Colorado Insurer Fined
According to the Denver Business Journal, Denver-based medical-malpractice insurance provider, COPIC Insurance Co., has agreed to pay more than $48,000 in fines and other charges following an examination of its business practices by the Colorado Division of Insurance. A review by the Colorado Division of Insurance identified twenty-three findings in which the Company was not in compliance with Colorado Statutes and Regulations. However, COPIC Insurance Co., is disputing a portion of the state's finding related to a long-term care benefit it offers subscribers and has as filed a lawsuit in Denver District Court.
