Tag: insurance
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Cigna to pull out of individual health market, affecting thousands in Colorado
Another firm is withdrawing from the individual health insurance market, including for Colorado, effective Jan. 1, 2027. The move by Cigna Healthcare is part of the company’s overall plan to withdraw entirely from the Affordable Care Act market. It will impact individual health plans for 369,000 members in 11 states, according to a company announcement…
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Cigna to pull out of individual health market, affecting thousands in Colorado
Another firm is withdrawing from the individual health insurance market, including for Colorado, effective Jan. 1, 2027. The move by Cigna Healthcare is part of the company’s overall plan to withdraw entirely from the Affordable Care Act market. It will impact individual health plans for 369,000 members in 11 states, according to a company announcement…
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Gov. Polis unveils plan aimed at cutting Colorado home insurance costs by up to $800 a year
Gov. Jared Polis and Division of Insurance Commissioner Mike Conway unveiled a “roadmap” on Thursday that they say will save the average Coloradan $800 a year on homeowner’s insurance. Colorado has some of the highest homeowners’ insurance rates in the country, according to the National Association of Realtors. While premiums nationwide increased by about 58%…
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10th Circuit rules State Farm not required to pay benefits in I‑25 swerving crash
The Denver-based federal appeals court concluded last week that two vehicle occupants who were injured while swerving to avoid a man in the middle of Interstate 25 are not entitled to insurance benefits. Plaintiffs Stephanie Mazur and Julia Wunder were in a vehicle insured by State Farm at the time of their wreck. The insurance…
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Colorado justices agree to review insurance question that has divided federal judges
The Colorado Supreme Court granted a federal judge’s request on Friday to address an issue that has produced conflicting answers in policyholders’ lawsuits against insurance companies over unpaid benefits. “Parties (and judges) regularly spend undue time and money fighting in the pretrial context about a legal question that should be resolved once and for all…
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Appeals court recognizes longer window to sue insurers for withholding policy details
Colorado’s second-highest court split with its own prior decision earlier this month and concluded injured motorists have two years, not one, to sue insurance companies for withholding relevant information about an at-fault driver’s policy. In 2019, Colorado lawmakers enacted a measure to help motorists determine which insurance coverage is available in the event of an injury. To…
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Hail drives up to 54% of homeowners’ insurance premiums in parts of Colorado
Hail is the largest cost driver of homeowners’ insurance spikes in many parts of the state, according to data collected by the Colorado Division of Insurance. The department requested data from 20 homeowners’ insurance carriers to calculate average premiums and the percentage of those premiums attributable to hail and wildfire risks. “We know that homeowners’…
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Hail drives up to 54% of homeowners’ insurance premiums in parts of Colorado
Hail is the largest cost driver of homeowners’ insurance spikes in many parts of the state, according to data collected by the Colorado Division of Insurance. The department requested data from 20 homeowners’ insurance carriers to calculate average premiums and the percentage of those premiums attributable to hail and wildfire risks. “We know that homeowners’…
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Colorado Supreme Court accepts cases about reliability of gun-to-bullet matching
The Colorado Supreme Court announced on Monday that it will hear two cases questioning the reliability of expert testimony that purports to identify whether a specific bullet was fired from a specific gun. At least three of the court’s seven members must agree to take up a case on appeal. There is currently one vacancy,…
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Colorado Supreme Court to hear cases on insurance coverage for COVID, witness credibility
The Colorado Supreme Court announced on Tuesday that it will decide the degree to which a virus or other hazard must affect a commercial property before it can trigger loss-or-damage coverage under an insurance policy. At least three of the court’s seven members must agree to hear a case on appeal. Currently, there is one…