homeowners insurance News

California Rural Communities Evacuated in Wake of Heat-driven Wildfire

More evacuations were ordered Tuesday as a growing wildfire threatened remote communities in California’s Santa Cruz Mountains. The blaze in a rugged area 30 miles south of San Jose destroyed one home and charred more than 1.5 square miles of dry …

Arizona Court Considers Allowing Homeowners Lawsuit over Yarnell Fire

Attorneys for Yarnell residents who lost their homes in the deadly 2013 Arizona wildfire are asking the Court of Appeals to allow their clients to sue the state. KJZZ-FM reported that previously homeowners sued the state Forestry Division, but a …

Home Insurers, Agents Face Satisfaction Gap with Affluent Gen Y Customers

Overall, home insurers are performing better in customer satisfaction as they compete more on improving the customer experience than on price. However, there is one up-and-coming affluent consumer group — the Gen Y generation or those ages 22 to 39— …

Peer-to-Peer Personal Lines Insurer Lemonade Opens for Business in New York

Peer-to-peer insurance startup Lemonade is open for business in New York, nine months after the startup’s debut and initial venture funding announcement. The New York-based company, which its founders promise will reinvent the insurance business model and make insurance a …

American Integrity Insurance Launches Umbrella Coverage for Florida Homeowners

Tampa-based American Integrity Insurance Co., a Florida property insurance company, has launched a new umbrella policy for Florida consumers and property insurance policyholders. The new coverage offers up to $5 million in protection. Umbrella coverage is designed to help protect …

Americans Put Too Much Faith in Homeowners Insurance

Too few Americans take steps to prepare for disasters and too many assume their home insurance policies will bail them out if one strikes. As disaster season peaks, a new national consumer survey commissioned by Trusted Choice and the Independent …

Palomar Specialty Launches New Earthquake Product in Missouri

Palomar Specialty Insurance Co. has launched a new residential earthquake insurance product called Flex Choice for residents of Missouri. Flex Choice allows consumers to customize their residential earthquake coverage to meet their specific needs through a variety of coverage alternatives …

See More Heat, Fire Danger in Store for Southern California

More high heat and elevated fire danger is in store for much of Southern California, especially interior areas. The National Weather Service says the scenario is due to an upper-level high-pressure system combined with weakening onshore flow near the surface. …

Wildfire Destroys More than 100 Homes in Northern California

A wildfire stuck a Northern California town still recovering from a massive fire nearly a year ago, destroying more than 100 homes and forcing thousands to flee, authorities said Monday. Gusts kicked up flames on Sunday and the fire tore …

California Administrative Law Judge Orders State Farm to Refund $85M

An administrative law judge at the California Department of Insurance found that State Farm overcharged customers $85 million and ordered the carrier to issue refunds and reduce rates. The judge determined that since July 15, 2015, State Farm’s premiums for …