homeowners insurance News

California Supreme Court Affirms Homeowner Reimbursement Protections

The California Supreme Court this week ended a long legal battle between a Richmond homeowner and her homeowners insurance company by declining to consider the insurance industry’s petition to overturn a lower court’s decision that insurers must pay to repair …

Velocity Risk Underwriters to Offer Coastal HO-3 Product in Texas

Velocity Risk Underwriters is expanding its Texas insurance product offerings to include HO-3 for primary and secondary coastal homeowners. Velocity offers its A.M. Best “A” rated coastal homeowners programs in Texas through Texas-based City National Insurance Co. Velocity insures coastal …

Swiss Re: Miami Is More Vulnerable to Hurricanes Like Andrew

Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city’s vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance underwriters’ analysis. At the time, Hurricane Andrew was the most …

Progressive Unveils Online Homeowners Insurance Comparison Shopper

Borrowing from its own auto insurance model, Progressive is announcing a tool called HomeQuote Explorer, an online platform that allows homeowners to quickly compare home insurance quotes from multiple carriers. The insurer says it takes 15 minutes or less to …

Fire Destroys 3 Mobile Homes in Oregon, 2 Were Uninsured

A fire southeast of Eugene, Ore., destroyed three mobile homes and sent a man to a Portland hospital. Residents of the mobile home park tell The Register-Guard that two dogs and four cats died. The fire happened Monday at the …

California Wildfire Threatens 1,500 Homes

A California blaze in the rugged mountains outside of Yosemite National Park has destroyed eight structures and forced thousands of nearby residents to flee their homes. As of Tuesday evening, the fire had scorched 39 square miles, according to the …

Texas’ RHP General Agency Acquiring Homeowner Business from Sycamore Insurance

Conifer Holdings, headquartered in Michigan, has agreed to sell the book of HomeValue business produced through Sycamore Insurance Agency to Texas-based RHP General Agency Inc. As part of this renewal rights transaction, the entire team at Sycamore Waco will become …

Connecticut Insurers: Homes Must Fall Down to be Eligible for Coverage

Connecticut residents whose home foundations are crumbling are facing a perplexing problem with their insurance policies: The damage won’t be covered unless their homes collapse. More than two dozen insurance companies being sued in federal court by 40 homeowners recently …

Idaho Woman Wants Compensation from Insurer for Leveled Home

An Idaho woman rented her home to a man she thought had plans to buy it. He instead demolished it. Shammie Fisher is fighting in court to get compensation for her ruined Boise home. Idaho Supreme Court sided with Fisher …

California Department of Insurance and FAIR Plan Square off in Public Statements

The California Department of Insurance and the California FAIR Plan Association squared off in conflicting press releases on Thursday over a court decision that awarded a homeowner higher repair costs following a claim. The California Court of Appeal, First District …