Dave Jones

Colorado’s governor is set to sign a first-of-its-kind reform bill mandating property insurers account for wildfire risk mitigation in both their coverage decisions and pricing models. Some in New Mexico are looking at the legislation as an example that could work here as well.

Two insurance regulators are joining forces to take an unprecedented step to survey property insurance markets across the United States – which has never been collected to this degree at the national level. Their hope is to better understand how climate change and extreme weather affects policy premiums and coverage options.