Category: Denver Insurance Blog

Businesses are being hit with large premium increases to prop up Colorado’s broke unemployment-insurance fund. In notices that went out over the past two weeks, some firms are facing rates that have more than quadrupled from last year.

Many people don’t have reliable insurance for their home. That’s the finding of a Consumer Reports National Research Center survey on insuring your home. The problems included delayed payments, payouts that were smaller-than expected, and some claims that were denied entirely. Those who reported the most problems with claims were with-Farmer’s Insurance, Allstate, and Traveler’s-all […]

The U.S. insurance industry shed another 200 jobs in October compared with September, according to an Insurance Information Institute analysis of U.S. Bureau of Labor Statistics data. Based on seasonally unadjusted numbers, property/casualty insurer employment declined 0.2% in October compared with September, dropping the industry’s employment to 461,500, which the III said was the lowest […]

MetLife Inc. expects operating earnings to grow more than one-third next year as the largest U.S. life insurer benefits from its blockbuster acquisition of global life insurer American Life Insurance Co. The company expects operating earnings to decline across its U.S. business lines in 2011, but that will be more than offset by gains from […]

A health care reform rule that caps how much insurers can spend on administrative costs is likely to cause headaches for employers that offer fully insured health plans to their workers. Self-funded plans also may be peripherally affected if insurers decide to cut back on services that are not included as medical expenses under the […]

The union said it is filing a grievance to contest a cancellation of health insurance, citing a section of the collective bargaining agreement that states: “Players will continue to receive the benefits provided in this article through the end of the Plan Year in which they are released or otherwise sever employment.” Patriots offensive lineman […]

Federal Health Reform Accounts for less than 5% of Health Rate Increase in Colorado News from the Official Colorado State Web Portal on November 5, 2010 states some surprising statistics. “Speculation continues to swirl about the effects of Federal Health Care Reform on health insurance premiums, so Colorado Insurance Commissioner Marcy Morrison decided to get […]

Auto/vehicle insurance is where you pay a regular premium and the insurer compensations you for any financial loss that occurs if you get involved in an accident. Because every state requires you to have the state minimum coverage, you should look for affordable auto insurance that will protect you if you have an accident. If […]

U.S. Rep. Jim Cooper (D-Tenn.) reports that the Federal Emergency Management Agency (FEMA) will provide more than $7 million to Davidson County for home buyouts. The buyout program will be coordinated by the local government officials and is designed to purchase residential properties that were substantially damaged during the historic May 2010 flooding. “The federal […]

Group health care plan costs this year jumped an average of 6.9%, the largest increase since 2004, according to a survey of more than 2,800 employers released last week by New York-based Mercer L.L.C. That increase brought annual costs to an average of $9,562 per employee compared with $8,945 in 2009, according to the survey. […]