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The home reinsurance idea, which is unique to Colorado, aims to reduce private insurers’ financial risk and therefore drive down premiums.

House Bill 1182 would also require insurers to give customers an opportunity to appeal assessments of a property’s wildfire risk, which can lead to increased costs and nonrenewals

From 2022 to 2023, Colorado is seeing the second-highest increases in monthly private health insurance costs – nearly 20% – compared to the national average of less than 4%, according to an analysis by the finance website ValuePenguin. Wyoming and New Mexico also ranked in the top 5 with increases around 15%.

Coloradans buying their own health insurance might see higher premiums than last year -- but officials say those who shop around could save big in…