Colorado’s Proposed Insurance Premium Fee for Disasters

What’s happening? Colorado is considering the Natural Disaster Mitigation Enterprise, HB21-1208 (2021 | Co) that would add a $1.25 per every $1,000 in premiums to create the state-run natural disaster mitigation enterprise fund that would help communities finance necessary work to lessen or prevent future catastrophes. 

Why is this important? Mitigating disasters is big talk and big work in state legislatures.

How will this be important? The pacing of “disasters” seems to be increasing.

The Colorado Sun | Could a new insurance-premium fee prevent Colorado’s next big natural disaster? Some lawmakers say yes.