homeowners insurance News

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 …

Conn. Lawmaker Seeks to Ban Homeowner Insurance Link to Dogs

A Connecticut state lawmaker is introducing legislation that would bar insurance companies from inquiring about or discriminating against a “bully breed” dog when issuing a homeowners’ insurance policy in Connecticut. Republican Rep. Brenda Kupchick of Fairfield said constituents have difficulty …

No State Mandate to Shovel Sidewalks in Ohio, but Local Laws May Require It

As far as Ohio state law goes, homeowners don’t have a legal obligation to shovel sidewalks due to a natural accumulation of snow and ice, but this doesn’t mean they shouldn’t at least try to maintain them, according to the …

Lava Sets House Ablaze in Hawaii Town

A stream of lava set a home on fire Monday in a rural Hawaii town that has seen the slow-moving flow approach for months. The molten rock hit the house just before noon, according to Hawaii County Civil Defense Director …

Southern California Agent That Sold Bogus Policies Sentenced

Dean Joseph Basler, 58, of Ventura, Calif. pleaded guilty to two felony counts of embezzlement associated with more than $250,000 in premiums that Basler received for homeowners insurance policies. According to the California Department of Insurance, Basler actions placed responsible …

100 Homes Destroyed by Northern California Wildfire

A wind-driven fire cut through a small California town near the Oregon border on Monday damaging or destroying 100 homes and prompting evacuation orders for at least 1,500 people, authorities said. The town near the base of Mount Shasta in …