homeowners insurance News

CoreLogic: $13.3B in Reconstruction at Risk in Northern California Dam Failure

Roughly 50,047 single- and multi-family residential homes could be damaged with an estimated reconstruction cost value of $13.3 billion if the Oroville Dam in California were to fail completely, according to new data analysis from CoreLogic that included the six …

Suspected Shooter in Oklahoma Accused of Stealing Insurance Money

Federal investigators say an Oklahoma man who fatally shot himself this week after being suspected of killing two people was facing felony charges connected to an insurance scheme. An FBI affidavit alleges that 55-year-old Timothy Michael Deffner of Norman stole …

Research Shows California Homeowners Lack Understanding of Retrofitting

A new study on California homowners shows a general awareness of earthquakes and other natural hazards, but that those owners did not necessarily take action to mitigate risks, and many didn’t know whether their home had been retrofitted. Results of …

Homes in California’s Hollywood Hills Hit by Mud, Debris Flow

The backyard of a Hollywood Hills, Calif. home has crumbled, sending mud and debris down a hill, across a street and into the front yards of two other houses. Los Angeles Fire Department spokesman Erick Scott says the slide took …

California Insurance Commissioner Prevails in Insurance Industry’s Legal Challenge

In a 7-0 decision, the California Supreme Court has affirmed the authority of Insurance Commissioner Dave Jones in a legal challenge brought by the insurance industry, the California Department of Insurance announced. Rejecting the insurance industry’s arguments, the Supreme Court …

California Officials Assess Heavy Storm Damage in Northern Part of the State

It’s too soon to peg a damage estimate from days of rainy weather that turned streets into rivers and living rooms into swimming pools throughout Northern California, state and county officials said. In San Benito County south of San Francisco, …

Northridge Quake Anniversary Prompts Reminders For California Residents

The California Earthquake Authority put out a notice reminding residents in the state that Tuesday marks the 23rd anniversary of the 1994 Northridge earthquake. The magnitude-6.7 shake that widespread damage to freeways, office buildings and homes. The cost to rebuild …

Court Order Can’t Stop Stray Golf Balls from Hitting Pennsylvania Home

A couple who live next to a Pennsylvania golf course says errant balls are still hitting their property despite a previous court order. The (Allentown) Morning Call says Jerzy and Halina Wisniewski returned to Northampton County court Wednesday with 50-some …

Vertus Insurance Launches Supplemental Catastrophe Insurance in Florida

Florida-Based managing general underwriter Vertus Insurance Partners has launched a supplemental insurance policy targeting homeowners in hurricane prone states. Available now in Florida, CAT4Home will provide complete hurricane deductible reimbursement and additional coverage for select exposures typically limited or excluded …

Pennsylvania Insurance Commissioner Advises Preparation for Winter Weather

Pennsylvania Insurance Commissioner Teresa Miller has advised consumers to plan ahead and review their homeowners and auto insurance policies as winter weather conditions like snow, sleet and ice become more frequent. “Winter is coming, and it is important that you …