insurance
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Insurance companies are ‘victims’ under state restitution law, appeals court says
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The Court of Appeals agreed that insurance companies qualify as “victims” that are entitled to restitution under state law. A three-judge panel for the state’s second-highest court interpreted a change in the law from 2000 and concluded the legislature had not intended to erase insurers from receiving compensation for losses due to crime. The panel…
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Colorado lawmakers propose changes to insurance coverage of wildfire losses
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Less than two months after Coloradans suffered the state’s most destructive wildfire in history, lawmakers are trying to change the way insurance companies handle wildfire losses. If passed, House Bill 1111 would increase the amount of lost property insurance providers have to cover upfront and extend the timeframe victims have to rebuild their homes. The…
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Claims adjusters’ fate lies in state Supreme Court following arguments over personal liability
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In a case that has drawn the attention and alarm of national industry groups, the Colorado Supreme Court considered this week whether state law allows people to sue insurance claims adjusters personally for delaying or denying payments. Lawyers for plaintiff Alexis Skillett attempted to reassure the court during oral arguments that lawsuits against claims adjusters would…
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Officials say health insurance subsidies are available to more Coloradans
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Subsidies will be available to more residents in 2022, state officials said amid another push this week to get Coloradans covered through the health insurance market. Officials said individuals and families who were previously denied insurance subsidies might now be eligible – thanks to the American Rescue Plan Act. Two out of three customers who applied for but failed to get subsidies in 2021 could get the help financial aid in 2022, they said. The…
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Division of Insurance cancels part of federal waiver on Colorado Option that critics called price-fixing
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Colorado is moving forward on its plans to launch its state-designed standardized health insurance plan for individual and small group markets, but a waiver the state planned to pursue with the federal government had health care providers, including insurance companies, fuming. Critics said a portion of the waiver is an attempt at arbitrary price-fixing that could limit…
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Warning signs belie low uninsured rate across Colorado
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The ever-increasing cost of health care – and increasingly skimpy insurance plans – are threatening to undo progress made under the Affordable Care Act in helping people access care and pay for it, a comprehensive biennial survey has found. Colorado’s uninsured rate held steady this year at 6.5%, according to the 2019 Colorado Health Access…
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House to take up bill to extend insurance for families of fallen police, firefighters
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With eight working days left in the General Assembly, the Colorado House will have to move fast to give families of fallen local officers and firefighters the same security of insurance extended to state troopers this session. Senate Bill 247 passed the upper chamber 35-0 last Thursday and awaits a yet-unscheduled committee hearing in the…
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Hickenlooper, 11 other governors call on Congress to reauthorize CHIP program
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Gov. John Hickenlooper has joined a bipartisan group of 12 governors calling on Congress to reauthorize the Children’s Health Insurance Program, which is set to expire Jan. 31. About 75,000 children and nearly 800 pregnant women in Colorado stand to lose health care coverage if the program is not renewed, Hickenlooper’s office says, and the…
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More health insurance plans proposed as lawmakers get desperate for solutions
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Republicans and Democrats in Congress proposed more revisions to the nation’s health insurance this week while Colorado politicians struggled with the same concerns over skyrocketing premiums that are fueling the national controversy. Governor John Hickenlooper continued to argue for a bipartisan plan while a gubernatorial candidate who wants his job recommended a Medicare-for-everyone option.…
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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…
