Rocky Mountain Voice

Tag: Property Insurance

Colorado’s July Laws Reshape Firearm Sales and Wildfire Insurance Rules
kdvr.com, Approved, State

Colorado’s July Laws Reshape Firearm Sales and Wildfire Insurance Rules

By Maddie Rhodes | KDVR DENVER (KDVR) — Several Colorado laws are set to go into effect starting in July. While Colorado laws get passed all the time, the effective date is sometimes delayed to make sure people have time to comply with the law before there are penalties. Usually, several laws go into effect in January at the start of the year and in July, just past the halfway point of the year. In January, laws surrounding gun show requirements and deceptive pricing practices went into effect. Now, laws including the sale of firearm ammunition and property insurance policies are going into effect on July 1. Colorado laws going into effect Here are some of the laws going into effect: New requirements for sale of firearm ammunition House...
New Colorado Laws Bring Major Changes July 1 for Gun Buyers, Homeowners, and Hunters
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...
Insurance relief or government growth: Colorado bills reveal two competing paths
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...
Lawmakers Debate Fee Based Plan To Cut Insurance Costs With Hail Resistant Roof Grants
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...