Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Florida Homeowners’ Lawsuit Alleges Defective Chinese Drywall
Mar 4 2009 // A group of Florida homeowners sued German drywall maker Knauf Gips KG, its Chinese plasterboard units and several U.S. homebuilders on Monday, alleging contaminated drywall is sickening U.S. homeowners. The lawsuit said...
Texas Insurer Group Takes Issue with NAIC Homeowner Report
Mar 4 2009 // The National Association of Insurance Commissioner recently issued its annual report on homeowners insurance. The report, based on figures from 2006, the latest year from which data is available, ranks Texas as having the...
Oregon Home Insurance Costs Below National Average
Mar 4 2009 // At an average cost of $502 per year, home insurance in Oregon is among the least costly in the nation, according to a nationwide survey. For example, the average homeowner’s premium was $1,257 in Louisiana and $603...
Texas Legislator Aims to Limit Power of Homeowners’ Associations
Mar 2 2009 // Texas State Rep. Burt Solomons (Carrollton) has announced plans for a sweeping reform of the state’s homeowners’ association laws, including a constitutional amendment that would prohibit foreclosure of a...
Cox Joins Homeowners of America as VP, Director of Marketing
Feb 26 2009 // Texas-based Homeowners of America Insurance Company announced that Michael S. Cox has joined the firm as vice president and director of Marketing. Cox has more than 12 years of insurance industry experience with most of...
North Carolina Insurance Chief Warns Against Coastal Rate Freeze
Feb 25 2009 // Legislative efforts to freeze big insurance rate increases for coastal homeowners risk making policies less available and more costly for all state residents, North Carolina’s new insurance commissioner said. Such...
Chubb Offers Coverage to Upgrade Green After Home Loss
Feb 24 2009 // If a home is damaged or destroyed, homeowners may want to rebuild with green materials and processes, but the additional cost can be prohibitive. Now, homeowners can obtain insurance through the Chubb Group of Insurance...
Insurance Industry Starts to Pay Attention to Muslim American Market
Feb 22 2009 // 24% of All Muslims in U.S. Have College Degrees; 16% Are High Income Earners While there are an estimated 130 entities selling takaful — cooperative insurance that is true to Shariah tenets of Islamic religious law...
Oklahoma Bill Requiring Liability Cover for Contractors Moves Ahead
Feb 11 2009 // The Oklahoma Senate General Government Committee has approved legislation sponsored by Sen. Debbe Leftwich that would require contractors to have general liability and workers’ compensation insurance before they can...
Island Insurance Offers Homeowners Equipment Breakdown Coverage
Feb 6 2009 // Honolulu-based Island Insurance Co. Ltd. is offering equipment breakdown coverage to all homeowners policyholders. The optional endorsement is available for $15 per year and covers the cost of repair and replacement of...
Fireman’s Fund Brings ‘Green’ Homeowners Insurance to Minnesota
Feb 3 2009 // Fireman’s Fund Insurance Co. is now offering ‘green’ homeowner’s insurance to consumers in the state of Minnesota. This is the first-ever admitted green insurance available to homeowners in the...
<em>AP</em> Analysis: Florida Insurance Bind Overshadows Louisiana
Feb 3 2009 // Louisiana homeowners stunned by their rising insurance rates should remember that it could be worse. They could live in Florida. State Farm announced recently that it will stop doing business in Florida, the first big firm...
State Farm to Sell Renters Insurance in Mississippi, But Not Homeowners
Jan 30 2009 // State Farm says it will resume selling renters insurance in parts of Mississippi away from the Gulf Coast. Company spokesman David Majors said that State Farm will still not selling new homeowners policies anywhere in the...
Mississippi Grants to Help Homeowners Meet Flood Standard Reach $60M
Jan 28 2009 // The Mississippi Development Authority says federal grants to help coast homeowners meet new post-Katrina flood standards are nearing $60 million. MDA’s Elevation Grant Program is scheduled to complete all applicant...
State Farm Pulling Out of Florida Property Insurance Market
Jan 27 2009 // Florida is losing its largest property insurance company. State Farm Florida Insurance announced today it is beginning the process that will allow it to non-renew policies and halt all sales of homeowners or other...
Missouri Homeowners Need Insurance to Go Green
Jan 25 2009 // A new Missouri law was supposed to make it easy for residents powering their own homes to put in wind turbines or solar panels but the lack of specialized insurance is proving to be an obstacle. The idea was for the...
Domestic Insurers Winning Florida Homeowners Market
Jan 25 2009 // Since 2006, About 25 New Home-Based Insurers Have Been Launched as Part of the Domestc Market Resurgence While large national insurers are downsizing in Florida, more home-based insurers are bulking up on the state’s...
Montana Bill Suggests Implementing Fire-Safety Incentives
Jan 25 2009 // Spending to stomp out wildfires could be reduced by training and rewarding homeowners to practice fire-safety defense, Montana lawmakers said, as they presented several bills intended to cut costs. The bills could force...
North Carolina Urged to Reduce Beach Plan Coverage, Cap Insurers’ Liability
Jan 23 2009 // North Carolina’s state-sanctioned property insurance program at the coast should reduce its maximum property policy coverage to relieve its potential liability in a massive hurricane, a legislative study committee...
Colorado Evaluating Proposed Insurance Rate Filing Rule
Jan 16 2009 // The Colorado Division of Insurance continues to evalute regulation 5-1-10, Rate and Rule Filing Submission Requirements for Property and Casualty Insurance. The rule was proposed to “ensure that property and casualty...
