homeowners insurance News

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 …

Report: More Than 6.6M Atlantic and Gulf Coast Homes at Risk of Storm Surge

More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge with a total reconstruction cost value estimated to be nearly $1.5 trillion, according to a report released today. Property analytics and data …

Insurance Company Wants Out of Defamation Suit in Delaware

An insurance company is asking a federal judge in Delaware to declare that it’s not obligated to defend the ex-wife of serial political candidate Richard Korn against his defamation lawsuit. Liberty Mutual argues in a complaint filed Monday that a …

Widow Gets 4 Years for Burning Million-Dollar Conn. Home for Insurance Money

A widowed mother of two from Florida has been sentenced to four years in prison for burning down her former million-dollar home in Connecticut for the insurance money. The Connecticut Post reports that 39-year-old Amanda Azevedo pleaded with a state …

Insurer Files Suit against Follower of Imprisoned Arkansas Evangelist

An insurance company is asking a Pulaski County, Ark., judge to declare it has no responsibility to pay court judgments against the homeowners policy of a follower of imprisoned evangelist Tony Alamo. The judgments are based on allegations that 71-year-old …

N.J. Consumers to Receive 1-Page Summary of Their Homeowners Coverage

The New Jersey Department of Banking and Insurance announced that starting in June, New Jersey consumers buying or renewing homeowners, condominium, renters, mobile home, or dwelling fire insurance policies will receive a one-page summary of their policy that clearly explains …

Penn.: Fracking Exclusion Not Allowed in Homeowners Earthquake Endorsements

The Pennsylvania Insurance Department issued a notice telling insurance companies that earthquake endorsements to homeowners insurance policies in Pennsylvania cannot exclude coverage for earthquakes that may be caused by “human activity” such as fracking. According to the Pennsylvania Insurance Department’s …

Roger Clemens’ Insurer AIG to Pay for Settlement Reached in Defamation Suit

A long-running defamation lawsuit against former Boston Red Sox and New York Yankees pitcher Roger Clemens by his ex-trainer has been settled for an undisclosed amount of money to be paid by his insurer, attorneys said Wednesday after meeting with …