homeowners insurnace News

Hanover Insurance Group Advises Dog Owners to Take Protective Measures

With dog bite claims accounting for over one-third of all homeowners insurance liability claim dollars in 2011, The Hanover Insurance Group is reminding dog owners to take preventative measures to protect themselves from the potentially serious financial consequences of aggressive …

Vt. Court Denies Claim of Slain Girl’s Father, Says Insurer Not Liable

The Vermont Supreme Court has rejected the appeal of a slain 12-year-old girl’s father who claimed the ex-wife of the man charged in her murder was negligent in his daughter’s death and that her insurance company should pay damages. Last …

Customer Satisfaction with Home Insurers Improves, Says J.D. Powers

Customer satisfaction with homeowners insurance companies this year is up from 2010, but still remains below levels achieved in 2009. Overall satisfaction with homeowners insurance companies averages 769 in 2011—improving by 19 points from 2010, according to the J.D. Power …

Rural Floridians Face Insurance Woes After Change in Fire Risk Rating

Florida residents in rural areas may be having fire insurance difficulties now that insurers have begun using revised community fire ratings that rate some rural counties a high risk for fire loss. The industry’s Insurance Service Office has assigned new …

Florida Considers Phasing-In Big Sinkhole Insurance Rate Hikes

Florida Chief Financial Officer Jeff Atwater has urged state insurance regulators  to consider an affordable “glide path” for homeowners seeking to buy sinkhole insurance from Citizens Property Insurance Corp. Atwater questioned Insurance Commissioner Kevin McCarty about the possibility of phasing …

Florida Consumer Chief Backs Double-Digit Hikes for Allstate

Florida’s consumer advocate says Allstate’s two Florida home insurers are among the state’s best run and deserve double-digit rate increases along the lines they have requested. The Allstate units, Castle Key Insurance Co. and Castle Key Indemnity Co., which insure …

Allstate Seeks Double-Digit Home Insurance Hikes in Florida

Two subsidiaries of Allstate Insurance Company Florida are seeking homeowners rate increases worth more than $90 million. Castle Key Indemnity Co. is seeking a 36 percent statewide average rate increase and Castle Key Insurance Co. is seeking a 31 percent …

Home Insurer Dropping 73,000 Policies in Alabama

Alabama’s second largest insurer of homes, Alfa Insurance, announced plans Friday to not renew policies on one out of every six homes it insures in Alabama. The company said it will send notices involving about 73,000 homes when they come …

Top 10 States for Dog Bite Claims

State Farm Insurance Co. has released its top 10 states for claims involving dog bites, with California on top in number of claims and Florida recording the highest cost per claim. The Bloomington-based State Farm reported that California led the …

As Insurance Rates Rise, Missisippians Urged to Take Mitigation Seriously

Mississippi Gulf Coast residents have been told mitigation is the answer to the region’s high insurance rates. “What do you do to lower rates? It is pretty simple. If you want to lower rates on the Gulf Coast, you build …