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Why didn’t Marshall fire homeowners have enough insurance? Watchdogs blame industry software.

Insurance companies use one program to determine coverage, another to estimate what homeowners need to rebuild

Homeowner Doug Mayfield looks for tools ...
Andy Cross, The Denver Post
Homeowner Doug Mayfield looks for tools in his burned out garage on Cherrywood Lane near Cypress Lane in Louisville on Dec. 31, 2021 — the day after the Marshall fire destroyed more than 1,000 homes in Boulder County.
Noelle Phillips of The Denver Post.
PUBLISHED: | UPDATED:
Getting your player ready...
Industry watchdogs, including Colorado Insurance Commissioner Michael Conway, say the computer programs used by insurance companies to provide replacement cost estimates to homeowners are a problem because they consistently underestimate how much families need after they lose their homes in natural disasters.
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