Search
 

Big changes to PC coverage one year after Colorado flooding

One year after Colorados "100-Year Flood," client education is more important than ever.

By Mike Brown, CPCU, CRM, ARM | Updated on September 09, 2014
A guardrail hangs away from a closed canyon road, which links Boulder with the mountain town of Nederland, and which was washed out in places by the 2013 floods, west of Boulder, Colo.(AP Photo/Brennan Linsley, File)

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. 

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 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.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.