Colorado eyes new wildfire insurance coverage charges

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Colorado eyes new wildfire insurance fees

Alongside HB 1302, lawmakers are additionally reviewing a separate proposal—Home Invoice 1182—which might impose new disclosure and notification necessities on insurers utilizing wildfire danger fashions in underwriting. If handed, HB 1182 would mandate better transparency from insurers about their use of disaster fashions, danger scores, and different instruments used to evaluate wildfire publicity when figuring out protection eligibility and premiums.