homeowners insurance News

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 …

Texas Court Approves $84.4M Settlement in Farmers Case

A Travis County, Texas district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners insurance rate case. The case stems from a 2002 lawsuit by …

Ohio Court Rules Parents of Firefighter Can Continue With Suit

An Ohio court says the parents of a firefighter killed seven years ago can sue the maker of an emergency radio and the homeowners growing marijuana in the basement where a fire started. Colerain Township Fire Department Captain Robin Broxterman …

Alaska Wildfires Grow, Prompt Evacuations

Intensifying wildfires in Alaska have led to evacuations in several parts of the state, including a tiny village where residents fled on boats. A firefighter on one blaze also was treated for a bear bite after encountering the animal while …

Oregon Suit Seeks Homeowners Insurance for Disabled Owners of Pit Bulls

People with disabilities shouldn’t be turned down for homeowners insurance just because they have pit bulls for service dogs, a federal court lawsuit filed in Oregon says. Undercover testers who told an insurance company they had disabilities and used pit …

Report: 4.5 Million Homes in 13 States at Extreme Wildfire Risk

A report issued today shows 4.5 million U.S. homes at high or extreme risk of wildfire as the multi-year drought continues. The report’s author said the worsening drought means 2015 has the potential to be one of the most devastating …