Allstate releases its catastrophe loss estimate for July 2018

Catastrophe loss estimate - Destruction - American Flag

The American insurance giant released the announcement of loss as well as its future predictions. The Allstate Corporation recently released its catastrophe loss estimate for July 2018. Throughout that month, it estimates having experienced loss from catastrophes reaching a pre-tax $262 million. This figure converts to $207 million after taxes are taken into consideration. The Allstate Insurance catastrophe losses were the result of 15 individual events in July. The July 2018 catastrophe loss estimate were the outcome of 15 separate catastrophic events. They brought with them losses of $220 million…

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Colorado health insurance will continue to protect those with pre-existing conditions

Colorado health insurance continues to protect those with pre-existing conditions - man in wheelchair

As Americans across the country return to struggling for coverage, Coloradans will be spared. Colorado health insurance will maintain its coverage of individuals with pre-existing conditions, despite the Trump administration’s recent moves. The president shocked the health care industry earlier this month when the Department of Justice announced it wouldn’t be defending certain central components in the Affordable Care Act. This announcement may mean that Americans with pre-existing conditions could once again lose coverage. That said, Colorado health insurance law will make certain that residents of the state will continue…

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Colorado mental health insurance bill to help consumers navigate the system

Mental health insurance claims - young woman stressed

A new measure introduced this week may make it simpler for state residents to receive mental health care. A new Colorado mental health insurance bill introduced this week could make it easier for state residents to receive the care they need. The idea is to form a state ombudsperson’s office. The goal of the office is to assist Colorado residence in navigating the insurance system for mental health care. Many people struggle to understand their rights and to whom they should direct their questions. Individuals find the current Colorado mental…

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Colorado insurance commissioner points finger at Trump administration for massive rate hikes

denver colorado health insurance

Marguerite Salazar says that uncertainty generated by the president led to the 27 percent rate hike requests. Colorado Insurance Commissioner Marguerite Salazar’s department received requests for 27 percent rate hikes in the individual market and 7.3 percent for small group. The commissioner is not happy and blames the Trump administration for the uncertainty they’ve created within the market. Salazar said the games played by the Trump administration have caused the health insurance market to become unstable. The result of these actions, said the Colorado insurance commissioner, was huge 2018 rate…

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Allstate uses insurance drones to assess storm damage

insurance company drones aerial

The insurer is using the technology to get a better idea of the property damage situation from spring storms. Allstate is using insurance drones to conduct an assessment of the property damage left behind by spring storms in four states. The company already owns the technology in a number of locations and was prepared to implement it when it was needed. In preparation to use the drones, Allstate Insurance readied itself with a solid fleet of the technology. The Allstate fleet of insurance drones are either ready or already being…

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Colorado auto insurance study shows drivers in the state aren’t good

state farm auto insurance losses accident

Motorists in the state are prone to a spectrum of bad habits that make the roads more dangerous. Colorado auto insurance isn’t cheap and for years, people have said the drivers in the state are simply awful. That said, those types of complaints are commonplace in many states. However a recent study has shown that the claims about driving in Colorado may not be wrong. The traffic jams, winter blizzards and potholes in the spring aren’t the only challenge to drivers in Colorado. A new study by QuoteWizard has shown…

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Colorado health insurance co-op closes its doors

Colorado Health Insurance

State’s co-op has failed to challenge and order to cease operations Colorado’s largest not-for-profit health insurance provider closed its doors earlier this week. Colorado HealthOP, the state’s co-op set up under the Affordable Care Act, did attempt to save itself from the state’s decision to shut it down, but was ultimately unsuccessful in the attempt. The Colorado Division of Insurance has ordered the co-op to stop writing new policies, citing serious financial issues that the insurer has been facing. The state’s co-op is one of several that will be shutting…

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