{"id":23481,"date":"2025-05-07T16:57:03","date_gmt":"2025-05-07T16:57:03","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=822923"},"modified":"2025-05-07T16:57:03","modified_gmt":"2025-05-07T16:57:03","slug":"colorado-committee-kills-homeowners-insurance-bill-to-control-costs-through-1-charge","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2025\/05\/07\/colorado-committee-kills-homeowners-insurance-bill-to-control-costs-through-1-charge\/","title":{"rendered":"Colorado Committee Kills Homeowners Insurance Bill to Control Costs Through 1% Charge"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/img\/social\/opengraph\/ij-social-default-1200x630.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2025\/05\/07\/822923.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2025\/05\/07\/822923.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>A Colorado bill to impose a 1% charge on homeowners insurance policies died in a committee in state Legislature this week.<\/p>\n<p>The Senate Finance Committee voted 6-2 to kill <a href=\"https:\/\/leg.colorado.gov\/bills\/hb25-1302\">House Bill 1302<\/a>, which was pushed by Gov. Jared Polis and top Democrats in the legislature to rein in home insurance premiums in Colorado.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>The bill would have created the Strengthen Colorado Homes Enterprise, a state-owned business that imposes and collects a fee on policyholders of homeowner\u2019s insurance policies issued by insurance companies (insurers) and the fair access to insurance requirements (FAIR) plan association in the admitted market covering property located in or risks in Colorado.<\/p>\n<p>With the fee revenue, the strengthen homes enterprise board would administer a grant program \u201cto strengthen homes against the risk of future damage claims caused by high winds, wildfire, hail, and other extreme weather events (extreme weather events) by allowing a homeowner to use grant money to upgrade their roof system with certain resilient roof materials,\u201d the wording in the bill states.<\/p>\n<p>The bill was intended to reduce insurers\u2019 loss risk by having the state purchase reinsurance coverage for companies that offer policies in wildfire-prone areas through a Wildfire Catastrophe Reinsurance enterprise, a state-owned business implementing and administering the wildfire catastrophe reinsurance program.<\/p>\n<p>Members of the committed opposing the bill said they were worried about imposing a new fee on residents, who were already complaining about the cost of living, <a href=\"https:\/\/coloradosun.com\/2025\/05\/06\/colorado-home-insurance-bill-dies\/\">the Colorado Sun reported<\/a>.<\/p>\n<p>\u201cWe\u2019re now opting to do nothing about a runaway freight train,\u201d state Sen. Judy Amabile, a Boulder Democrat and lead sponsor of the bill, told the Senate Finance Committee before it rejected the measure.<\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"822923\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! Please tell us what we can do to improve this article.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-yes\">\n<form class=\"feedback-form\">\n<p>Thank you! <span class=\"percent\"><\/span>% of people found this article valuable. Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>The most important insurance news,in your inbox every business day.<\/h4>\n<p>Get the insurance industry&#8217;s trusted newsletter<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments A Colorado bill to impose a 1% charge on homeowners insurance policies died in a committee in state Legislature this week. The Senate Finance Committee voted 6-2 to kill House Bill&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":23482,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1,9],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2025\/05\/colorado-committee-kills-homeowners-insurance-bill-to-control-costs-through-1-charge.png","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/23481"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=23481"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/23481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/23482"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=23481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=23481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=23481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}