Notice of Adoption of Emergency Regulation 22-E-01
Posted by Shareholder Tom Henderson, Chair of Burg Simpson’s Bad Faith Insurance Division
From the Colorado Department of Regulatory Agencies- Division of Insurance
Notice of Adoption of Emergency Regulation 22-E-01 Concerning Tolling Certain Time Limits of Policyholder Benefits in the Event of a Catastrophic Disaster
The purpose of this emergency regulation is to protect homeowner policyholders who have suffered a loss during a catastrophic disaster, such as the 2020 Colorado East Troublesome Fire and the 2021 Marshall and Middle Fork Fires, from insurers that cause unreasonable delays in claim handling, which may further delay rebuilding property. Such delays may be further exacerbated by labor and material shortages. Further, this regulation identifies specific acts or practices that may constitute unfair claim settlement practices.
This emergency regulation was adopted on January 7, 2022.
This emergency regulation, and other Division emergency regulations, can be found on the Division’s Emergency Regulations page.
Additional information on insurance and the Marshall Fire Response can be found on the Division website by clicking here.
Tom Henderson and the Burg Simpson team have over four decades of experience analyzing and litigating these types of insurance policies. Mr. Henderson is the Chair of the Bad-Faith Insurance division of the firm’s Commercial Litigation. He spent the first twenty years of his practice representing the insurance companies, answering their questions about whether or not their policies provided coverage for certain losses. He has spent the past 12+ years of his practice exclusively representing insurance policyholders pursuing claims for insurance benefits owed by the insurance industry. Mr. Henderson and the attorneys at Burg Simpson use Mr. Henderson’s unusual background to their clients’ advantage because they know where the insurance industry weak spots are, where the smoking guns are hidden and how best to structure their clients’ cases to maximize the potential of getting the insurance companies to pay the benefits owed.
If the insurance companies refuse to pay the benefits owed by their policies, then suing them for bad faith is an option to consider. Mr. Henderson and the attorneys at Burg Simpson have successfully sued insurance companies for bad faith collecting millions of dollars for their clients when their own insurance companies improperly denied, underpaid, or slow paid claims.
Mr. Henderson has been consistently selected by his peers for inclusion in The Best Lawyers in America© in the field of Insurance Law. He has also been recognized as a People’s Choice Best Insurance Lawyer and has been selected to Super Lawyers® every year since 2014. In 2019 and 2020, he was selected as a Colorado Top Lawyer in insurance by 5280 Magazine.
Tom Henderson and the commercial litigation lawyers at Burg Simpson are available for a free consultation. Call us to discuss how we can help you. Call Burg Simpson for Help Now: 888 895 2080