Colorado Homeowners Insurance Crisis | Denver News

Colorado homeowners face the nation’s steepest insurance rate hikes, with premiums up 61% last year and now averaging over $4,000. The state’s insurance commissioner admits the market won’t fix itself—and is pushing bold new solutions. Grants help homeowners fortify roofs against hail, while the FAIR plan offers last-resort coverage (still pricey and limited). The real culprit? Unpredictable weather, especially hailstorms, driving up claims. Insurers are still profitable (70% loss ratio), but rising catastrophe risk is forcing higher rates. Yet there’s hope: national catastrophe losses are falling, and the state’s new risk-sharing approach could spark competition and lower costs for Coloradans. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1bae3b99c2d05fed