homeowners insurance News

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 …

Insurance Department: Missouri FAIR Plan Now Offers Sinkhole Coverage

Missourians can now purchase sinkhole coverage through the FAIR Plan, the Missouri Department of Insurance reported. The plan started issuing the standalone Sinkhole Loss policy earlier this year to supplement an applicant’s primary coverage. Sinkholes are depressions or holes in …

Maryland Man Gets 4 Years in Prison for Setting House on Fire for Insurance

A Maryland man who pleaded guilty to plotting to burn down his house to collect insurance proceeds has been sentenced to four years in prison. Forty-nine-year-old Saleh Fakhoury of Lutherville, Maryland, was also ordered to pay more than $800,000 in …

Though Rising, Ohio Home and Auto Insurance Rates Still Low

Combined, average homeowners and auto insurance premiums in Ohio are nearly $500 less than national averages, according to the state’s insurance department. Personal lines premiums in the state are among the lowest in the country, Lieutenant Governor and Department of …

Nebraska to Consider Residential Carbon Monoxide Detector Mandate

An increase in carbon monoxide poisoning calls last year could prompt Nebraska lawmakers to require alarms in homes and apartments. A bill set for a legislative hearing on Jan.29 would add Nebraska to a growing list of states that require …