Homes could be rated to address Colorado wildfire risk [Gazette, The (CO)]
| By Megan Schrader; BY MEGAN SCHRADER [email protected] - | |
| Proquest LLC |
Gov.
"Wildfires have been a part of living in the West ever since people first settled here," Hickenlooper said Monday at the state Capitol. "For several decades, there has been a continuous buildup of hazardous fuels."
That growing risk required a response, he said.
After nine months of work, which included a trip in June to the
-Spending
-Increasing prescribed burn programs and grants for wildfire risk mitigation.
-Adopting a statewide ordinance for fire-retardant building codes and defensible space requirements in the wildland urban interface.
-Assessing a fee or tax on properties in high-hazard areas.
Hickenlooper said
"There are challenges around this," Hickenlooper said. "The state has to be a strong supporter, as they possibly can be, to make sure we do provide risk mitigation at the state level even as the implementation will fall primarily to counties and municipalities . We look forward to continuing to work closely with leaders from these different local offices to establish realistic and effective solutions."
"We've already spent taxpayer dollars, millions in mitigation. I would not support a statewide fee for mitigation," Bach said.
Kelley said other concerns among task force members were that rating houses on a 1 to 10 scale of fire danger - 10 being the highest - could render some properties uninsurable and thus unsellable. The task force also recommended disclosures of fire- risk numbers when a property is sold.
"In the event of high scores . we are suggesting that there be what's called a mitigation audit," Kelley said.
That audit would outline specific ways a homeowner, in conjunction with a city or county, could reduce the risk of wildfire, she said, adding that insurance companies would have input as well.
"We would like to have all of those people at the table when the credentialing or criteria for determining the score is developed," Kelley said.
Contact
719-286-0644
Twitter: @CapitolSchrader
| Copyright: | (c) 2013 ProQuest Information and Learning Company; All Rights Reserved. |
| Wordcount: | 520 |


Advisor News
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
- House panel advances CLEAR Forms Act backed by IRI
More Advisor NewsAnnuity News
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity NewsHealth/Employee Benefits News
Life Insurance News