Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Home Insurance Customer Satisfaction Declines But ‘Bundlers’ Happy
Oct 18 2010 // Overall customer satisfaction with homeowners insurance companies has declined to the lowest level in five years, primarily due to decreases in satisfaction with policy offerings and customer service, according to the J.D....
New York Panel Hears Homeowners Reform Proposals
Oct 15 2010 // New York insurance regulators proposed a series of tweaks to the state’s coastal homeowners insurance market this week, but it will probably be months before the state panel tasked with evaluating the proposals makes...
300 Homes to Be Repaired in Settlement with Chinese Drywall Firm
Oct 14 2010 // A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. An agreement was reached with Knauf...
Lenders Likely to Face Class Action Lawsuits Over Foreclosures
Oct 13 2010 // U.S. lenders already facing intense scrutiny from lawmakers and regulators over questionable foreclosure practices will likely face class-action lawsuits on behalf of thousands of homeowners nationwide. Bruce Simon, a...
Florida Approves Citizens Rate Hikes for Condos, Rentals, Commercial
Oct 12 2010 // Florida Insurance Commissioner Kevin McCarty has approved additional rate increases for state-backed Citizens Property Insurance Corp. The latest round affects condominium associations, commercial buildings, rental...
Home Insurance Customer Satisfaction Declines But ‘Bundlers’ Happy
Oct 5 2010 // Overall customer satisfaction with homeowners insurance companies has declined to the lowest level in five years, primarily due to decreases in satisfaction with policy offerings and customer service, according to the J.D....
North Carolina: Water Damage to Homes Is 10 Times More Likely Than Fire
Oct 4 2010 // While fire may be a common worry among homeowners, claims data from Travelers suggests their homes could be as much as 10 times more likely to be damaged by water than by fire. Fortunately, much of this water-related...
CEA Aims to Improve Value, Affordability of Calif. Earthquake Insurance
Oct 4 2010 // Californians might have more reason to retrofit their homes to better withstand a major earthquake, thanks to a recently adopted building code for retrofitting existing structures. The standard, approved in August by the...
Homeowners’ Madoff Claims Not Covered Under AIG Policy: Judge
Oct 1 2010 // American International Group Inc. need not make payments to some former Bernard Madoff clients who said their homeowner insurance policies entitled them to coverage for alleged losses, a judge ruled. Two California...
New York Agents Group Praises Coastal Reform Plan
Oct 1 2010 // A key trade group for insurance agents in New York is lauding a proposal by regulators to reform the coastal homeowners insurance market in the state. The Independent Insurance Agents & Brokers of New York (IIABNY)...
Schwarzenegger Signs Homeowners Insurance Disclosure Law
Oct 1 2010 // California Gov. Arnold Schwarzenegger has signed into law new rules designed to make it easier for understand their choices when purchasing homeowners insurance. AB2022 will, on July 1, 2011, revise the mandatory language...
Insurers Blast New York Coastal Homeowners Insurance Reform Plan
Sep 27 2010 // Insurers are blasting a proposal by New York regulators to reform the state’s coastal homeowners insurance market, a plan one exec called “a solution in search of a problem.” “The insurance industry...
Fremont Offers to Waive Deductible for Seasonal Homeowners Claims
Sep 24 2010 // Fremont, Mich.-based Fremont Michigan InsuraCorp Inc. is offering its homeowners insureds a checklist for closing seasonal dwellings, along with an additional incentive — an offer to waive the policyholder’s...
Florida Approves 10.3% Rate Hike for Citizens Property
Sep 23 2010 // Florida Insurance Commissioner Kevin McCarty has approved a statewide average homeowners insurance rate increase of 10.3 percent for policies written by the state-backed Citizens Property Insurance Corp. Citizens had filed...
New York Looks to Reform Coastal Homeowners Insurance Market
Sep 23 2010 // New York insurance regulators are proposing a new set of consumer protection measures as part of a package of rules aimed at improving the availability and pricing of homeowners insurance in high-risk areas along the...
124 with Arrest Warrants Found in Illinois Nursing Homes
Sep 22 2010 // Illinois Attorney General Lisa Madigan announced that investigators have identified 124 people with active arrest warrants who were residents or staff members of nursing homes for elderly residents. Madigan said they were...
High Value Homeowners Market Healthy Despite Tough Economy
Sep 21 2010 // One of the most important features of writing high net worth business is high value homeowner’s coverage — but these policies can be complicated for agents to understand because they have many more components...
Mississippi Denies Allstate’s 44% Homeowners Rate Hike Request
Sep 21 2010 // Mississippi Insurance Commissioner Mike Chaney has denied Allstate Property and Casualty Insurance Co.’s requested 44 percent statewide homeowners rate increase. “Based on our internal reviews and that of our...
Wind Inspectors in Louisiana Say Insurers Vary on Proof for Discounts
Sep 20 2010 // In the entire state of Louisiana, there are only 16 of them, and they want business. They are certified wind inspectors, and for $150 to $200 they say they can knock hundreds of dollars off homeowners’ annual...
E&O Insight: Attention Personal Lines Unit!
Sep 20 2010 // Why Homeowners is a Major Cause of E&O Claims When reviewing errors and omissions (E&O) claims frequency by line of business, homeowners ranks third behind two commercial lines products (casualty and property)....
