Coloradans who lose their homes in a wildfire could see their insurance claims paid out more speedily under a bill that Gov. Jared Polis signed into law Thursday. House Bill 22-1111 applies to owner-occupied properties lost in declared fire disasters, like the Marshall Fire that destroyed more than 1,000 structures in Boulder County in December… Continue reading New Colorado Law Requires Speedier Post-Wildfire Homeowners Insurance Payouts
Tag: insurance payouts
Extreme Weather Makes Insurer Reimbursement Increasingly Challenging
Almost six months after Hurricane Ida lifted the roof off Brett Gabriel’s house, filling it with rain water, rebuilding feels nearly as out of reach as it did the day of the storm. Between gutting the mold-covered walls and replacing the waterlogged floors in his home about 45 miles southwest of New Orleans, it will… Continue reading Extreme Weather Makes Insurer Reimbursement Increasingly Challenging
Climate Change Led to Record Insurance Payouts in 2020
COVID continues to cause severe economic distress, but natural disasters fueled by a warming planet also took their toll this year, causing record damage and displacing millions according to two new assessments of insurance claims in 2020. Christian Aid, the relief arm of 41 churches in the U.K. and Ireland, ranked the 15 most destructive… Continue reading Climate Change Led to Record Insurance Payouts in 2020