Tag: Colorado insurance

Will Homeowner’s Insurance Cover Hail Damage?

Guest Author
Insurance Cover Hail Damage

Since you’re living in “hail alley” in Denver, damage to your property due to this meteorological phenomenon kind of just comes with the territory. That being said, it doesn’t make the damage any less frustrating when you have to deal with it. Repairing places around your home, like your roof, can be a financial burden if you’re not appropriately prepared to handle the responsibility. There is a real need for hail preparedness, considering that parts of Colorado receive the “highest frequency of large hail in North America and most of the world.”…

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Allstate releases its catastrophe loss estimate for July 2018

G. Turner
Catastrophe loss estimate - Destruction - American Flag

The American insurance giant released the announcement of loss as well as its future predictions. The Allstate Corporation recently released its catastrophe loss estimate for July 2018. Throughout that month, it estimates having experienced loss from catastrophes reaching a pre-tax $262 million. This figure converts to $207 million after taxes are taken into consideration. The Allstate Insurance catastrophe losses were the result of 15 individual events in July. The July 2018 catastrophe loss estimate were the outcome of 15 separate catastrophic events. They brought with them losses of $220 million…

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Colorado health insurance will continue to protect those with pre-existing conditions

G. Turner
Colorado health insurance continues to protect those with pre-existing conditions - man in wheelchair

As Americans across the country return to struggling for coverage, Coloradans will be spared. Colorado health insurance will maintain its coverage of individuals with pre-existing conditions, despite the Trump administration’s recent moves. The president shocked the health care industry earlier this month when the Department of Justice announced it wouldn’t be defending certain central components in the Affordable Care Act. This announcement may mean that Americans with pre-existing conditions could once again lose coverage. That said, Colorado health insurance law will make certain that residents of the state will continue…

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Colorado mental health insurance bill to help consumers navigate the system

Marc
Mental health insurance claims - young woman stressed

A new measure introduced this week may make it simpler for state residents to receive mental health care. A new Colorado mental health insurance bill introduced this week could make it easier for state residents to receive the care they need. The idea is to form a state ombudsperson’s office. The goal of the office is to assist Colorado residence in navigating the insurance system for mental health care. Many people struggle to understand their rights and to whom they should direct their questions. Individuals find the current Colorado mental…

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Colorado insurance commissioner points finger at Trump administration for massive rate hikes

Marc
denver colorado health insurance

Marguerite Salazar says that uncertainty generated by the president led to the 27 percent rate hike requests. Colorado Insurance Commissioner Marguerite Salazar’s department received requests for 27 percent rate hikes in the individual market and 7.3 percent for small group. The commissioner is not happy and blames the Trump administration for the uncertainty they’ve created within the market. Salazar said the games played by the Trump administration have caused the health insurance market to become unstable. The result of these actions, said the Colorado insurance commissioner, was huge 2018 rate…

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