colorado division of insurance
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As rates rise and coverage vanishes, Colorado Springs home insurance market reaches “tipping point”
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If experience is the best teacher, then Leigh Candelas is an expert in protecting her own home from a catastrophic fire. A 2013 Black Forest fire survivor whose ranch-style house was damaged but not destroyed, she has in the intervening years made it a priority to protect her house with proactive safety measures, going so…
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Colorado awarded $245M for cost savings from state health insurance programs
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Cost reductions from Colorado health insurance programs saved the federal government $245 million in 2023, money which will soon be returned to the state. The U.S. health and treasury departments announced Colorado’s $245 million in pass-through funding on Wednesday – the largest amount Colorado has received, said Insurance Commissioner Michael Conway. This is the first…
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Colorado insurance recoveries up 93% due to wildfire claims
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The state helped Coloradans recover nearly $20 million in additional insurance payments last year, mostly from catastrophic wildfire claims. A report released Tuesday found that the Colorado Division of Insurance recovered more than $19.6 million from investigating consumer complaints during the 2021-22 fiscal year – an increase of 93% from the previous year. The report…
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Individual health insurance premiums expected to increase by over 11% in Colorado
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Health insurance premiums are expected to increase by over 11% in Colorado’s individual market and over 9% in the small employer market in 2023, according to the Division of Insurance. The division released the proposed premium increases Tuesday, using preliminary insurance company filings for 2023. In the individual market – health insurance plans separate from…
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Common Sense Institute: Colorado Option could lead to cuts in services or higher premiums
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Is the Colorado Option sustainable? A new report from the Common Sense Institute, a think tank that hews to the conservative values of free enterprise and individual opportunity, is raising concerns that the Colorado Option, a state-mandated health insurance plan for the individual and small group markets that becomes available in 2023, may be hindered…
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Colorado regulators approve average 27 percent hike in insurance rates
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Colorado health insurance regulators on Wednesday made official a 27-percent average rate hike for people buying their own plans next year. Colorado’s Insurance Commissioner Marguerite Salazar cited continued turmoil on Capitol Hill in signing off on the rate increases, which come on the heels of a 20.4-percent rise in premium prices this year. In doing…
