Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Florida’s 21st Century Drops Bid to Acquire HomeWise; Gets Rate Hike
Apr 28 2010 // Florida’s 21st Century Holding Co. has dropped its bid to acquire domestic property insurer HomeWise Holdings at the same time it reported that its own Florida property insurance unit it has received approval to...
Tornadoes in Mississippi Take 10 Lives; 700 Homes, Many Uninsured, Destroyed
Apr 27 2010 // Tornadoes that killed 10 people in Mississippi destroyed at least 700 homes and did tens of millions of dollars in damage, state authorities said Monday. Homeowners and local authorities began a clean-up operation in some...
Tornadoes Rip Southern States; 10 Dead; 1,000 Homes Destroyed
Apr 26 2010 // Dozens of tornadoes left a path of destruction more than 50 miles long throughout the southern U.S.—including Alabama, Arkansas, Georgia, Louisiana, Mississippi and Tennessee—over the weekend. Ten people were...
Louisiana Bill Would Ban Insurance Cancellations Due to Chinese Drywall
Apr 23 2010 // A prohibition against insurance companies dropping coverage for homes or businesses that contain corrosive, Chinese-made drywall has advanced in the Louisiana Senate. The bill by Sen. Julie Quinn, R-Metairie, would bar...
Earth Day: How Insurance Coverages Respond to Greening of America
Apr 22 2010 // Green energy, sustainable food, recycling, hybrid vehicles – environmental awareness is impacting the lives of Americans everyday. Many consumers are choosing to make both small and large changes to reduce their...
AAIS To File Homeowners By-Peril Rating Plan Countrywide This Summer
Apr 22 2010 // The insurance industry’s first standardized plan for rating homeowners insurance by individual perils is scheduled to be filed countrywide this summer. The American Association of Insurance Services (AAIS) recently...
State Farm Sues TDI; Files to Increase Homeowners Rates in Louisiana
Apr 19 2010 // State Farm Fire and Casualty Co. filed a lawsuit against the Texas Department of Insurance after the state agency took the unprecedented move of publicizing on its Web site recent rate hike proposals by the...
Calif. Proposes Agent/Broker Regs to Alleviate Under-Insurance
Apr 19 2010 // To alleviate concerns about homeowner under-insurance, the California Department of Insurance has scheduled a hearing for May 17 in Los Angeles to discuss proposed regulations governing standards and training for...
Louisiana Citizens OKs 7% on Average Residential Rate Hike
Apr 19 2010 // Homeowners who are dependent on Louisiana’s property insurer of last resort will see rates increasing by an average 7 percent statewide. Rate increases — as well as decreases — will vary widely, especially in...
Who’s Going to Pay?
Apr 19 2010 // Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that...
Judge Says Texas Can’t Post Some State Farm Rate Hike Information
Apr 19 2010 // A judge in Austin has blocked regulators from posting on the Texas Department of Insurance Web site some documents on two rate rate filings by State Farm Insurance Cos. that would increase homeowners insurance premiums for...
Many Midwest Homeowners Reject FEMA Flood Buyouts, Despite Benefits
Apr 19 2010 // Two years ago, Larry Frese thought he’d escaped the worst of a flood that had left a lot of his neighbors’ homes in Chelsea, Iowa, and a large swath of the state underwater, even as overflowing Otter Creek...
Who Pays?
Apr 19 2010 // Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that...
How Agency Helps Preserve Historic Homes, Business Districts
Apr 16 2010 // While other insurance agents are visiting manufacturing plants, shopping malls and office parks, Brian Phoebus is hanging out in historic homes, renovated museums, art galleries and performing arts theaters. His haunts...
Pacific Gateway Acquires Homestate’s California P/C Division
Apr 15 2010 // Pacific Gateway Insurance Agency (PGIA), a wholly owned managing general agent/managing general underwriter of National Indemnity Insurance Co. (NICO), a member of the Berkshire Hathaway Group of Insurance Companies, has...
Report: February Storms in Ohio Caused More than $28M in Losses
Apr 14 2010 // The Ohio Insurance Institute (OII) has reported that amount of insured losses from the series of February winter storms will be at least $28.2 million, with 12,173 claims filed to-date across the state. Because some...
PURE to Offer Personal Lines Coverage in Maryland and D.C.
Apr 13 2010 // New York-based Privilege Underwriters Reciprocal Exchange (PURE) said it would begin offering personal lines coverage to owners of high-value homes in Maryland and Washington D.C.. The company, a member- owned reciprocal...
Calif. Proposes Agent/Broker Regs To Alleviate Under-Insurance
Apr 9 2010 // To alleviate concerns about homeowner under-insurance, the California Department of Insurance has informed Insurance Journal that it has scheduled a hearing for May 17 in Los Angeles to discuss proposed regulations...
Tennessee Homeowner Gets $19K Bill for Firefighter Services
Apr 8 2010 // A Knox County man whose house caught fire in January has received a $19,000 firefighting bill. WVLT-TV reported Chris Curl was flabberghasted at the charge, but Rural/Metro Fire Chief Jerry Harnish says such charges are...
Federal Judge in New Orleans Awards $2.6M in Chinese Drywall Case
Apr 8 2010 // A federal judge in New Orleans has awarded seven plaintiffs from Virginia more than $2.6 million in a consolidated case involving damage to the plaintiff’s homes as a result of the installation of substandard drywall...
