Closely Built Homes Helped Marshall Firestorm Spread
Too many houses built too close together on the tinder-dry high plains between Denver and Boulder led to the record Marshall firestorm losses topping $1 billion, insurance industry researchers found this week as they sifted through ashes and charred ruins.
January 17, 2022
Catastrophe
Property
Colorado
Demand Surge, Inflation To Increase Colorado Wildfire Losses
AM Best has warned that demand surge and inflation will amplify losses related to the December 30th, 2021, late-season Marshall Fire in Boulder County, Colorado, which destroyed more than 1,000 structures.
January 13, 2022
Catastrophe
Property
Colorado
Claims Adjusters’ Fate Lies In State Supreme Court Following Arguments Over Personal Liability
In a case that has drawn the attention and alarm of national industry groups, the Colorado Supreme Court considered this week whether state law allows people to sue insurance claims adjusters personally for delaying or denying payments.
January 13, 2022
Liability
Litigation
Colorado
Insured Losses From Marshall Fire Estimated Near $1B, Costliest In Colorado History
The late-season Marshall Fire in Boulder County, Colorado, which destroyed almost 1,000 structures after strong winds accelerated the spread, is estimated to have resulted in insured losses of approximately $1 billion, according to risk modeller Karen Clark & Company.
January 5, 2022
Catastrophe
Property
Colorado
Investigators Probe Source Of Devastating Colorado Wildfire
Authorities in Colorado were searching for more answers Monday as they investigated what caused the destructive fire that torched scores of homes and displaced residents in the suburbs of Denver last week.
January 3, 2022
Property
Colorado
Tenth Circuit Rules Against Insurer, Decides Appraisers Can Determine Causation
In the continuing saga of what can and cannot be appraised in a property insurance appraisal, the Tenth Circuit, in contrast to many other courts, has ruled appraisers can determine coverage issues.
October 13, 2021
Litigation
Property
Colorado
Ski Resorts Operator Sues Insurer Over $200M In Denied COVID Losses Claims
When viruses shut down ski operations at Canadian Mountain Holidays and Ontario’s Blue Mountain Resort in 2015 and 2018, Lexington Insurance Co. paid the resort owners $200,000 in business interruption claims.
September 20, 2021
Litigation
Property
Colorado
Fatal Colorado Flooding and Mudslides Total at Least 5 Homes
A woman was found dead and three other people were missing after rain triggered flooding and mudslides in an area of northern Colorado burned by a large wildfire last year, authorities said Wednesday.
July 22, 2021
Property
Colorado
Patients Could Get ER Bills as Insurer Moves to Deny Claims it Deems Non-Emergent
Insurance giant UnitedHealthcare is cracking down on unnecessary emergency room visits with a new policy starting July 1 that the American Hospital Association says will jeopardize patients’ health and threaten them with financial penalties.
June 10, 2021
Life & Health
Alabama
Arizona
Arkansas
Colorado
Connecticut
Bad Faith Lawsuit: Insurance Company Labels COVID-19 a Pollutant
Insurance companies have a well-earned reputation for creativity when coming up with reasons to deny paying off policies.
May 28, 2021
Litigation
Colorado
Wildfire: Demonstrating The Cost-Effectiveness Of Mitigation
If you live in the western United States, the 2020 wildfire season has probably felt even more intense than the previous record-breaking seasons of 2017 or 2018. The sheer scale of the events this year has broken new records.
December 15, 2020
Legislation & Regulation
Property
Risk Management
California
Colorado
Oregon
Toyota’s Fuel Pump Recall Now Covers Nearly 6M Vehicles Worldwide
Toyota expanded a worldwide fuel pump recall to a total of 5.84 million vehicles for a defect that could cause the part to fail. In the United States, the total number of vehicles involved in this safety recall is now approximately 3.34 million vehicles.
October 30, 2020
Auto
Subrogation
Alabama
Alaska
Arizona
Arkansas
California
Over 300 Homes Destroyed In Colorado Wildfires
The two largest wildfires in Colorado’s recorded history have destroyed more than 300 homes and hundreds of additional structures including detached garages, barns and sheds.
October 28, 2020
Property
Colorado
Cars Clog Highways As Families Flee East Troublesome Fire In Colorado
The East Troublesome Fire is continuing to devastate parts of northern Colorado, swallowing homes and businesses in its path. Long lines of cars made their way out of the area as the fire continued to grow Thursday.
October 23, 2020
Property
Colorado
Colorado Burning: Climate Change And A Record-Breaking Wildfire Season
From Wednesday night into Thursday morning the East Troublesome fire in Grand County, Colorado exploded from 19,000 to 125,000 acres in just 12 hours, driven by wind gusts of up to 60 mph. It is now the fourth biggest fire in state history.
October 22, 2020
Catastrophe
California
Colorado
