Insurance Journal » homeowners insurance http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Sun, 20 Apr 2014 23:47:25 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 Security First to Offer Ironshore’s Primary Flood for High-Value Properties in Florida http://www.insurancejournal.com/news/southeast/2014/04/09/325892.htm Wed, 09 Apr 2014 16:32:15 +0000 http://www.insurancejournal.com/?p=325892 Security First Managers, LLC, a Florida-based managing general agent for high value homeowners programs, is expanding the flood coverage it offers utilizing Ironshore insurance capacity. Security First Managers can now offer primary flood insurance of $500,000 to its customers, in …

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Maine Insurance Bureau Announces New Online Auto, Homeowners Resources http://www.insurancejournal.com/news/east/2014/04/08/325740.htm Tue, 08 Apr 2014 12:21:10 +0000 http://www.insurancejournal.com/?p=325740 Maine Governor Paul R. LePage and Insurance Superintendent Eric Cioppa recently announced that the Bureau of Insurance now offers new online resources for consumers who want to compare auto and homeowners insurance policies. Regulators said downloadable copies of policy forms …

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Mercury Ins. Lowers Homeowners Rates in Penn., Seeks to Grow Market Share http://www.insurancejournal.com/news/east/2014/04/03/325239.htm Thu, 03 Apr 2014 17:35:51 +0000 http://www.insurancejournal.com/?p=325239 Mercury Insurance said the company is lowering its homeowners insurance rates for Pennsylvania residents by an average of 10 percent. The Los Angeles-based insurer said the rate reduction would help attract more customers. “Mercury is a major writer of homeowners …

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New Mississippi Law to Set Uniform Rules for Hurricane Deductibles http://www.insurancejournal.com/news/southeast/2014/03/24/324171.htm Mon, 24 Mar 2014 14:40:40 +0000 http://www.insurancejournal.com/?p=324171 Mississippians will see uniform rules about when hurricane deductibles apply to their homeowners insurance under a law Gov. Phil Bryant signed last week. House Bill 756, sponsored by Biloxi Republican Scott DeLano, requires Insurance Commissioner Mike Chaney to rule that …

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Hartford Steam Boiler Announces Help Desk Service for Homeowners http://www.insurancejournal.com/news/national/2014/03/20/323824.htm Thu, 20 Mar 2014 16:47:19 +0000 http://www.insurancejournal.com/?p=323824 The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is now offering technical support services for homeowners through a partnership with Sutherland Global Services (Sutherland), a provider of business process outsourcing. The services are available as part of MyHomeWorks, a …

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Prices for Ohio Auto, Home Insurance Below U.S. Average http://www.insurancejournal.com/news/midwest/2014/03/17/323538.htm Mon, 17 Mar 2014 19:59:49 +0000 http://www.insurancejournal.com/?p=323538 An Ohio insurance industry trade association says homeowner and auto insurance costs for most Ohioans remain below the U.S. average. The Ohio Insurance Institute released a report saying Ohio has the sixth lowest average homeowners premium and the 10th lowest …

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California High Court Assigns Liability In Liquor Cases http://www.insurancejournal.com/news/west/2014/02/26/321553.htm Wed, 26 Feb 2014 16:24:36 +0000 http://www.insurancejournal.com/?p=321553 California’s high court has ruled that hosts who charge admission to parties may be held legally responsible if a drunken underage guest is hurt or injures someone else. The state Supreme Court said in the unanimous ruling Monday that a …

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Accumulated Snow Blamed for Dozens of Roof Collapses in N.J. http://www.insurancejournal.com/news/east/2014/02/19/320870.htm Wed, 19 Feb 2014 16:48:45 +0000 http://www.insurancejournal.com/?p=320870 Authorities across New Jersey are advising the owners of homes and commercial buildings to remove snow from their roofs. The advisories come after dozens of roof collapses were reported across the state in recent days. The collapses are mostly due …

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Home Insurer Universal P&C to Enter Indiana, Minnesota, Delaware http://www.insurancejournal.com/news/midwest/2014/02/06/319754.htm Thu, 06 Feb 2014 17:40:56 +0000 http://www.insurancejournal.com/?p=319754 Universal Property & Casualty Insurance Co. (UPCIC), headquartered in Florida, has applied to expand into Indiana, Minnesota and Delaware. UPCIC is one of the leading writers of homeowners insurance in Florida and a fully licensed operator in North Carolina, South …

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Insurer Group: Texas Auto, Homeowner Complaints at a Record Low http://www.insurancejournal.com/news/southcentral/2014/02/03/319227.htm Mon, 03 Feb 2014 17:20:17 +0000 http://www.insurancejournal.com/?p=319227 In 2013, Texas drivers and homeowners filed the fewest number of complaints against their insurance companies since the Texas Department of Insurance (TDI) began keeping records, the Insurance Council of Texas reports. According to TDI’s Consumer Protection division, there was approximately …

