Mountain Insurance Brokers offers several types of insurance sales positions, from full time agent to part time associate. We are recruiting agents for Colorado, Wyoming and New Mexico. Our top agents exceed $100k in annual income working from home! We are an Independent Agency which means you represent all the companies listed, in efforts to find your customers the absolute best insurance value for their money.
We provide all the tools necessary to make you successful.
Atlantic Casualty has brought back a Claims Made policy for most residential and commercial artisans. Some other non-construction classes can still be written on an Occurrence form and when eligible, your submission will be quoted with this form. As with all Claims Made policies, you will have to read carefully and disclose diligently with your client because the claims trigger is very different. If you have any questions about Claims Made policies, please call us.
The Claims Made program has a $2000 minimum premium at the 1/2/2 limit and the usual supplement is required. The usual minimum premiums ($750 at 1/2/2 ) will apply for occurrence form accounts. We have also developed a relationship with Hartford for some artisan contractors such as dry wall, painting, electrical work and other non-structural classes. This is a “submit for approval” market but the turn-around is very quick.
Also, with Hartford , it is direct bill and admitted in Colorado . Your submission will have to be very complete including contact names and phone numbers. Incomplete submissions will only take longer to quote. And lastly, we are working on a contract with a carrier for larger contract risks. More information about this later.
WASHINGTON—President Obama on Friday signed into law a measure that extends the National Flood Insurance Program through Sept. 30.
The House passed the National Flood Insurance Program Act of 2010 on June 23, and the Senate followed suit a week later. The Senate initially had considered a broader tax bill that included extension of the NFIP, but that measure was pulled because it could not draw enough support to overcome a filibuster aimed at other provisions in the bill.
The NFIP lapsed on June 1 and will have to be reauthorized by Sept. 30 to prevent another lapse.
The House and Senate have been unable to reach agreement on a long-term reauthorization of the NFIP because the House favors requiring the program to offer windstorm and flood coverage, while the Senate has preferred restricting the program to flood coverage only. The result of the disagreement has been a series of short-term extensions.
Colorado will receive $90 million in federal money to subsidize health insurance for up to 4,000 people rejected by private insurers because of pre-existing medical conditions, Gov. Bill Ritter announced Tuesday.
The new high-risk pool, a public-private partnership the state is calling GettingUsCovered, will charge the same rate for health coverage that the average, healthy Coloradan pays.
That’s the major distinction between it and Colorado’s existing high-risk pool, CoverColorado, which insures about 12,000 people who have serious illnesses — or even minor medical problems, such as a teen taking acne medication — that prevented them from buying coverage elsewhere.
CoverColorado clients pay about 130 percent of the market rate for insurance. They cannot seamlessly transfer membership to the new program because of a rule that says beneficiaries must have gone without health insurance for at least six months to quality.
The governor and CoverColorado executive director Suzanne Bragg-Gamble emphatically discouraged any CoverColorado clients from dropping out of that program, going without insurance for six months and then signing up for the new insurance plan. The outcome for a seriously ill person to survive without coverage for six months “could be disastrous,” Bragg-Gamble said.
Besides, it’s possible that within the next few months, the new risk pool will be full.
As part of national health reform, the federal government gave states until July 1 to set up insurance pools for those with pre-existing conditions. In states that did not set up a pool, a new federal high-risk pool will take effect.
Colorado has $90 million to spend during the next three years to keep its high-risk pool afloat. The pool is intended to phase out in 2014, when insurance companies can no longer reject people for pre-existing health conditions.
The state pool is a partnership between CoverColorado and Rocky Mountain Health Plans, which will handle claims and billing. The federal money will subsidize the cost of the coverage, which is expected to exceed premium rates charged to patients.
By federal mandate, premiums cannot cost more than what a healthy person of similar age would pay in Colorado. They will range from $115 a month for an 18-year-old nonsmoker in Boulder County to $807 for a 64-year-old smoker in Eagle County. The annual deductible is $2,500, with $30 copays for doctor visits.
Beneficiaries will choose from the Rocky Mountain network of 2,500 doctors and 99 hospitals, said Rocky Mountain Health Plans president Steve ErkenBrack, who called the high-risk pool “a bridge into the post-health care reform world.”
The program eventually might accept more than 4,000 people, depending on how much the initial applicants cost to insure.
“The big question that we have right now is, how much are these people going to cost,” Bragg-Gamble said. “We cannot run out of money.”
