The Insurance Research Council says catastrophes triggered only 26 percent of the claims made on homeowner policies from 1997 to 2006.
The council says in 2010, insurance companies paid out more than $1.30 in claims for every $1 premium collected.
According to the Denver Post, average annual premiums paid by Colorado homeowners are above the national average, rising to more than $890 in 2009, up from about $830 in 2007.
Industry officials estimate catastrophes caused $1.6 billion in damages in Colorado from 1990 to 1999.
In 2010 and 2011 alone they triggered $1.1 billion.
(Copyright 2012 by The Associated Press. All Rights Reserved.)