Tag: colorado

Insurance fraud to be highlighted at Colorado summit

S.Vagus
auto insurance fraud

National Insurance Crime Bureau to focus summit on fraud activity in Colorado Representatives from throughout the insurance industry will be flocking to Colorado to attend a fraud summit hosted by the National Insurance Crime Bureau. The summit will be focused on the Colorado insurance market, highlighting the problems with fraud it has experienced over the past several years. The state is home to a large number of staged auto accidents, thefts, and catastrophe-related fraud schemes that have placed a financial burden on consumers and insurance companies alike. State is attractive…

Read More

Many drivers in Colorado lack auto insurance

S.Vagus
georgia auto insurance news

Lack of insurance coverage is becoming a problem that needs attention Auto insurance is a problem in Colorado. The number of uninsured drivers on the state’s roadways is growing every year and this is a significant issue when considering the frequency of vehicular accidents. It is likely that a single driver will be involved in as many as four accidents during their life. In most cases, auto insurance coverage will handle the issue relatively quickly. Accidents become significantly more complicated if the other party does not have insurance coverage. One…

Read More

Report highlights disparity in children’s health insurance

S.Vagus
Children’s Health Insurance Program kids

Report shows that insurance for children is lacking in state-based exchanges and the private market The Wakely Consulting Group has released a report showing the disparity in coverage for children between state insurance exchanges and Children’s Health Insurance Programs. These programs are jointly funded by the federal and state governments and exist to provide insurance coverage to children. In many cases, coverage for children is somewhat lacking in the private market, and this may also be the case for insurance exchanges. These exchanges typically offer policies that are very similar…

Read More

Marijuana creates some uncertainty in the health insurance space

S.Vagus
Medical Marijuana Auto insurance statistics

Some insurers may opt to raise rates for marijuana users in the future Some companies in the insurance industry are still unsure how to approach the issue of legal marijuana. In Colorado and Washington, where the use of recreational marijuana is legal, the issue has not yet had any impact on health insurance premiums. This may not be the case for long, however, as insurers begin to examine whether or not smoking marijuana can be considered to be within the same category as smoking tobacco, in terms of risk. Despite…

Read More

Colorado health insurance co-op takes a new approach on the insurance business

Logan B.
Colorado Health Insurance

Colorado HealthOP puts a new spin on member governance Colorado’s first health insurance co-operative has begun accepting applications for its board of directors. Colorado HealthOP aims to initiative a major shift in how insurance companies operate in Colorado, setting a new standard in regards to customer service and insurance availability. The co-op has member control as its top priority and intends to allow its members a great degree of engagement within the insurance industry that they have not had before. The Colorado HealthOP aims to accomplish this by inviting its…

Read More