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Homeowners Choice Sells First Flood Policy in Florida http://www.insurancejournal.com/news/southeast/2014/01/24/318340.htm Fri, 24 Jan 2014 16:41:23 +0000 http://www.insurancejournal.com/?p=318340 Homeowners Choice Property & Casualty Insurance Co., Inc., a Florida based provider of admitted homeowners insurance and wholly-owned insurance subsidiary of HCI Group, Inc., is now selling flood insurance to existing customers in Florida. Many Florida residents have seen a …

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Worries Mount Over Winter Wildfire Season Not Soon to End http://www.insurancejournal.com/news/west/2014/01/23/318236.htm Thu, 23 Jan 2014 22:14:52 +0000 http://www.insurancejournal.com/?p=318236 A winter wildfire season offers some unique challenges for firefighters like Mike Lopez. Lopez is president of CDF Firefighters, which represents the employees of California Department of Forestry and Fire Protection, or Cal Fire as it’s best known. Lopez has …

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Louisiana Citizens to File Homeowners Insurance Rate Hike http://www.insurancejournal.com/news/southcentral/2014/01/21/317746.htm Tue, 21 Jan 2014 17:11:55 +0000 http://www.insurancejournal.com/?p=317746 East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed rate filing. Statewide, Citizens personal lines, …

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Fireman’s Fund Secures New Tree Service Vendor for Homeowner Insureds http://www.insurancejournal.com/news/national/2014/01/14/317081.htm Tue, 14 Jan 2014 17:14:26 +0000 http://www.insurancejournal.com/?p=317081 Fireman’s Fund has secured HMI as one of its Prestige Advisory Services vendors. HMI manages a national network of credentialed tree care companies representing more than 2,500 tree crews and 1,500 certified arborists. HMI provides a new inspection service that …

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Mainers Encouraged to Report Ice Storm Damage http://www.insurancejournal.com/news/east/2014/01/06/316160.htm Mon, 06 Jan 2014 17:00:51 +0000 http://www.insurancejournal.com/?p=316160 Maine residents are being encouraged to report ice storm damage to their homes and businesses so the state can assess what kind of assistance might be available. Maine Gov. Paul LePage says businesses that suffered a significant loss of revenue …

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Roanoke, Va., Family Stays Afloat After Summer Floods http://www.insurancejournal.com/news/east/2014/01/06/316147.htm Mon, 06 Jan 2014 16:06:56 +0000 http://www.insurancejournal.com/?p=316147 Joel Kirby loaded his young stepson Seth into his truck in the rain and headed over to the mall. “Despicable Me 2” was playing, and a movie on a damp summer night seemed like a good idea while his wife, …

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Allstate, State Farm, Farmers Plan to Raise Home Insurance Rates in Texas http://www.insurancejournal.com/news/southcentral/2014/01/05/316101.htm Mon, 06 Jan 2014 01:40:38 +0000 http://www.insurancejournal.com/?p=316101 Texas’ three largest home insurers are kicking off 2014 with steep increases in policyholder premiums, according to a report published on Jan. 4. The Dallas Morning News reports that Allstate, Farmers and State Farm plan to raise rates for most …

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Northeast Digs Out From Major Winter Storm http://www.insurancejournal.com/news/east/2014/01/03/316058.htm Fri, 03 Jan 2014 20:54:07 +0000 http://www.insurancejournal.com/?p=316058 The massive winter storm that impacted the Midwest and Northeast over the past couple of days is moving into the Atlantic on Friday, while very cold temperatures and dangerous wind chills are moving in behind the system, the National Weather …

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With Snow Comes Snowplow Damage, Some in Pennsylvania Find http://www.insurancejournal.com/news/east/2014/01/03/316032.htm Fri, 03 Jan 2014 16:50:02 +0000 http://www.insurancejournal.com/?p=316032 Winter can be tough, especially on private property, and no one knows that better than Stroud Township, Pennsylvania, resident Pamela Wnuk. She says her property sustained damage after a municipal snowplow driver tore apart the entire length of road at …

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Flood Maps Still Wrong, Oregon Homeowners Still Paying http://www.insurancejournal.com/news/west/2014/01/02/315944.htm Thu, 02 Jan 2014 17:04:09 +0000 http://www.insurancejournal.com/?p=315944 Months after Carol Justice was wrongly told her home needs flood insurance, the Cornelius resident is still paying up – even though a surveyor has since determined her house is not in the flood zone. Justice is one of hundreds …

