Colorado leaders hail drought ‘consensus’ among 6 of 7 Colorado River Basin states - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Property and Casualty News
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Property and Casualty News RSS Get our newsletter
Order Prints
February 2, 2023 Property and Casualty News
Share
Share
Post
Email

Colorado leaders hail drought ‘consensus’ among 6 of 7 Colorado River Basin states

Montrose Daily Press, The (CO)

Representatives from six of the seven states that make up the Colorado River Basin on Monday announced their agreement on an "alternative framework" that they say should form the basis of federal planning for the drought-imperiled water source for 40 million people across the Southwest.

Colorado joined five other states in agreeing to the proposal after talks held in Denver this month, setting up a confrontation with California — the Colorado River Basin's largest and most populous user, and the lone holdout on the agreement — over federal management of Lake Powell and Lake Mead.

The two critical reservoirs have faced severe shortfalls amid a climate-change-driven megadrought that has impacted the region since 2000.

"I am encouraged today that six states came to an agreement on potential mechanisms to better manage the critical reservoirs on the Colorado River," Gov. Jared Polis said in a statement Monday.

"Increased drought, climate change and overuse has led to less water in our reservoirs. More must be done to protect the system, and although we did not cause this crisis, I am proud that Colorado is part of the solution."

Water levels at Lake Mead, the nation's largest reservoir, dropped to record lows in 2021 and again in 2022, prompting a round of emergency cuts to water releases for states in the "lower basin" of the Colorado River system. Lake Mead is formed by the Hoover Dam and located along the Nevada-Arizona border.

As officials with the U.S. Bureau of Reclamation finalize a plan to deal with continued shortages, the "Consensus-Based Modeling Alternative" endorsed by the six states Monday aims to ensure that federal projects better account for evaporation and "transit losses," such as those from leaky infrastructure, in the lower basin. That would have the effect of substantially reducing the allotments that lower-basin states like California could expect from the system.

"The CBMA approach appropriately distributes the burden across the Basin and provides safeguards for the Tribes, water users, and environmental values in the Upper Basin," Becky Mitchell, director of the Colorado Water Conservation Board, said of the agreement.

From its headwaters just west of the Continental Divide in Rocky Mountain National Park, the Colorado River, along with its tributaries, serves as a vital lifeline for communities and ecosystems across the West.

Though not located directly in the basin, many cities along Colorado's populous Front Range draw water in "transbasin" diversions underneath the Continental Divide from the Western Slope, where 80% of the state's annual precipitation falls.

Municipal and industrial users account for only about 7% of Colorado's total annual water consumption. Almost all of the rest — nearly 90% — is used by agricultural producers to irrigate crops and to feed and water livestock.

Colorado leaders have resisted calls to cut back sharply on water use in the Upper Basin, where less of the system's water is used and where voluntary conservation efforts have been more successful.

Democratic U.S. Sen. Michael Bennet of Colorado, who has championed billions in new federal investment for drought-resiliency and water-storage projects in Western states, hailed the "common vision" of the six-state proposal.

"California's decision not to join this consensus is deeply disappointing," Bennet said in a statement. "We are facing the most serious drought in 1,200 years. California must step forward and be part of the solution. For too long, the other six states, and particularly the Upper Basin, have carried the burden of this historic drought. I urge Interior Secretary Haaland to recognize the leadership of these six states and enact their consensus proposal."

Older

Florida repairs necessitated by Hurricane Ian are still being made

Newer

Texas law firm sanctioned in New Orleans federal court over Hurricane Ida case

Advisor News

  • Addressing the ‘menopause tax:’ A guide for advisors with female clients
  • Alternative investments in 401(k)s: What advisors must know
  • The modern advisor: Merging income, insurance, and investments
  • Financial shocks, caregiving gaps and inflation pressures persist
  • Americans unprepared for increased longevity
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
  • Aspida Life and WealthVest Offer a Powerful New Guaranteed Income Product with the WealthLock® Income Builder
  • Lack of digital tools drives wedge between insurers, advisors
  • LIMRA: Annuity sales notch 10th consecutive $100B+ quarter
  • AIG to sell remaining shares in Corebridge Financial
More Annuity News

Health/Employee Benefits News

  • GLP1s weight-loss drugs may soon be covered by health insurance under new Washington court ruling
  • Baystate, Mercy advocate takeover as public worries about ER waits, delivery rooms, Medicare
  • Kansas state employees retain choice of Blue Cross, Aetna for health insurance
  • Rob Sand unveils water quality, public health plan
  • Mark Farrah Associates Assessed Year-End Health Insurance Segment Membership Trends
More Health/Employee Benefits News

Life Insurance News

  • Symetra Names Jeff Sealey Vice President, Stop Loss Captives
  • 3 ways AI can help close the gap for women’s insurance coverage
  • Best’s Market Segment Report: AM Best Revises Outlook on Italy’s Life Insurance Segment to Stable From Negative
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
  • Dan Scholz to receive NAIFA’s Terry Headley Lifetime Defender Award
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

Inside the Evolution of Index-Linked Investing
Hear from top issuers and allocators driving growth in index-linked solutions.

Press Releases

  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
  • RFP #T01325
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet