Wildfire risk and hail damage are driving up the cost of homeowners insurance in Colorado

Wildfire risk and hail damage are driving up the cost of homeowners insurance in Colorado

Colorado legislators are hoping that imposing a new 1% fee on homeowners insurance will help stabilize the state’s increasingly volatile marketplace.  A bill proposal is making its way through the state legislature that would create two new enterprises within the Colorado Division of Insurance to tackle the two biggest cost drivers in the state’s property insurance market: hail and wildfire.  “As we’ve continued to wrestle with the skyrocketing …