State research estimated that of some 700,000 Coloradans without health insurance, about 30,000 would qualify for the new pool. That doesn’t mean they can afford it, however.
Among those who planned to sign up immediately was Karen Lewis, a 50-year-old Denverite who hasn’t had health insurance since her marriage ended two years ago. She has been rejected multiple times because she has diabetes and heart problems.
“It’s been a long haul, a very, very expensive long haul,” she said.
Lewis, who attended the governor’s news conference at the Capitol, recently spent two days in the hospital at a cost of $11,000. She spends $115 to $400 a month on prescription drugs.
“I’ve sometimes cheated a little bit and not taken as much medication as I should,” she said, adding that she would fill out an application “as quick as they put it in my hand.”
To enroll, go to gettinguscovered .org or call 877-779-0387.
CNA Financial, a property and casualty insurance provider, has unveiled the permanent location for its new service center to be set up within its existing Denver branch office in Colorado. The new center is expected to create approximately 300 positions.
CNA added that it will also triple the square footage and quadruple the employee size of the branch, once the center is opened with full functionality in 2011.
Over the next year, the service center will gradually implement a portion of Worldwide Operations (WWO) and claim express capabilities beyond current locations in Maitland, Florida, Chicago, Illinois and Pennsylvania.
The service center will feature claim handling, policy processing, a call center as well as billing and collections to offer CNA producers and customers overall operational effectiveness and improved business continuity.
CNA claimed that WWO has filled more than 30 positions within its customer support center, small business center and middle market policy processing.
Colorado Contractors Insurance Impacted By New Bill
The latest news is that Governor Ritter signed HB 10-1394 into law last Friday afternoon. As reported in the Insurance Journal:
Colorado Governor Bill Ritter has signed into law a bill changing retroactively the duty of insurers to defend contractor professionals in construction liability cases.
The bill (HB 1394) was opposed by insurers and agents, who have warned it could make liability insurance for contractors hard to find or very expensive. For that same reason, it was also opposed by the American Subcontractors Association of Colorado.
It was passed in response to a 2009 court decision in General Security Indemnity v. Mountain States Mutual, which excluded claims for certain construction defects and imposed no obligation to defend in a contractor’s professional liability insurance policy. The decision held that there was no duty to defend faulty construction work claims for faulty work performed by a general contractor’s subcontractors.
Lawmakers were concerned that the Colorado Court of Appeal decision did not adequately consider a construction professional’s reasonable expectation that an insurer would defend against a defect claim.
The bill was meant to restore some duty of the insurer to defend contractors in such claims. The new law now considers damage caused by the work of a construction professional — even damage to the work itself — as accidental, and eligible for coverage.
But critics say it goes too far, requiring the liability policy to almost guarantee the quality of a contractor’s work much like a bond. They say the general liability policy is meant to cover the consequential damage resulting from faulty work, but not the faulty work itself.
Also, the law makes the new rules retroactive, placing insurers in a position of having to defend claims that they never envisioned when current policies were written and priced.”It is likely that the bill will have adverse effects on the availability and affordability of insurance for construction professionals in Colorado,” said Kelly Campbell, vice president for Property Casualty Insurers of America (PCI). PCI had urged the governor to veto the measure.
Campbell said the retroactive rewriting of policies is likely unconstitutional. “One thing is certain, this bill will spawn litigation on these issues, which is not in the best interests of Coloradoans or the judicial system of this state,” Campbell said.
PCI said the law overturns existing Colorado law, “creating a set of insurance unique rules that would be applicable only to construction professionals, and is underscored by poor public policy that will only serve to incentivize poor workmanship in the construction industry.”
According to Campbell, the bill creates incentives for general contractors to use the least expensive subcontractors, regardless of the quality of their work, and serves to insulate construction professionals from the consequences of poor workmanship.
At Mountain Insurance Brokers, we are Colorado’s Premier Independent Insurance Broker. Call our Business Insurance Specialist Stacey Amaya (720) 974-1705.
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Anthem, Aetna, Golden Rule, Assurant, Humana rates available in minutes! Call our Health Insurance Specialist Eric Smith (303) 523-7650.
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Colorado’s Premier Independent Insurance Brokers. Health-Business-Auto-Home-Life-Workers Compensation. Call our Life Insurance Specialist Eric Smith (303) 523-7650.
Colorado’s Premier Independent Insurance Brokers. 20+ Markets to Shop. Call our Auto Insurance Specialist Josh Lane (720) 974-1701.
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