Tag: Usaa
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Colorado Supreme Court narrows consumer protection law for insurance claims
The Colorado Supreme Court ruled on Monday that the legislature’s consumer protections requiring insurance companies to take certain steps before they allege a policyholder failed to cooperate do not apply to any obligation specifically laid out in the policy. In 2020, the legislature changed state law to limit insurance companies’ ability to assert a failure-to-cooperate defense when…
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Colorado Supreme Court accepts cases about reliability of gun-to-bullet matching
The Colorado Supreme Court announced on Monday that it will hear two cases questioning the reliability of expert testimony that purports to identify whether a specific bullet was fired from a specific gun. At least three of the court’s seven members must agree to take up a case on appeal. There is currently one vacancy,…
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Colorado justices ponder scope of law curbing insurers’ ability to allege failure to cooperate
Members of the Colorado Supreme Court pondered a question last week that could have sweeping ramifications for those making insurance claims: When the legislature required insurance companies to take certain steps before accusing policyholders of failing to cooperate in an investigation, do those protections apply to every request an insurer might make? Leading up to…
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Marshall fire victims brace for insurance claims process
Gov. Jared Polis and Colorado Division of Insurance Commissioner Michael Conway assured almost 800 residents impacted by the Marshall fire that the state would “fight for consumers” during the insurance claims process. According to some estimates, the insurance costs related to the fire could be as high as $1 billion. The blaze burned more than…
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9 Wells Fargo Colorado branches close temporarily
Financial giant Wells Fargo, the largest bank in Colorado Springs and statewide, recently closed nine Front Range branches temporarily as it fights a worsening labor shortage hitting many employers. Anthony Timmons, a Wells Fargo spokesman in Las Vegas, said via email that the company shuttered the branches “because of staffing constraints, and the branches will…