USA — Colorado now ranks among the top 10 for the highest share of homeowners insurance claims paid out due to catastrophes.
The Insurance Research Council says catastrophes triggered only 26 percent of the claims made on homeowner policies from 1997 to 2006. The council says in 2010, insurance companies paid out more than $1.30 in claims for every $1 premium collected.
According to the Denver Post, average annual premiums paid by Colorado homeowners are above the national average, rising to more than $890 in 2009, up from about $830 in 2007.
Industry officials estimate catastrophes caused $1.6 billion in damages in Colorado from 1990 to 1999. In 2010 and 2011 alone they triggered $1.1 billion. The failure was in the forest areas.Advertisement
Following a 10-year strategy, ACT fire managers have created a mosaic across the landscape of different fuel levels, burning at every opportunity.
But forests have been too wet to burn this spring and the past two summers.
A network of 500 fire trails and strategic burns along the north-west urban edge, heavy grazing and extra grass slashing will create a fortress for the territory which forecasters say faces a higher than average risk this summer.
After a fire-fuelled tornado in January 2003 killed four Canberrans and frightened thousands more, CSIRO fire expert Phil Cheney told the subsequent inquiry the fire’s penetration into urban areas under extreme conditions did not reflect a failure of fuel management on the urban interface.