Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Most Flooded St. Bernard Parish, New Orleans Homes Rebuilt
Aug 3 2009 // Through its annual curbside survey conducted in July, the University of New Orleans Geography Department has found that 61 percent of the homes in the Hurricane Katrina-flooded neighborhoods of New Orleans and in St....
As Homeowners Unable to Sell Become Landlords, Insurance Needs Change
Aug 3 2009 // As more homeowners are having trouble selling their homes in today’s real estate market, some are thinking about becoming landlords. A growing number of homeowners who need to relocate for a job or other reason are...
New Homeowners Earthquake Rating Plan Available
Aug 3 2009 // Wheaton, Ill.-based American Association of Insurance Services (AAIS) has developed a new rating plan for adding earthquake coverage to policies based on standardized forms, manual rules, and rating information provided...
Three Homeowners’ Policy Gaps That Sell
Aug 3 2009 // Skillful introduction and explanation of the following three “common” coverage gaps will likely result in the addition of a new homeowners’ client. Further, each of the three listed gaps is easily closed...
Louisiana’s Jefferson Parish Gets $7.2M to Raise Homes
Jul 30 2009 // Louisiana’s Jefferson Parish now has $7.2 million with which to raise 40 homes out of the danger of floods. The money was awarded to the parish by the Federal Emergency Management Agency and the Louisiana Recovery...
Ohio Auto and Homeowners Insurance Rates Increased in 2008
Jul 28 2009 // Ohio Department of Insurance Director Mary Jo Hudson announced that the average rates for the state’s top 10 private passenger auto insurers increased 0.8 percent in 2008. The average rates for the state’s top...
Challenges to Anti-Concurrent Cause Clauses Linger in Katrina Lawsuits
Jul 27 2009 // Hurricane Katrina, in addition to causing unprecedented damage and destruction, added significantly to the workload of state and federal courts in Louisiana and Mississippi. Almost four years after the fact, those courts...
St. Johns Enters South Carolina Homeowners Insurance Market
Jul 27 2009 // St. Johns Insurance Co., a Florida domiciled property and casualty insurer, has expanded its presence into the South Carolina homeowner insurance market. Insuring more than 200,000 policyholders in Florida, St. Johns...
Further Challenges to Anti-Concurrent Cause Clauses
Jul 20 2009 // Hurricane Katrina brought the question of the validity and applicability of ACCs to the forefront. Hurricane Katrina, in addition to causing unprecedented damage and destruction, added significantly to the workload of...
Travelers Insurance Urges Regional Zones, Federal Role for Wind Coverage
Jul 20 2009 // One of the nation’s largest insurers has unveiled a plan to shift the authority for regulating rates for hurricane wind coverage from state regulators to an independent federal commission. Mississippi Gov. Haley...
State Farm Lloyds Seeks Homeowners Rate Increase in Texas
Jul 16 2009 // State Farm Lloyds has submitted a rate filing to the Texas Department of Insurance to increase its homeowner’s insurance rates in Texas by a statewide average of 8.5 percent, beginning Oct. 1 for existing customers...
Foremost Insurance Expands Dwelling Fire Program in Nevada
Jul 15 2009 // Grand Rapids, Mich.-based Foremost Insurance Group has expanded its Dwelling Fire program in Nevada. New Dwelling Fire policies and endorsements re designed for the needs of landlord and owner-occupied or vacant...
Foremost Insurance Expands Oregon Dwelling Fire Program
Jul 13 2009 // Grand Rapids, Mich.-based Foremost Insurance Group has expanded its dwelling fire program in Oregon, introducing new policies and endorsements for the needs of landlord, owner-occupied or vacant properties. Typically known...
Universal Insurance Holdings To Purchase ICAT Specialty Insurance
Jul 10 2009 // Hawai’i Insurance Commissioner J. P. Schmidt has approved Universal Insurance Holdings of North America’s (Universal North America) purchase of ICAT Specialty Insurance Co.(ISIC). Universal North America writes...
Farmers Insurance Offers Green Homeowners Product in Texas
Jul 6 2009 // Los Angeles-based The Farmers Insurance Group of Companies is offering a new eco-friendly product for its Texas customers wishing to ‘go green”. Called “Eco-Rebuild”, the new endorsement will...
U.S. House Panel to Bring Homeowners Insurance Crisis Hearing to Florida
Jun 26 2009 // A subcommitee of the U.S. House of Representatives that is looking into trouble spots in the country’s homeowner insurance market is coming to Florida in July. House Financial Services Oversight and Investigations...
Mississippi Wind Pool Insurance Credits Available for Biloxi Homeowners
Jun 24 2009 // Some Biloxi homeowners who use the wind pool for insurance may qualify for a 20 percent credit on their coverage. The wind pool — or Mississippi Windstorm Underwriting Association — is the insurer of last...
All North Carolina Homeowners Could Pay If Insurers, Beach Plan Fall Short
Jun 24 2009 // Every insured homeowner in North Carolina could shoulder the cost of rebuilding if a massive hurricane hits under a deal taking shape in the Legislature. The legislation (HB1305), expected to be detailed in a House...
New Rhode Island Law Saves Residents Money When Storms Loom
Jun 19 2009 // A new law could save homeowners money when a hurricane off the Atlantic coast churns up weather strong enough to damage homes in Rhode Island but never reaches the state. Legislation signed last week by Gov. Don Carcieri...
Recession Can Be Risky Time to Skimp on Insurance Coverage
Jun 18 2009 // Barry Miller figured he was saving $100 a month when he scaled back his disability insurance. After all, he was healthy. “It just looked like the policy was too expensive,” said Miller, who was paying for his...
