Burns establishes broker presence in Denver amid Colorado insurance crisis
What happened
Burns established a broker presence in Denver, Colorado. This move occurs as home insurance costs in Colorado have risen 101 percent since 2020, according to reports. The average Colorado homeowner now pays $4,310 annually, which is 80 percent above the national average.
Why it matters
The state faces severe physical climate risk, with 321,000 homes having moderate-to-great wildfire exposure, representing $141 billion in potential reconstruction costs. Researchers have noted that many homeowners lack sufficient coverage to rebuild after events like the 2021 Marshall Fire.
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ColoradoSpeculative
The state might face economic strain due to severe home insurance cost increases and geographic moratoriums.