homeowners insurance News

The California Earthquake Authority 20 Years Later

Twenty years ago today insurers began selling California Earthquake Authority policies – two years off of a hard lesson learned by the state’s residents and its insurance market. But 20 years later are we any better off? Glenn Pomeroy, the …

Q&A: Deloitte Insurance Expert Discusses Hurricane Season and Flood Insurance

Although Atlantic hurricane season ends in November, cleanup from any damage seen on the East Coast could last beyond the end of the season. Some coastal areas, such as Virginia Beach, were impacted this season, particularly by flooding. Flooding is …

Palomar Specialty, Cabrillo Coastal Launch Homeowners Program in Mississippi

Palomar Specialty Insurance Company has partnered with Cabrillo Coastal General Insurance Agency, LLC to offer coastal homeowners insurance in Mississippi. Palomar Specialty is currently offering homeowners coverage through Cabrillo-appointed agents. Mississippi represents the second state in which Palomar Specialty offers …

Rutgers Law School in New Jersey Launches Project to Improve Homeowners’ Insurance

Rutgers Law School’s Camden, N.J., location, in collaboration with United Policyholders, is seeking to improve homeowners’ insurance nationally through its recently launched project. The Rutgers Center for Risk and Responsibility at Rutgers Law School in Camden and United Policyholders have launched a …

ISO Files Homesharing Coverage Options For Homeowners’ Policies

ISO has introduced new homesharing insurance options to address exposures that policyholders may face when renting out all or parts of their homes. The new homeowners coverage options and accompanying rating provisions have been filed on a multistate basis to …

Insurers for Oregon Homeowners to Pay in Settlement of Tree Cutting Case

Two Gresham, Ore. couples have agreed to pay $135,000 to settle a lawsuit accusing them of cutting down or damaging dozens of protected trees to improve the views from their homes. The Oregonian/OregonLive reported court documents released this week show …

California Commissioner Orders State Farm to Reduce Homeowner Rates

California Insurance Commissioner Dave Jones on Tuesday issued a decision requiring State Farm Insurance Co. to reduce its dwelling insurance rates by an average of 7.0 percent, resulting is $78.6 million in annual savings for California policyholders. State Farm requested …

AG Defends California Insurance Commissioner’s Regulatory Move

The California Supreme Court heard oral arguments this week, during which the Attorney General’s office in suit filed by the insurance industry defended a regulatory move by Insurance Dave Jones. The regulation was developed under Commissioner Steve Poizner and issued …

Pennsylvania Insurance Commissioner Warns Flood Victims About Repair Scams

Pennsylvania Insurance Commissioner Teresa Miller is urging homeowners whose properties suffered damage in the recent flooding that hit several North Central Pennsylvania counties to be cautious of scams when seeking repairs. She has also offered advice for homeowners to properly file claims with their …

Minor Flooding Follows Downpour in Nevada Wildfire Area

Fears of flooding are dissipating after rainfall helped quell a wind-whipped wildfire in Northern Nevada that destroyed 22 homes and 17 other structures in the Washoe Valley north of Carson City. Sierra Front Fire Management spokesman Mark Struble said that …