Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Calif. Senators Introduce National Earthquake Legislation
Mar 18 2011 // U.S. Senators Dianne Feinstein and Barbara Boxer, both D-Calif., have introduced legislation to lower the cost of earthquake insurance for Californians and individuals who purchase coverage from a non-profit, state-run...
Kentucky Condo Owners Await Ruling Over Shoddy Construction
Mar 15 2011 // A group of condominium owners in northern Kentucky is hoping a judge’s ruling will give them an opportunity to collect several million dollars from a defunct construction company they say did shoddy work on their...
Business Groups Back Expanding Federal Flood Insurance Options
Mar 14 2011 // Expanding a federal program that is already $17 billion in debt might seem like a non-starter of an idea on budget-sensitive Capitol Hill these days. However the idea is included in a Republican-drafted reform of the...
E&O Insights: Common Auto, Homeowners Errors
Mar 7 2011 // An Estimated 30% of All Agency E&O Claims Arise from Handling Auto and Homeowners Business When dissecting Errors & Omissions claims frequency, it is apparent there is real E&O exposure for agencies writing...
4 Consumer Misconceptions About Personal Lines
Mar 7 2011 // Agents, Don’t Be on Spring Break When Customers Need You to Prepare for Summer As spring draws near, it’s time to reconnect with your clients. There is no better time than now to reach out and address some...
Alabama Plans Session on Coastal Insurance
Mar 7 2011 // Alabama Gov. Robert Bentley has renewed a campaign pledge to call a special session of the state Legislature to find a solution for coastal residents seeking homeowners insurance. “I have made a commitment, and...
North Carolina to Hear Dwelling Fire Rate Hike
Mar 7 2011 // North Carolina Insurance Commissioner Wayne Goodwin has called for a June 21 public hearing on a proposed 20.9 percent rate increase in dwelling fire and extended coverage rates after the Department of Insurance ruled that...
New Louisiana Online Auto, Homeowners Rate Guides Available
Mar 3 2011 // Louisiana Commissioner of Insurance Jim Donelon announced that the 2010 online auto and homeowners rate comparison guides are now available for viewing on the Department of Insurance Web site at www.ldi.la.gov. The...
Louisiana Insurance Commissioner: Rebates, Incentives Available to Homeowners
Mar 1 2011 // Louisiana Insurance Commissioner Jim Donelon wants property insurance policyholders in his state to claim a possible rebate for the assessment from Louisiana Citizens Property Insurance Corp., and homeowners to take...
Industry Files Dog Exclusions for Homeowners Policies
Feb 28 2011 // A national insurance advisory organization is filing three endorsements to allow insurers to exclude personal and umbrella liability coverage for injury or damage arising from dogs. The American Association of Insurance...
Homeowners Choice Begins Expansion to Alabama
Feb 23 2011 // Homeowners Choice, Inc. a Florida-based insurance holding company, has taken initial steps to enter the Alabama homeowners insurance market, its first market outside of Florida. According to the company, it expects to...
Missouri: Consumers not Being Protected with Earthquake Insurance
Feb 23 2011 // On the 200th anniversary of the great New Madrid earthquake, Missouri’s insurance director says most homeowners would not be adequately protected from an earthquake today. John M. Huff, director of the Missouri...
57 South Carolina Homeowners Receive Mitigation Grants
Feb 23 2011 // South Carolina insurance officials this week awarded 57 grants to coastal homeowners for use in installing new roofing systems and taking other steps to fortify their homes against hurricanes. State Insurance Director...
Louisiana AG: Repairs on Homes with Chinese Drywall Set to Begin
Feb 22 2011 // About 109 Louisiana homeowners impacted by defective drywall will soon see relief as plans are finalized to start the first home repairs, under a court approved pilot remediation program, Attorney General Buddy Caldwell...
Alabama Governor Vows Special Session on Coastal Insurance
Feb 22 2011 // Alabama Gov. Robert Bentley has renewed a campaign pledge to call a special session of the state legislature to find a solution for coastal residents seeking homeowners insurance. “I have made a commitment, and...
New Orleans’ 17th Street Canal Suit May Go to Federal Court
Feb 21 2011 // A lawsuit over property rights along New Orleans’ 17th Street Canal, a canal that broke during Hurricane Katrina, may be headed to federal court. In January, homeowners with backyards along the 17th Street Canal...
Florida Homeowners Settle Bombing Range Lawsuit for $1.2 Million
Feb 18 2011 // Homeowners in a southeast Orlando subdivision have settled a class-action lawsuit against a homebuilder for $1.2 million. An attorney for the residents in the Newport subdivision said the settlement was reached last week...
Allstate Profit Falls as Auto, Catastrophe Claims Rise
Feb 10 2011 // Allstate Insurance net income fell 43 percent in the fourth quarter as rising claims from auto insurance customers and catastrophes took their toll. Allstate’s fourth quarter 2010 net profit was $296 million compared...
Mercury Insurance Suffers $23.6M Net Loss
Feb 8 2011 // Due in part to claims from California rainstorms and Florida sinkholes, Los Angeles-based Mercury Insurance reported a fourth quarter net loss of $23.6 million, compared with net income of $34.2 million for the same period...
Mercury General to Exit Florida Homeowners Market
Feb 7 2011 // Citing fourth quarter losses in Florida of $19 million, Mercury General said it would begin the process of withdrawing from the state’s homeowners insurance market. The company said it will send the mandatory 180-day...
