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<br />THE DE"',,'ER PosT
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<br />Saturda ,Janua 171998
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<br />State
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<br />1t: :.J.,. _.foI" ....y.., ..., ,." ,-- '0,. " , ,f' ~
<br />faces -flood 'insurance' hiKei
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<br />By Miehelle Dally John.ton
<br />~-CoploI-
<br />Tllat lrmmo: illSlln~ compllll}' practiN' of
<br />It'Ild;nll'aooticeofapnomiumhik,,081M-h",l~
<br />ofanacddf.nlrruoyboehappo>nilllltoll>eataleof
<br />Colorado,too.
<br />A ll'roup of pMUIP property ImuN'rs that bas
<br />~ldoutmorelban$33milllonloclaill1$onthe
<br />F'ortCollinsnOOodlnJuly,wilbanlldditlonaISIG-
<br />millkm In the plpeliM. II bllkillJ at tbe idl-'a or
<br />pl'(lvidillJllw.&lmI!cov..rall'e.ttM nme rat..
<br />ne~y"at, ,. .
<br />. "Every )'..at .....1'1'[1('...." atale risk mana~et
<br />Bet~y ROOrigu... uld "No... thai we've h.d
<br />S\lCh I major claim, we anUcipale It may be
<br />difficult to get all t~ rompal'lif'5 to re[l('w.~
<br />Tbe iSSlte a~ Wl'dnwlllY in a ~ling of
<br />tlleleglslatu~'~ Joint Rud...t Coml'llitt....,whet:J
<br />lllwm.k..rllr~ \0 mlrnate bow muct! It would
<br />C<l!lttoltlSut1!th<>statell<'lt)'f'ar.
<br />"We just have 110 idH bow mud! it'll go IIp,~
<br />Rodrlll'U'!'l!uldlnal.terlntervif'w.
<br />Whkh mak..., It difficult to lei rinn budget
<br />fig\lr"", members of I1M' Joint Budget Commit-
<br />t..... rilmpl.ined. Esll"Ci.Jly when ll>e Dltmbl>rs
<br />.bo,>ing ofutliiisr<l are 50 large.
<br />-;'-'~'ortM-An98'irat.tbesl.te-paidn()taI1l1
<br />12-3 million in I'ffmiumstolwrdiffrrent pM-
<br />vale~rompanil:S fllr ~roJlf'flY in.<utanee_
<br />Thelnsura~is~tif'rf'd"50UI'1 thOIIf'SIlp-
<br />plying Ib@firsltlf'r'h.vetbe largMt M~k fir be-
<br />"UI,I!up!ll'dThe.tlskdecreD<.'!lIIUlC'titngo
<br />up,butlheamoulltofthelllllura~f'lp.nds.
<br />Colotado'lpoli<:y for the 199H8 yurwlIS$et
<br />up~.thllll..first$Smlllionorinsura_cov-
<br />..rag~ wa~ pun:hUf'd from tbe Americall "Mr.
<br />Mlional Group for $\.1 million. The rest ill bigh
<br />OOcau""tbalrovf'filie Is the fll'$t to be tap!ll'd.
<br />- Tbf'~tler,wh!cbprovidt>llup!lIU~mll,
<br />lIonbf adt!illon CtIveull'e.CO$l3 1315,000 and 15
<br />slI.rN bf'tw~n Fltl'man'. Fund and Rplia~
<br />lns\lra~compllni"',
<br />TbeOlird'titor-up \0 $150 milliOll indamaRe
<br />covetall'l-'_lsprovidfodby Fitl'man'aFund.ta
<br />roatofanollw.rSU7,500_
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<br />-'-J....... .... o.o..___,_f__
<br />FLOOD DAMAGE:-c"rindmobile hom'h were lou..d about like toy. II'lthr.!ulyllnh
<br />IIood al a mobile !'tome patlr. in the 1100 block 01 SOl,llh Colleve in Fort Collin..
<br />;, ..
<br />Tbf'fOllrth'lndHlIlIllaYf'rofcovf'rlIll'elspro:. ate Ibepot..nUlIl for a similar I....., in tbo> fu,
<br />vidf'dbytlwinlernlllionaliilslItt't,AlIianz, tUff." ' .
<br />which CtI...rs the lltale for up 10 U~ million for But John KoU'ro. publi<: I'l"laliom dir<<tur ,f
<br />129.250. Tbf'roatls low bf'Cause 11M! ri~1t Ihat 1b@f'ireinan"sFllnd...idthpstateshouldn'the
<br />ll>e fourth lier will tlE'lappf'd IS minimal. f'1pl'('tingilll."n'.....ha.wdonollel'vent. 4
<br />Coloudo bu bE-f'n paying- pr..miums fllr "Anornalil't are buill inlo Insuunre utes. Ws
<br />ytars. But \hiI July, ratastrophf' hit "'art Olllu'I! a mi!lC"Ol"lCf'plion tbl jllSl beCalR you ha~ 0Ilf'
<br />whf'n841IIK'Mosofrainfl'l1int\<tboun,killing f'Yentlhatralf'lwilllloup,"Kozeroutd.
<br />five IM'<'ple, dt':Stroying a trailcr park and caUl, SIIll, it WlIs III f'lpE'nsivl' loom.ly, and tMt~
<br />inll' rna\<liivl' "'Iter darnaJl:f' if! hundtl'<h of al'(>a . what has risk TMnagf't Hodriguo'l worr-\f'd.
<br />borlll'S and atColor.duSlaleUnivenity. I ""Tbe kUl amount p,ald 10 C<lhlfado stal..
<br />Now Htll'llsloneillSlll'(>rts-relhintlnK l,\io- Untvt'rslly to dale Is 1336 mllllOO,..nd Wf"rjo
<br />vestm..nt" ... ., ""l"'<'tJnganolbtr$lOmiUronlnrtaim~towme
<br />"I don't think we've mad<> a dPrlslOll," said in within ~ belt mooth O)r 1IO What will CO!J\l.'
<br />Lelill Trovato, profit ",nl..r manager for Ull' aftl'r lIIal wlll take yean to know. l~ Just)
<br />R..Ua_lnaurarK'f'Co."We'relookina:tol!\'1I1u, tol-alalab in \bf'dart; aile s.aid ~
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