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New Colorado Laws Bring Major Changes July 1 for Gun Buyers, Homeowners, and Hunters
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Colorado Politics, Approved, State

New Colorado Laws Bring Major Changes July 1 for Gun Buyers, Homeowners, and Hunters

By Marissa Ventrelli | Colorado Politics Colorado will usher in a new set of laws on July 1 that touch everything from ammunition sales to insurance transparency and wildlife trafficking enforcement. Here is a look at some of the state’s new laws: Ammunition sales Sponsored by Majority Leader Monica Duran, D-Wheat Ridge, and Rep. Lindsay Gilchrist, D-Denver, and Sens. Judy Amabile, D-Boulder, and Cathy Kipp, D-Fort Collins, House Bill 25-1133 raises the minimum age to purchase ammunition from 18 to 21 years old. The bill also requires written notice to delivery drivers transporting boxes of ammunition, requires them to verify that the recipient is at least 21 and directs sellers to store ammunition in a secure area inaccessible to customers with...
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Colorado lawmakers say new insurance fees lower costs: Critics say families pay the bill
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Colorado Accountability Project, Approved, Commentary, State

Colorado lawmakers say new insurance fees lower costs: Critics say families pay the bill

By Cory Gaines | Commentary, Colorado Accountability Project Rising homeowners insurance rates have been a hot topic at the capitol this legislative session. I wrote about a couple bills to do so in late April. That newsletter is linked first below. It wasn’t too long after writing about this laser focus on homeowners insurance affordability by our legislature that I finally had a free minute to comparison shop on mine. The picture heading this post is from one of the quotes I got. While the legislators talk a great game about affordability, right there on the quote are two brand spanking new fees they imposed. Let’s look at what they are. The first is a $5.75 (yearly) fee assessed on my insurance: a Colorado FAIR Plan Recoupment Fee. This program — FAIR standin...
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Insurance relief or government growth: Colorado bills reveal two competing paths
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Colorado Accountability Project, Approved, Commentary, State

Insurance relief or government growth: Colorado bills reveal two competing paths

Cory Gaines | Commentary, Colorado Accountability Project The two bills linked at bottom (SB26-049 and SB26-155 respectively) present an interesting contrast in policy intended to lower homeowners insurance premiums. I thought a comparison of the two might be illuminating. It’s not going to be entirely black and white, these aren’t polar opposites, but in looking at the bills together I think you can get a sense of the “legislative style” of those involved. The fiscal notes of both provide a pretty apt summary, so let’s start there. Screenshots 1a and 1b show the summary for SB26-049. Screenshots 2a and 2b show the summary for SB26-155. In the former you increase the people who qualify for grants from an existing enterpr...
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Lawmakers Debate Fee Based Plan To Cut Insurance Costs With Hail Resistant Roof Grants
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The Colorado Sun, Approved, State

Lawmakers Debate Fee Based Plan To Cut Insurance Costs With Hail Resistant Roof Grants

By Bente Birkeland | The Colorado Sun Colorado insurance premiums have risen 65% in 5 years. Hail storms are mostly to blame. Colorado lawmakers want to impose a per-policy fee on home insurance providers to raise $20 million a year for a program that would provide grants to homeowners to protect their properties against hail. The hope is that the program will protect enough Colorado homes against hail that insurance rates will drop across the state. A similar effort failed last session. In the last five years the average premium in the state has gone up 65%, according to the National Association of Insurance Commissioners. That makes Colorado one of the top-10 most expensive states in the country for homeowners insurance.   Climate exp...
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