homeowners insurance News

Pennsylvania Insurance Commissioner Offers Advice for Winter Storm Damage

Pennsylvania Insurance Commissioner Teresa Miller is offering tips to consumers whose home or automobile may have sustained damage from this week’s winter storm, according to a press release issued by the Pennsylvania Department of Insurance. “Most standard homeowners’ insurance policies …

Homeowners Insurance Increase Denied by Delaware Insurance Commissioner

A request by Windsor-Mount Joy Mutual Insurance Company (WNMJ) to increase insurance rates on more than 2,000 manufactured housing policyholders in Delaware by 20%-30% has been denied by Delaware Insurance Commissioner Trinidad Navarro, according to a press release issued by …

Rutgers Law School Project Addresses ‘Use It And Lose It’ in Homeowners Insurance

A new report by the Rutgers Center for Risk and Responsibility at Rutgers Law School in Camden, N.J., in cooperation with United Policyholders, offers recommendations to state lawmakers in terms of how homeowners insurance claims are addressed by insurance companies …

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 …