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House panel advances plan to create two insurance‑stabilization enterprises for homeowners
Summary
Sponsors advanced House Bill 13‑02, a two‑enterprise package that would create a program to fund home hardening for hail and a wildfire reinsurance enterprise to stabilize availability of homeowners insurance in Colorado; committee adopted multiple industry negotiated amendments and voted the bill out to Appropriations.
The House Finance Committee voted to advance House Bill 13‑02, a package that creates two new state enterprises intended to stabilize Colorado’s homeowners insurance market by funding home‑hardening grants and a state wildfire reinsurance facility.
Sponsor Representative Brown said the bill establishes a Strengthen Colorado Homes enterprise to fund grants for homeowners to make roofs and other features more resistant to hail and wind. The bill’s second component is a Wildfire Catastrophe…
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