Hail, fire and drought: Colorado behind only Kansas in spike of major disasters past 20 years – Greeley Tribune

Colorado over the past 20 years has suffered more major natural disasters than Florida and is among nine states where the number of events causing $1 billion or more in damage has more than tripled over the past 40 years, according to a new study from QuoteWizard, an insurance policy search engine.

Between 1982 and 2001, Colorado recorded a dozen major natural disasters, but in the two decades that followed, it recorded 45, an increase of 275%. Only Kansas, despite its much smaller population and economy, had a bigger gain at 288%, going from 16 to 62 major disasters.

“Natural disasters of this magnitude used to happen infrequently in Colorado – about one every other year. Now, they are happening twice a year (on average),” said Nick VinZant, an analyst with QuoteWizard in an email.

A larger population spread across larger swaths of the state, not to mention more expensive cars, homes and infrastructure to replace when things go wrong only offer a partial explanation. The blame…

Read Full Story: https://www.greeleytribune.com/2022/04/19/colorado-disasters-home-insurance-hail-fire-drought/

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