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  "documentTitle": "Homeowner availability study",
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      "kind": "callout",
      "text": "In developing a residual market plan, consideration should be given to the product offering, pricing, operational structure, and underwriting criteria to ensure that it complements (and does not compete with) the voluntary market.",
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      "text": "INDUSTRY COMMENTARY -> STABILITY PROGRAMS",
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      "text": "Based on survey responses from major carriers, the insurance industry response to recent Colorado wildfire activity is mixed: Some carriers report no efforts to withdraw from high-risk territories. Other carriers are reporting non-renewal initiatives that target a small percentage of Colorado homes with the most extreme levels of wildfire risk, particularly in instances where loss mitigation measures have not been taken. Wildfire risk is being considered in evaluating applications for new business, with carriers increasingly relying on external wildfire scoring models to evaluate eligibility. Other issues (not directly related to wildfires) are also putting upward pressure on homeowners' insurance premium levels. These factors include widespread inflation and a hardening reinsurance market.",
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      "text": "Residual Market Plans: Many jurisdictions within the U.S. have property residual market plans that provide a market for difficult-to-insure policies. Colorado (along with several neighboring states with increasing wildfire risk) does not currently have a residual market plan for property risk. Given recent concerns about insurance availability for high-risk homes, Colorado is exploring developing a residual market plan. Stakeholders have provided guidance regarding items that Colorado should consider if a residual market plan is developed. This guidance is targeted at: 1. Ensuring the Plan can provide an insurance market for high-risk properties; 2. Limiting disruption in the voluntary market; 3. Making sure there is not an undue financial burden on the insurance industry or taxpayers.",
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      "text": "ADDITIONAL FINDINGS: INDUSTRY COMMENTARY AND RESIDUAL MARKET PLANS",
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