Rocky Mountain Insurance Information Association News

Fury of Hailstorms Battered Colorado, Insured Losses ‘Skyrocketing’

The hailstorms that hit Northern Colorado and the Denver-metro just over a week ago carried a $276.4 million insurance price tag. The storms followed a Southern Colorado hailstorm a week earlier that caused an estimated $169 million in insured losses. …

Colorado’s Hail Storm Damage Estimate for Last Year at $2.3B

The massive hail storm that pummeled Colorado’s northern Front Range a year ago generated nearly $900 million more in damage than first estimated, as claims from homeowners doubled in the months that followed. The Denver Post reported this week that …

Is Colorado’s Pet Sitting Law Another Insurance Quagmire Waiting to Unfold?

If it barks like a dog… A new Colorado law that enables people to sit up to three pets without needing a license looks pretty much like just another piece of the growing gig economy. People can sell their services …

Colorado Hailstorm on Pace to be Most Expensive in State History

More than 150,000 auto insurance claims and 50,000 homeowners claims are estimated to be filed in the wake of a monster hailstorm that pounded Colorado’s Front Range on May 8, putting it on pace to be the state’s most expensive …

Colorado Wind Storm Deadly, But Not So Costly

A wind storm that recently tore through a Colorado city was deadly, but less costly than expected. The Jan. 9 wind storm caused downed trees and widespread power outages, but it didn’t make the list of Colorado Spring’s most costly …

$352.8M in Damage from July Hailstorm in Colorado

The July 28 hailstorm that hit Colorado Springs was the sixth-most damaging event in Colorado history. The Gazette reported that according to an insurance industry trade group the storm earned $352.8 million in claims for damage to homes and vehicles. …

RMIIA: Colorado Hailstorm Caused $213M in Insured Losses

Insurers say a hailstorm last month carried a hefty price tag. Rocky Mountain Insurance Information Association spokeswoman Carole Walker said Monday the Sept. 29 storm pounded thousands of vehicles and roofs, causing an estimated $213 million in insured losses. The …

One Year Later Insurance Losses From Black Forest Fire $420.5M

A year after the massive Black Forest Fire stuck Colorado, insured losses are now estimated at $420.5 million, according estimates released by the to the Rocky Mountain Insurance Information Association on Thursday. The Black Forest community in El Paso County …

Nearly $110M Damages From Colorado Hail, Wind, Flooding in May

Hail, wind and flooding in May caused an estimated $109.3 million in insured losses resulting from 28,442 auto and homeowners insurance claims filed, an insurance group reported on Monday. The damage estimates include 18,538 car insurance claims adding up to …

Insurer Group: Colorado’s Black Forest Fire $292.8 Million

The most destructive wildfire in Colorado history caused $292.8 million in insured losses, according to a preliminary report issued on Monday by the Rocky Mountain Insurance Information Association. The estimates include roughly 3,630 homeowner and auto insurance claims being filed …