Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Kentucky Moves to Raise Mine Fund’s Home Insurance Limit
Mar 31 2010 // The General Assembly has passed a bill that would allow the Kentucky Department of Insurance to pay homeowners up to $300,000 for damage resulting from geologic shifts triggered by mining. The current limit allowed to be...
Cirro Covers Texas Homes Against Water, Sewer Line Problems
Mar 26 2010 // Cirro Home Guard, an affiliate of Cirro Energy, has created three new programs that provide water line replacement, sewer line repair, and related landscaping restoration for homeowners in Texas. Cirro Home Guard water...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Mar 26 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Louisiana Bills Would Ban Insurance Cancellations from Drywall Claims
Mar 26 2010 // Property insurance companies would not be allowed to cancel policies or raise rates on homeowners who make damage claims stemming from corrosive Chinese drywall, under two proposed state laws in Louisiana. Bills by state...
21st Century Holding to Buy Florida’s HomeWise Insurance
Mar 23 2010 // 21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain insurance policies from HomeWise Preferred...
California Earthquake Authority Supports Federal Catastrophe Insurance Bill
Mar 22 2010 // The Homeowners Defense Act (H.R. 2555), a bill that would provide a federal backup for states with catastrophe insurance funds, would reduce California earthquake insurance premiums by about 35 percent, according to...
Louisiana’s Rep. Melancon: Chinese Drywall Poses a Fire Hazard
Mar 22 2010 // U.S. Congressman Charlie Melancon (LA-03) sent a letter to the nation’s top fire official requesting his assistance in protecting homeowners from toxic Chinese drywall. In his letter to U.S. Fire Administrator Kelvin...
Mobile Expects Homeowners Premium Hike After ISO Fire Downgrade
Mar 18 2010 // Mobile’s fire-rescue chief says a downgrade in fire protection rating is likely to boost insurance premiums the most for homeowners just outside the city limits. Fire-Rescue Chief Steve Dean said that while city...
Florida Fines Homeowners Choice Over Reinsurance Contract
Mar 18 2010 // A Clearwater-based property insurance company is the latest Florida company to run afoul of Florida insurance regulators. Insurance Commissioner Kevin McCarty ordered Homeowners Choice Property & Casualty Insurance Co....
Chubb Expands Its Private Wildfire Protection Network Into Texas
Mar 17 2010 // The Chubb Group of Insurance Companies has expanded its wildfire defense services to homeowner policyholders in Texas. In addition to providing wildfire education and property risk assessments, the program responds to...
FEMA Denies Aid for Florida Families with Chinese Drywall Damage
Mar 17 2010 // Last week Florida asked for federal financial assistance for thousands of homeowners with property damage caused by defective Chinese drywall. But the Federal Emergency Management Agency, which typically deals with...
Union General Provides Market for Homeowners Associations in California
Mar 16 2010 // Union General has an “A+” rated carrier offering coverage to California agents for common area exposure for homeowners associations. Pricing is on a per unit basis. Limits up to $2,000,000 occurrence/$3,000,000...
As Weather Warms, Property Owners Urged to Buy Flood Insurance
Mar 12 2010 // Having flood insurance will be increasingly important this year as spring rain combines in many parts of the U.S. with the melting of record snowfall, according to the Insurance Information Institute. “Many states on...
Best Affirms American Modern Insurance Group Ratings
Mar 12 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of American Modern Insurance Group of Amelia, Ohio and its...
Florida Insurers Pin Hopes on Broad Bill Passed by Senate Panel
Mar 11 2010 // With the prospects for a controversial rate deregulation bill dimmed by Gov. Charlie Crist’s threat of a veto, the insurance industry is betting on a new wide-ranging insurance proposal to bring some reform to...
Powerful Tornadoes in Arkansas Damage Homes; Injuries Reported
Mar 11 2010 // Three powerful tornadoes touched down in Arkansas on March 10, damaging homes and injuring at least four people, Risk Management Solutions (RMS) has reported. According to National Weather Service, the first of the three...
House Panels Face Environmental, Insurer Groups Over Catastrophe Bill
Mar 10 2010 // Two House subcommittees have scheduled a joint hearing today on ways to address homeowners insurance costs in disaster-prone communities, an issue that has some environmentalists, taxpayer groups and insurers standing...
Florida’s Homeowners Choice Reports Profitable Q4, Year 2009
Mar 10 2010 // Homeowners Choice Inc., a Florida-based homeowners’ insurer, reported a profitable fourth quarter and year 2009. Net income for the fourth quarter of 2009 was $807,000, compared to net income of $5.1 million for the...
California Regulator Considering Regs to Alleviate Underinsurance
Mar 8 2010 // The California Department of Insurance is considering proposing new regulations governing standards and training for estimating replacement value on homeowners’ insurance. Among the ideas that was floated at a recent...
Insurers Restricting Coastal Exposure
Mar 7 2010 // The coastal home insurance market continues to tighten. State Farm is only writing a new homeowners policy in Mississippi if another is dropped and Allstate has stopped writing mobile homes on the South Carolina coast....
