Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Insurer of High-Value Homes Expands to Louisiana
Dec 13 2011 // Privilege Underwriters Reciprocal Exchange (PURE), which offers customized property and casualty insurance coverage to owners of well-built, high-value homes, announced it is expanding into Louisiana. PURE serves more than...
North Carolina Homes Rebuilt After Twisters
Dec 12 2011 // The relief organization Samaritan’s Purse last Friday turned over the keys of two homes rebuilt by volunteers eight months after they were destroyed by deadly tornadoes in Bertie County. Lucy “Pearl”...
Florida Turns to Surplus Lines to Help Depopulate Citizens
Dec 9 2011 // Florida lawmakers are considering allowing surplus lines carriers to participate in the depopulation programs of the state’s largest homeowner insurer in an effort to reduce its policyholder rolls. Citizens Property...
State Farm Gets 7.8% Homeowners Rate Hike in Louisiana
Dec 9 2011 // Louisiana has allowed its largest insurer of homes to raise its rates by an average 7.8 percent. State Farm Fire and Casualty Co. spokeswoman Molly Quirk told The Associated Press that the $32.2 million increase goes into...
Idaho Homeowners Association Treasurer Charged With Embezzling
Dec 8 2011 // The former treasurer of a Meridian, Idaho homeowners association is charged with embezzling more than $20,000 from the organization since 2006. The Idaho Statesman reported Tuesday that Kristy Jenkins is charged with...
Insured Losses from Bastrop, Texas, Wildfire Rise to $325M
Dec 8 2011 // More than half of the homeowner insurance claims have been settled in the Bastrop (Texas) Complex Wildfire that occurred over the Labor Day weekend. The final tally for insured losses from the wildfire is projected to hit...
Florida Agents Concerned About Homeowners Choice Contract
Dec 7 2011 // Independent agents in Florida are concerned that an appointment contract offered by a Florida homeowners insurer that recently assumed thousands of policies from another company could result in a loss of those...
Florida’s Citizens Insurance Says Legislation Needed for Real Change
Dec 6 2011 // Florida’s largest homeowner insurer is offering a slate of coverage changes, but concedes that without legislative changes there will be little reduction in its exposure or policyholder count. Gov. Rick Scott last...
Allstate Bundles Home Policies with Auto Policies in North Carolina
Dec 5 2011 // Allstate Insurance Co. has informed 45,000 homeowners in North Carolina that it will not renew their home policies unless they also purchase commercial or private auto insurance from the insurer by Dec. 15. Allstate...
More Homes Added to Chinese Drywall Remediation Settlement
Dec 5 2011 // A new settlement has been reached with Knauf Plasterboard Tianjin (KPT) over defective drywall manufactured by the company in China. The Plaintiffs’ Steering Committee (PSC), the Homebuilder Steering Committee (HSC)...
Louisiana Citizens Sheds More Policies
Dec 5 2011 // Nearly 11,000 homeowners polices once held by Louisiana’s property insurer of last resort have been absorbed into the private insurance market, state regulators say. Louisiana Insurance Commissioner Jim Donelon...
State Farm Hikes Homeowner Policy Rates, Deductibles in Texas
Dec 2 2011 // A new insurance commissioner has allowed State Farm to charge higher rates and deductibles in Texas. State Farm Insurance on Dec. 1 was authorized to switch many of its 1.2 million homeowner policies to a higher...
Florida’s Citizens Suggest Steps to Reduce Its Exposure
Dec 1 2011 // Florida’s largest property insurer wants to roll back coverage on high-value homes and lower its coverage limits on homeowners’ liability, as part of a broader plan to reduce its exposure in the state. Florida...
Florida’s HomeWise Insurance Ordered Into Liquidation
Nov 30 2011 // A Florida judge has ordered a homeowners’ insurer to shut its doors and hand its business affairs over to the state after state regulators found it no longer has enough money to pay its bills. Florida’s...
Joplin Homeowners Need More Time to Rebuild, Missouri Regulators Say
Nov 29 2011 // While insurance companies have paid out more than $1.1 billion for losses stemming from the May 22 tornado that devastated Joplin, Mo., regulators say that timelines contained in some property polices are hampering...
5 Mississippi Home Buyouts Could Happen in New Year
Nov 28 2011 // Five property owners whose homes were inundated by the spring flood could have their homes bought out by the city of Vicksburg next year. The Board of Mayor and Aldermen has authorized Mayor Paul Winfield to apply for a...
Allstate Drops North Carolina Homeowners Who Insure Autos Elsewhere
Nov 22 2011 // Some North Carolina residents who insure their residences through Allstate are finding themselves dropped by the company for refusing to bundle their home and auto coverage. Allstate Insurance Co. has informed 45,000...
American Platinum Writes First Homeowners’ Policies in Florida
Nov 22 2011 // Universal Insurance Holdings Inc. recently announced that its wholly-owned subsidiary, American Platinum Property and Casualty Insurance Corp. has just issued its first Florida homeowners’ policies. American Platinum...
American Platinum Writes First Homeowners Policy in Florida
Nov 22 2011 // Florida has a new player in the insurance market for high-value homes and inland marine policies. Universal Insurance Holdings Inc. recently announced that its wholly-owned subsidiary, American Platinum Property and...
Mass. AG Wants to Put Brakes on ‘Excessive’ Homeowners Insurance Rate
Nov 18 2011 // Massachusetts Attorney General Martha Coakley is urging the State Rating Board to hold a hearing to scrutinize the data insurers use to set homeowners insurance rates in her state. The Attorney General’s office says...
