Colorado can expect three to four catastrophic hailstorms every year, according to the Rocky Mountain Insurance Information Association. According to the group, the damaging hail season is considered to be from mid-April to mid-August. Colorado’s Front Range is located in …
A wildfire quickly spread to 1,000 acres on Colorado’s southeastern plains on Saturday, fed by strong winds. The fire was burning on 600 acres in the Comanche National Grassland and the rest was on private land south of the town …
Newark, Calif.-based Risk Management Solutions has launched “a fundamentally new platform for quantifying wind-related risk in 12 European countries,” said the announcement. “Meteorological modeling has been extended to include a comprehensive suite of wind events enabling loss calculations both from …
New Mexico’s Insurance Division under retiring Superintendent Eric Serna granted a waiver that allowed a Dallas businessman convicted of a felony in a Louisiana insurance fraud case to do insurance business in New Mexico. The next year, a firm owned …
New Mexico’s rate of uninsured motorists has dropped below the national average. Over the last two years, the state’s rate has gone from 33 percent to 13 percent, said Ken Ortiz, director of the state Motor Vehicle Division. The national …
The AARP has joined a lawsuit against Peoria, Ill.-based Caterpillar Inc. filed by retirees who claim the company has reneged on an obligation to provide them free health care coverage for life. The lawsuit filed in U.S. District Court in …
Michigan’s governor and her insurance regulator are telling companies that they won’t be allowed to write policies that give injured motorists less time to file claims or lawsuits. The move by the Office of Financial and Insurance Services, the second …
West Bend Mutual Insurance Co. says it plans to more than double the size of its corporate headquarters here in a $57 million expansion and to add about 200 employees within two years. The company said that those hired will …
New York lawmakers have passed legislation designed to protect consumers against identity theft but insurers are urging Gov. George Pataki to veto the measure because its credit freeze provision does not exclude insurers. The legislation promises to give consumers a …
The U.S. Senate confirmed R. David Paulison as FEMA’s chief last Friday, hours after a senator ended his stall on the nomination over problems with the agency’s flood insurance program. Paulison’s confirmation was part of an unanimous consent agreement as …