Tag: colorado

Enrollment in Colorado health insurance exchange growing slowly

S.Vagus
Colorado Health Insurance

State exchange sees more activity Enrollments in Colorado’s health insurance exchange have been lagging behind that seen in other states throughout the U.S. Technical difficulties with the exchange’s website and servers has made it difficult for residents to enroll for coverage. Colorado runs its own insurance exchange and has managed to avoid some of the problems associated with the federal government’s exchange network. Even as the problems with the state’s exchange are being fixed, consumers seem somewhat uninterested in purchased coverage through the marketplace. Consumers have not yet been won…

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Health insurance cancellations reach 250,000 in Colorado

Logan B.
Colorado Health Insurance

Cancelled health insurance policies cause frustration throughout state The number of people in Colorado who are likely to see their health insurance policies cancelled has reached 250,000. These cancellations are causing frustration for many consumers in Colorado and several other states throughout the U.S. According to the Colorado Division of Insurance, 23 insurance providers are opting to cancel policies due to federal regulations introduced through the Affordable Care Act. The majority of these policies are expected to expire in January and February of next year. Insurers opt to cancel policies…

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Importance of flood insurance highlighted in Colorado

Logan B.
Flood Insurance

Colorado disaster draws attention to flood insurance The importance of flood insurance coverage has again been exemplified in Colorado. The state has fallen victim to heavy rainfall, which has sparked floods in many densely populated communities. Record-breaking rainfall and the steep mountains found throughout the state created a major flooding disaster for residents of Larimer and Boulder counties. Thousands of homeowners were evacuated from some communities, returning to find that their properties were uninhabitable. Moreover, many of these homeowners found that their homes were not protected because of their lack…

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Colorado releases estimates concerning cost of health insurance through exchange

Logan B.
Colorado Health Insurance

Health insurance estimates released by Colorado officials The cost of health insurance has been a major issue since the passage of the Affordable Care Act in the U.S. The federal law has called for the establishment of exchange programs in every state, which are meant to serve as marketplaces where consumers can find affordable coverage. Exactly how affordable this coverage will actually be has been a topic of debate for the past two years. In Colorado, this debate may be coming to an end as state officials release their estimates…

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Insurance industry estimates damage of Black Forest Fire at $300 million

Marc
Colorado homeowners insurance industry wildfires

Insurance industry suffers fresh blow from Black Forest Fire A major wildfire has caused significant damage in Colorado. The disaster is being called the Black Forest Fire and was first sparked on June 11. The fire lasted until June 20 and is being considered the worst wildfire in the state’s history. The insurance industry has been working to assess the damage caused by the disaster since the fire had been effectively contained. This week, the Rocky Mountain Insurance Information Association has released a preliminary assessment of the damage caused by…

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