On Sept. 9, 2013, along Colorado's heavily populated Front Range from Fort Collins to Colorado Springs, a severe cold front brought a deluge of nonstop rain for five days. Eight people lost their lives during the subsequent flooding, businesses were destroyed and two major thoroughfares into remote mountain towns were washed away by what experts titled the “100-Year Colorado Flood.”
The estimated cost to date of Colorado's 100-year flood is at $2.5 billion. However, many businesses in Colorado still don't see the need to insure against a flood, thinking their property insurance policy will cover the damage.
Denver business owners and residents especially were reluctant to purchase a rider for flood insurance, with policies actually dropping by 3.1% in 2013. According to the Federal Emergency Management Agency, only 22,000 homes and businesses in Colorado have flood insurance.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
