigation, fines company $442,000

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The Colorado Division of Insurance has fined Esurance, a California-based property and casualty insurer, $154,000 for various violations of the state’s market conduct regulations. Esurance sells automobile liability and physical damage insurance directly to Colorado residents via telemarketing and the company’s website. Those violations included: Failure to offer to exclude a specific driver and to… Continue Reading Esurance fined $154,000 for market conduct violations

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