Tag: Division Of Insurance
-
Hail drives up to 54% of homeowners’ insurance premiums in parts of Colorado
Hail is the largest cost driver of homeowners’ insurance spikes in many parts of the state, according to data collected by the Colorado Division of Insurance. The department requested data from 20 homeowners’ insurance carriers to calculate average premiums and the percentage of those premiums attributable to hail and wildfire risks. “We know that homeowners’…
-
Colorado insurance rates will be more expensive than Polis administration promised
Colorado’s insurance premiums will increase by double digits in the individual pool and by a substantial amount in the small group market next year, rate changes the state released on Tuesday show, leading the trade association for health insurers to argue that the Polis administration “chose politics over math.” Coloradans face a 7.4% hike…
-
Humana to withdraw from the employer health insurance market in Colorado
Humana, which provides health insurance to small businesses in Colorado, intends to withdraw from the Colorado employer group market within the next 18 months, Colorado Politics has learned. The company has not formally announced its withdrawal. Humana did not return inquiries from Colorado Politics. Humana announced its intention to leave the state market in a letter sent…
-
Division of Insurance cancels part of federal waiver on Colorado Option that critics called price-fixing
Facebook Twitter WhatsApp SMS Email Print Copy article link Save 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…