News
What does Colorado's first statewide wildfire building code mean for homeowners?
20+ hour, 35+ min ago (563+ words) Starting this year, Colorado is the first Western state after California with a statewide, mandatory building code for structures in the wildland-urban interface, where communities encroach on wilderness with wildfire potential. The deadline to adopt the code was April 1. In…...
Gov. Polis unveils plan aimed at cutting Colorado home insurance costs by up to $800 a year
2+ week, 2+ day ago (535+ words) Gov. Jared Polis and Division of Insurance Commissioner Mike Conway unveiled a "roadmap" on Thursday that they say will save the average Coloradan $800 a year on homeowner's insurance. Colorado has some of the highest homeowners' insurance rates in the country,…...
Hail drives up to 54% of homeowners" insurance premiums in parts of Colorado
2+ mon, 3+ week ago (225+ words) Hail is the largest cost driver of homeowners" insurance spikes in many parts of the state, according to data collected by the Colorado Division of Insurance. The department requested data from 20 homeowners" insurance carriers to calculate average premiums and the…...
Proposed changes to wildfire code would add protections to eastern edge of Colorado Springs
2+ mon, 4+ day ago (624+ words) New construction rules may be coming to the higher-risk wildfire areas around Colorado Springs, including the grassland on the city's eastern side. Colorado Springs Fire Marshal Kris Cooper presented an early draft of the proposed changes to the city's wildfire…...
Colorado lawmakers roll out bipartisan plan aimed at lowering home insurance risk
3+ mon, 1+ week ago (726+ words) Homeowners" insurance rates continue to rise, prompting a bipartisan group of lawmakers to introduce a bill Wednesday aimed at reducing damage from hail and wildfire. The measure would encourage homeowners and homeowner associations to take additional mitigation steps and, in…...
Wildfires burn thousands of acres in Central California
8+ mon, 1+ week ago (512+ words) (The Center Square)" Many new wildfires continued to burn in Central California Wednesday after torching thousands of acres. The TCU September Lightning Complex, which consists of 22 fires of various sizes in Calaveras and Tuolumne counties, started at 4 p. m. Tuesday. As the…...
CA bill to give interest on insurance payments to homeowners
8+ mon, 2+ week ago (371+ words) (The Center Square) "The California Legislature this week passed a bill to give at least 2% of interest on insurance payments to owners of homes that need rebuilding or repair from natural disasters. Legislators said they felt compelled to pass Assembly…...
Demand for Colorado's new last-resort property insurance 'significantly less' than expected
8+ mon, 3+ week ago (1054+ words) Only 51 homeowners have signed up so far for the Fair Access to Insurance Requirements (FAIR) Plan, Colorado's newly created insurance of last resort for property owners with repeated denials from traditional insurers. The low numbers are in some ways by…...
State Farm faces backlash over $523 million insurance rate hike in Illinois
9+ mon, 4+ week ago (441+ words) (The Center Square) " State Farm's plan to raise homeowners insurance rates by more than half a billion dollars in Illinois has reignited calls from consumer advocates to overhaul how the state oversees insurance rates. "Home insurance rates are on the…...
Six months after LA wildfires, some adjust to new life in RVs
10+ mon, 1+ week ago (712+ words) ALTADENA, California (Reuters) -Terry Kilgore lives alone in his Altadena neighborhood in California, sleeping in a recreational vehicle and surrounded by empty lots that were once the site of family homes. In January, those homes were burned to the ground....