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Colorado wildfires are making it harder to insure homes. Could a publicly funded plan stave off an insurance crisis?

State commissioner suggests a plan of last resort could help homeowners who can’t find policies on open market

Firefighter lay hose lines on the ...
Firefighter lay hose lines on the ground near a burning house to help extinguish hotspots from a wildfire along Acequia Drive in Monte Vista on April 20, 2022. The wildfire was fast-moving, burning at least four homes. High winds and extremely dry conditions helped fan the fire that neighbors said ripped through dry ditches and open space. (Photo by Helen H. Richardson/The Denver Post)
Noelle Phillips of The Denver Post.
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The increasing risk of wildfires in Colorado is driving insurance carriers to raise premiums on homeowners’ policies — if they decide to insure them at all — and now the state’s insurance chief is suggesting a publicly funded pool of money be established to provide property insurance for those who can’t find it in the open market.
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