homeowners insurance News

Penn. Advises Homeowners to Reduce Property Hazards, Avoid Coverage Loss

Pennsylvania Insurance Commissioner Teresa Miller is advising consumers that the Pennsylvania Insurance Department is available to help homeowners adhere to reasonable requests by insurers to make their properties safer and avoid possible cancellation or non-renewal of their homeowners’ coverage. Miller …

$198M in Property at High Risk from Chelan Wildfire in Washington

The massive Chelan wildfire in Washington poses a significant risk to roughly 634 homes with a total reconstruction cost of more than $198 million, an analysis of the ongoing fire issued Wednesday shows. The analysis by property information and data …

Fire Burning Near California Ski Resort Threatens Homes

Hundreds of mountain homes remained threatened on Monday as crews increased containment of a wildfire burning through timber near a popular Southern California ski resort. Water cannons usually used for making snow were pointed at the fire burning near Snow …

At Least 36 Homes Destroyed by Oregon Wildfire

The Grant County Sheriff’s Office says at least 36 homes have been destroyed by an Eastern Oregon wildfire, 10 more than previously reported. Gov. Kate Brown met Wednesday with victims of the fire near John Day and visited the command …

Munich Re Launches Inland Flood Insurance Product for U.S. Homeowners

Munich Reinsurance America, Inc. has launched a new personal lines inland flood insurance product designed to provide more options for homeowners in low-to-moderate-hazard flood zones. According to the National Flood Insurance Program (NFIP), flood is the most common natural disaster …

Montana Man Who Killed Student Settles Suit, Includes Insurance Money

A man who is serving a 70-year prison sentence for killing a German exchange student in his garage has settled a lawsuit filed by the victim’s family, in part by surrendering all his guns to the boy’s parents. Markus Kaarma …

A.M. Best Assigns Ratings to Tower Hill Prime Insurance Co.

A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Tower Hill Prime Insurance Company (Tower Hill Prime) in Gainesville, Fla. The outlook assigned to both ratings is stable. The ratings …

Universal Property & Casualty Approved as Licensed Insurance Entity in Va.

Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced on July 21 that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the Virginia State Corporation Commission approving UPCIC as a licensed insurance …

Golf Carts Being Allowed on Streets in More Small Towns in Illinois

It’s not unusual to see residents zipping around on golf carts in many small Illinois communities, as local officials increasingly adopt ordinances to accommodate the popular vehicles. Golf carts are getting the green light as an alternative to cars and …

Agents in Indiana Say Insurance Increased Prior to Home Explosion

The girlfriend of a man accused of blowing up an Indianapolis, Ind. house, devastating a subdivision and killing two neighbors, nearly doubled the insurance coverage for the contents of her home 11 months before the explosion, two insurance agents testified …