Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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....
E&O Insights: Personal Lines Accounts
Mar 7 2010 // Uncover Inland Marine Exposures for Protection and Sales Opportunities Although heavy personal lines accounts are generally more favorable from an errors and omissions (E&O) standpoint, there is no doubt the potential...
Florida Lawmakers Block Sprinkler Mandate for New Homes
Mar 5 2010 // A Florida House committee wants to extinguish a proposed rule that would require fire sprinklers in many newly constructed homes. The House Governmental Affairs Policy Committee voted unanimously Wednesday for a bill that...
I.I.I.’s Hartwig Contrasts Impact of Chilean, Haitian Earthquakes
Mar 3 2010 // Why was he death toll over 200,000 when an earthquake struck Haiti, while so far less than 1000 people have died from the one that struck Chile, which was approximately 500 times more powerful? One of the answers lies in...
Safeco to Offer Homeowners Insurance with Wind Coverage in Mississippi
Mar 3 2010 // State Insurance Commissioner Mike Chaney says Safeco Insurance plans to offer homeowners insurance, including wind coverage, in south Mississippi. Chaney says the company will offer 500 to 1,000 homeowner policies wind...
Foremost Insurance Expands Dwelling Fire Program in Minnesota
Mar 2 2010 // Foremost Insurance Group has expanded its dwelling fire program in Minnesota as of March 1, 2010. Foremost will target standard and preferred landlord and rental property customers with new, larger discounts and an overall...
South Carolina Home Mitigation Program Reaches 1,000
Mar 2 2010 // A South Carolina program for coastal homeowners who have taken steps to shield their homes against hurricane winds has awarded more than 1,000 grants in two years. Scott Richardson, director of the South Carolina...
State Farm Follows ‘Lose-One, Write-One’ Policy in Mississippi
Feb 26 2010 // State Farm gave consumers one part of its policy change when it announced eight months ago it would resume issuing insurance policies in Mississippi. What the company didn’t say is it is writing policies on a...
Water Pipeline Protection Offered to Homeowners in Washington
Feb 25 2010 // Home Emergency Insurance Solutions will provide its Water Service Line Protection program directly to select area homeowners in Washington. The plan provides homeowners with emergency solutions for unexpected repairs to...
