Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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)....
Travelers Finds Water Damage Ten Times More Likely Than Fire
Sep 17 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...
Ohio Insurance Institute: State’s Insured Losses from Ike – $1.255B
Sep 14 2010 // For some Ohioans, the memory of Hurricane Ike is only surpassed by the damage it caused last Sept. 14 as it made its way across the Buckeye State packing winds at speeds equal to a Category 1 hurricane (up to 74...
San Bruno Fire Leaves Many Critically Injured, Homes Destroyed
Sep 10 2010 // A Pacific Gas and Electric gas line explosion that occurred at about 6 p.m. on Sept. 9 in San Bruno, Calif., has killed six people, left at least nine people critically injured, and destroyed more than a dozen homes,...
Wind Inspectors in Louisiana Say Insurers Vary on Proof for Discounts
Sep 10 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...
Florida Plans Hearing on Citizens’ Rate Increases
Sep 7 2010 // Florida’s Office of Insurance Regulation will hold a hearing on proposed rate increases for several lines of insurance from Citizens Property Insurance Corp. at 1 p.m. on Sept. 7, 2010, in Tallahassee. The lines of...
Homeowners Insurance an Issue in Texas Gubernatorial Campaign
Sep 6 2010 // Former Houston Mayor Bill White, a Democrat campaigning to replace Repub-lican Rick Perry as governor of Texas, says homeowners insurance rates in Texas are too high and should be more regulated. White said Texans pay an...
North Carolina Commissioner Urges Preparation
Sep 2 2010 // With Hurricane Earl on a path to skim the barrier islands and the coast of North Carolina beginning this evening, state Insurance Commissioner Wayne Goodwin is reminding all North Carolinians to take precautions before the...
Cedar Rapids Gives Flood-Damaged Homes to Builders, Nonprofits
Sep 2 2010 // City officials are trying to salvage some of the homes damaged by flooding in Cedar Rapids, Iowa, in 2008 by offering them to builders and nonprofit groups for free. In exchange, the homes would be renovated and sold at a...
Preparing for an Insurance Adjuster an Important Step in Recovery
Sep 1 2010 // Showing your home’s storm damage to an insurance adjuster should be a feeling of relief rather than high anxiety. An adjuster arriving at your residence means you are that much closer to having your home repaired and...