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State Farm: No Unusual Claims Activity in Northeast From Weekend Snowstorm http://www.insurancejournal.com/news/east/2013/12/17/314739.htm Tue, 17 Dec 2013 21:21:54 +0000 http://www.insurancejournal.com/?p=314739 State Farm Mutual Automobile Insurance Co. says last weekend’s snowstorm that dropped as much as 17 inches of snow in parts of the Northeast didn’t have much of an impact in terms of claims activities in the area. “We did …

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Plymouth Rock, Bunker Hill Offer Combined Home, Auto Coverage to Massachusetts AARP Members http://www.insurancejournal.com/news/east/2013/12/13/314422.htm Fri, 13 Dec 2013 17:16:34 +0000 http://www.insurancejournal.com/?p=314422 The senior citizen organization American Association of Retired Persons (AARP) has chosen Boston-based Plymouth Rock Assurance and its affiliated Bunker Hill Insurance to issue auto and home insurance products for AARP members in Massachusetts, starting this month. The new AARP …

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Count of Storm-Damaged Homes in Illinois Expected to Grow http://www.insurancejournal.com/news/midwest/2013/11/22/312085.htm Fri, 22 Nov 2013 17:29:17 +0000 http://www.insurancejournal.com/?p=312085 State officials now say that at least 900 homes in Illinois were either destroyed or badly damaged by the tornado outbreak on Nov. 17. And that figure is likely to grow. Patti Thompson is a spokeswoman for the Illinois Emergency …

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Access Home Insurance to Take Nearly 10K Policies from Louisiana Citizens http://www.insurancejournal.com/news/southcentral/2013/11/19/311742.htm Wed, 20 Nov 2013 00:07:07 +0000 http://www.insurancejournal.com/?p=311742 Access Home Insurance Co. (Access Home) announced it has received authorization to assume nearly 10,000 policies and more than $19 million in premium from Louisiana Citizens Property Insurance Corp., the state’s property insurer of last resort. The policies which will …

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Oklahoma Lawmaker to Re-File Earthquake Insurance Bill http://www.insurancejournal.com/news/southcentral/2013/11/08/310628.htm Fri, 08 Nov 2013 06:00:00 +0000 http://www.insurancejournal.com/?p=310628 Following a rash of earthquakes, a state lawmaker says he plans to file a bill to require insurance companies to notify Oklahomans whether their policies cover property damage caused by earthquakes. Rep. Mike Shelton of Oklahoma City filed a bill …

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U.S. Regulator Unveils New Insurance Fee Guidelines http://www.insurancejournal.com/news/national/2013/11/05/310332.htm Tue, 05 Nov 2013 16:30:11 +0000 http://www.insurancejournal.com/?p=310332 A U.S. housing regulator said on Tuesday that it would ban some fees and commissions that borrowers are compelled to pay when their own home insurance coverage lapses. The Federal Housing Finance Agency said it was aiming to shield homeowners …

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Top 30 Homeowners Insurers Q2 2013: SNL Financial http://www.insurancejournal.com/news/national/2013/10/24/309112.htm Thu, 24 Oct 2013 12:46:08 +0000 http://www.insurancejournal.com/?p=309112 The article Top 30 Homeowners Insurers Q2 2013: SNL Financial appeared first on Insurance Journal.

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Aon Benfield: U.S. Homeowners Insurance Offers Growth Opportunities http://www.insurancejournal.com/news/national/2013/10/21/308780.htm Mon, 21 Oct 2013 20:29:05 +0000 http://www.insurancejournal.com/?p=308780 A new report from Aon Benfield, a reinsurance intermediary and capital advisor of Aon plc, says U.S. homeowners insurance is showing significant growth opportunities. The report, titled “Homeowners ROE Outlook: 2013 Update,” reviews the industry aggregate state level statutory financial …

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Report: $189B in Western U.S. Properties High Wildfire Potential http://www.insurancejournal.com/news/west/2013/10/10/307693.htm Thu, 10 Oct 2013 12:00:00 +0000 http://www.insurancejournal.com/?p=307693 Despite a little touch of some wetter and cooler weather, the 2013 wildfire season isn’t over, and the Western states in particular should be prepared for a few more potentially active months. That’s according to the 2013 CoreLogic Wildfire Hazard …

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Home Insurer Narragansett Bay Expands Its Coastal Capacity in Mass., R.I. http://www.insurancejournal.com/news/east/2013/10/07/307448.htm Mon, 07 Oct 2013 19:17:10 +0000 http://www.insurancejournal.com/?p=307448 Pawtucket, R.I.-based home insurer Narragansett Bay Insurance Company (NBIC) said it is increasing its capacity for coastal homeowners insurance through select agency partners. The company said it is expanding its coastal capacity for Cape Cod, Plymouth County, the North Shore, …

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