Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Florida’s Homeowners Choice Makes Bid for 21st Century Holding
Oct 15 2009 // Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12...
Virginia Officials Tour Homes Built with Chinese Drywall
Oct 15 2009 // Three Virginia lawmakers are asking lenders to help homeowners whose homes were built with suspect drywall imported from China. U.S. Sen. Mark Warner and Congressmen Bobby Scott and Glenn Nye Reps issued their appeal...
Louisiana Rolls Out New Online Auto and Homeowners Rate Guides
Oct 14 2009 // The Louisiana Department of Insurance announced that its 2009 online auto and homeowners rate comparison guides are now available for viewing on the Department of Insurance Web site at www.ldi.state.la.us. “The rate...
Florida’s American Keystone Insurance to Be Liquidated
Oct 13 2009 // Leon County Circuit Court Judge John C. Cooper has granted a request by state insurance officials to place American Keystone Insurance Co. in Ponte Vedra Beach into state receivership to be liquidated. American Keystone...
California Warns Homeowners of Flood Threat
Oct 12 2009 // With the first big rain storm of the year bearing down on Northern California, the California Department of Insurance has put out an advisory to the public to check their homeowners insurance and to look into whether they...
Mississippi Court Rules Home Insurance Policy Covers Hurricane Wind Damage
Oct 9 2009 // In a 9-0 decision, the Mississippi Supreme Court has ruled that so-called “all-risk” home insurance policies may cover wind damage from hurricanes, even in situations where the loss is later exacerbated by...
Illinois AG Calling for Crackdown on Nursing Homes
Oct 9 2009 // Illinois Attorney General Lisa Madigan is calling for unannounced inspections of nursing homes and revised criminal histories of identified offenders living in the facilities. Madigan’s sent a letter on Oct. 7 to the...
Nationwide Insurance to Drop 60,000 Home Policies in Florida
Oct 8 2009 // Nationwide Insurance Co. of Florida plans to reduce its personal lines property exposure in the state of Florida by nonrenewing 60,000 homeowners policies across the state. Nationwide said that Tower Hill Group, a Florida...
Tell Parents to ‘Mind The Gaps’ When Kids Head to College
Oct 5 2009 // As Students Arrive on Campus, New Exposures Can Arise As legions of students head back to college this fall, parents should be mindful of gaps in insurance that can exist while their children are living away from...
Florida Home Insurers Losing Money; Will State Farm Stay?
Oct 5 2009 // Homeowners insurers doing business in Florida – established as well as new – are losing money and the state regulator says rates may need to go up. Also, the state’s largest private home insurer, State...
745 Georgia Homes Destroyed By Flooding, Says Red Cross
Oct 1 2009 // The American Red Cross has released preliminary disaster assessment information from flooding that swamped parts of Georgia. The organization said an estimated 2,803 Georgia homes have been affected by the flooding. Of...
Insurance Agent Jailed for Falsely Representing Lloyd’s in Kentucky
Sep 23 2009 // A financial service worker in South Carolina was sentenced today to two years in prison for using a scheme to dupe mortgage companies and homeowners in Eastern Kentucky. David C. Thomas, of Greenville, S.C. admitted he...
Newest Florida Carrier, Prepared Insurance, Targets ‘Older’ Homes
Sep 23 2009 // Florida has given the go-ahead to a new homeowners insurance company that plans to focus on what it says is the underserved market of homes built before 2002. Prepared Insurance Co., headquartered in Tampa, intends to use...
Georgia Bill Would Require Background Checks on Workers Sent Into Homes
Sep 22 2009 // A Georgia Republican is pushing a measure that would require employers to perform background checks on staffers who work inside other people’s homes. The measure sponsored by state Rep. Allen Peake of Macon would...
Hurricane Hugo Today Would Cause $20 Billion in Damage in South Carolina
Sep 22 2009 // Hurricane Hugo was the most costly hurricane ever to hit the United States when it made landfall in South Carolina in 1989, causing $4.2 billion in insured damage. Since then, the total insured property along South...
The Coverage Conundrum in Chinese Drywall Claims
Sep 21 2009 // The Latest Mass Tort Unless you live in Florida or Louisiana, or regularly read the Insurance Journal, you may only now be hearing about the latest mass tort craze: Chinese-Manufactured Drywall (often simply referred to as...
Home Insurers Use Lava Maps to Limit Exposure on Hawaii’s Big Island
Sep 18 2009 // The U.S. Geological Survey’s 35-year-old maps of lava danger zones in this southern corner of Hawaii’s Big Island are a tableau of earthy colors and odd shapes originally meant for scientific and planning...
Residential Water, Electrical, Sewer Lines Covered By Hartford Steam Insurance
Sep 17 2009 // Hartford Steam Boiler Inspection and Insurance Co. (HSB) is offering a new service line coverage, which can pay to repair underground outdoor water, sewer and electrical service lines that fail because of damage that would...
Homeowners Insurance Rates Going Up in Alabama
Sep 14 2009 // Insurance rates are going up for many Alabama homeowners. Officials with three of the four companies that insure the most homes in Alabama say that they are raising rates. The company that sells the most homeowners...
Homeowner’s Insurance Rates to Rise 10% In Arkansas
Sep 14 2009 // Homeowner insurance premiums in Arkansas are expected to rise this year by an average of 10 percent as the industry works to rebound from 2008’s dual blows of foul weather and nasty financial markets. The Arkansas...
