Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Florida Lawmakers Still Balk at Raising Homeowners’ Premiums for Cat Fund
Feb 21 2012 // State lawmakers have gambled with their constituents’ money for years when it comes to dealing with Florida’s property insurance issues. But now, many top industry analysts suggest, the odds may be turning...
Keeping up With the Greens: What to Know About Hobby Farm Insurance
Feb 20 2012 // What to Know About Hobby Farm Insurance The Green family owns a small farm. It’s not their primary source of income, but it is a lifestyle choice, and their hobby farm is just that – a hobby. The Green family...
Maryland Court Sides With Allstate in Coastal Homeowners Case
Feb 20 2012 // The Maryland Court of Appeals, the state’s highest court, recently ruled in favor of Allstate. The court upheld a previous lower court’s ruling that the insurer was within its rights to stop writing new...
P/C Industry Disputes Consumer Group’s Claims It’s Avoiding Risk
Feb 17 2012 // Traditionally risk-takers, property/casualty insurance companies have become more like risk-avoiders when it comes to weather-related claims, leaving consumers and taxpayers to pay much higher costs, according to a new...
5 Big Banks, States Agree on $25 Billion Home Mortgage Deal
Feb 9 2012 // Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing...
Allstate Readies Homeowners Product for More States
Feb 7 2012 // Look for Allstate to roll out a new homeowners product in phases to additional states through 2014. The insurer launched its new homeowners product, House & Home, in Oklahoma in October 2011. It offered new discounts...
Mass. AG Calls Proposed Homeowners Premium Hike ‘Illegally Excessive’
Feb 6 2012 // Massachusetts Attorney General Martha Coakley is opposing a recently proposed home insurance rate request for 150,000 consumers, calling it illegally excessive. She made her remarks during her testimony before the...
Declarations
Feb 6 2012 // No More Funds-Holding “I have received numerous constituent complaints regarding a mortgage company holding onto funds for weeks while homeowners face emergency repairs that must be made quickly.” —Oklahoma...
Mississippi May Mandate Homeowner Insurance Discounts for Mitigation
Feb 5 2012 // Mississippi Insurance Commissioner Mike Chaney said he is working with legislators on a bill that would require insurers to offer discounts to homeowners who have strengthened homes against wind damage. State officials...
Allstate Doubles Q4 Profit
Feb 2 2012 // Allstate Corp. reported that its profit more than doubled in the fourth quarter thanks to lower catastrophe losses and improved homeowners business. The big insurance company posted a fourth quarter net profit of $724...
Maryland High Court Sides With Allstate in Coastal Homeowners Case
Jan 31 2012 // The Maryland Court of Appeals, the state’s highest court, ruled in favor of Allstate last week. It upheld a previous lower court’s ruling that the insurer was within its rights to stop writing new homeowners...
New Jersey Residents Say Flood Buyout Programs Fall Short
Jan 30 2012 // State and federal programs offer homeowners in North Jersey’s flood-ravaged areas a buyout. But the combination of red tape and limited funding is keeping many from that promise and a fresh start in a new and drier...
Lawmaker: Oklahoma Bill Would Help Homeowners with Insurance Claims
Jan 26 2012 // A bill filed in Oklahoma aims to help homeowners with insurance claim payments issued through mortgage companies. Legislation filed by Oklahoma state Rep. Charles Ortega would give mortgage companies no more than 10 days...
Illinois Nursing Homes to Get $110M in Federal Aid
Jan 26 2012 // Illinois is getting $110 million from the federal government to improve safety and staffing at nursing homes, Gov. Pat Quinn said. The money is supposed to address poor supervision of sometimes-dangerous psychiatric...
Missouri Regulators Recover a Record $21M from Insurers in 2011
Jan 26 2012 // Missouri insurance regulators say they returned a record amount in claims recoveries to consumers in 2011. An additional $21 million was recovered from insurance companies by the Missouri Department of Insurance on behalf...
Mass. AG Calls Proposed Homeowners Premium Hike ‘Illegally Excessive’
Jan 25 2012 // Massachusetts Attorney General Martha Coakley is opposing a recently proposed home insurance rate request for 150,000 consumers, calling it illegally excessive. Mass. Attorney General Martha Coakley. Photo credit: Attorney...
Allstate Wants a Rate Increase in Louisiana
Jan 25 2012 // Allstate Corp. is asking to raise rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies. According to the state insurance department, Northbrook, Ill.-based Allstate wants an...
Alabama Rescuers Search Homes for Tornado Survivors
Jan 24 2012 // Searchers in the Birmingham area were going from house-to-house early Monday in an effort to rescue people trapped in their homes after storms moved across the Midwest and South, prompting tornado warnings in a handful of...
Best Affirms American Modern Home Insurance and Subs Ratings
Jan 23 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Ohio-based American Modern Home Insurance Company (AMHIC) and its...
Reno Wildfire That Destroyed 29 Homes Contained
Jan 23 2012 // The wildfire that destroyed 29 homes near Reno is contained. Thousands of evacuees are back home. And the family of the woman found dead says there’s no point in prosecuting the remorseful man who accidentally...
