A report from the Colorado Department of Regulatory Agencies found that outside of the top five insurance companies, carriers have been reducing their exposure in the Colorado market. Through October 2022, 76% of carrier groups shrank their exposure in the state, and 32% of that group did so by more than 10%. (Credit: Robert Arthur Media/stock.adobe.com) A Colorado Department of Regulatory Agencies report found that carriers have been reducing their exposure in the Colorado market outside of the top five insurance companies. Through October 2022, 76% of carrier groups shrank their exposure in the state, and 32% of that group did so by more than 10%. (Credit: Robert Arthur Media/stock.adobe.com)

Home insurance premiums have been accelerating in Colorado due to the confluence of growing wildfire risks, inflation and a hardening reinsurance market, according to a report from the Colorado Department of Regulatory Agencies (DORA), which found the affordability and availability of home insurance could become challenged.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]