Category: Denver Insurance Blog

Commercial and personal insurance lines pricing continued their upward drive through the month of June as composite rates matched the previous month’s increases, according to the latest MarketScout barometer. The June commercial rate barometer says average commercial property and casualty rate increases rose by 4 percent, matching May’s increase, while personal lines composite rose 2 […]

The teenage worker walked down the dark aisle of the movie theater auditorium, armed only with a subtle orange flashlight. Clad in her black United Artists uniform, she grabbed the handle of the exit door, gave it a little push to ensure it was locked, then moved away and out of sight. Some of the […]

Convicted child abuser Gerald Sandusky has looked to his homeowners insurer, State Farm, for defense and indemnity costs related to his criminal trial and a civil lawsuit filed against him. On July 18, State Farm filed to have a federal judge declare the company has no obligation to defend the former Penn State University assistant […]

The sad shooting death of Trayvon Martin in Sanford,Fla. is at the center of a controversy that has no end in sight, and could bring other parties into question over liability, including insurers. However, proof of liability will be key to determining any damage awards, say insurance-industry experts. In late February, 17 year-old Martin was […]

Life insurance industry trade groups said in a strong statement today that they will urge the Obama administration to withdraw proposals contained in the president’s budget that would impose new taxes on life insurers. The statement was released by the American Council of Life Insurers, the Association for Advanced Life Underwriting, the National Association of […]

President Obama’s proposed budget for 2013 would impose sweeping tax hikes on the insurance industry, including a restoration of 2009 estate tax rules, and sustaining the portability between the estate and gift taxes as contained in current law, but at a maximum lower level. Obama’s proposed budget would also call for an increase in the […]

Property/casualty insurers are facing a difficult environment in 2012, according to a forecast from analysts at a Hartford insurance consulting firm. The difficult environment will include volatility in the economy, the underwriting cycle, and catastrophe management, combined with low investment yields, said the quarterly Property/Casualty Forecast & Analysis from Conning Research & Consulting. Conning said […]

Coverage for data-breach risk has become the key insurance coverage for the digtial age. The reason. of course, is that the digital storage  and transfer of data is a critical part of doing business today for a huge-and constantly growing- swath of industry sectors. Insurance companies and agencies, banks, asset managers, retailers, doctors offices and […]

Young U.S. residents could expect to live a tiny bit longer in 2010 than in 2009, but older U.S. residents probably had no such luck. Overall life expectancy increased to 78.7 years in 2010, from 78.6 years in 2009, and the overall age-adjusted death rate fell to 746.2 deaths per 100,000 people, from 749.6 deaths […]

U.S. health care spending increased 3.9% in 2010 following record slow growth of 3.8% in 2009; the two slowest rates of growth in the 51-year history of the National Health Expenditure Accounts, the official estimates of total health care spending in the United States issued by the Centers for Medicare & Medicaid Services (CMS). Total […]