Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Millions Risk Losing Homeowners Insurance in Fire-Ravaged California
Sep 27 2021 // A California moratorium guaranteeing insurance in wildfire-threatened areas lapsed Saturday, putting 347,000 homes in Pasadena and other Los Angeles foothills communities at the mercy of the market. As many as 2.4 million...
In Changing Housing Market, Home Insurers Struggle with Customer Loyalty: Study
Sep 22 2021 // Home insurers have struggled to develop products and services designed to maximize customer lifetime value for the growing population of baby boomers migrating from home ownership to renting, a new study by J.D. Power,...
California Issues 1-Year Moratorium on Homeowner Insurance Cancellations And Non-Renewals
Sep 20 2021 // California Insurance Commissioner Ricardo Lara on Monday ordered insurance companies to preserve residential insurance coverage for more than 325,000 policyholders who have been affected by Northern California wildfires...
Openly Brings Home Insurance Offering to Missouri
Aug 25 2021 // Openly is up and running in Missouri, enabling independent insurance agents to access Openly’s coverage and obtain quotes. Missouri marks the 12th state in Openly’s nationwide expansion. Openly says it plans to...
Austin’s Incline P&C Group, Hippo Team Up on Home Insurance
Aug 11 2021 // Austin, Texas-based insurance program market services firm Incline P&C Group entered a new issuing carrier relationship with Hippo Insurance Services to provide homeowners insurance coverage. Hippo offers its...
Ally Financial to Offer Home Insurance in Partnership With Hippo
Aug 11 2021 // U.S. online bank Ally Financial has agreed to backstop home insurance policies provided by Hippo Holdings Inc., providing capital for the latter to generate more business, the companies told Reuters. Hippo will underwrite...
Homeowner Insurtech Hippo to Go Public Today as Real Estate Market Remains Hot
Aug 3 2021 // Hippo Enterprises Inc. wants to change homeowners’ insurance by using customer data to make it faster and easier to get coverage, Hippo’s chief executive said in an interview. The company, which has a $5...
How Homeowners Insurers Can Prepare for the Cannabis Era
Aug 2 2021 // Talk about a growth market. Since Colorado and Washington became the first to pass state laws designed to legalize certain sale and consumption of recreational cannabis in their respective states in 2012, 15 other states...
Homeownership Study of Minnesota’s Twin Cities Shows Increase in Rentals
Jul 26 2021 // A new study found that between 2005 and 2020, the percentage of single family rentals increased by over 10% in North Minneapolis, Southeast Como and parts of St. Paul, with Southeast Como’s rentals changing due, in...
Study: Many Texas Households Lack Homeowner’s Insurance
Jul 26 2021 // A study conducted the Texas Real Estate Research Center at Texas A&M University following winter storm Uri revealed a widespread lack of homeowners insurance in the state. The study shows households that are...
Hippo Enters Commercial Insurance Market With Homeowners Association Product
Jul 23 2021 // Home insurtech Hippo is jumping into the commercial insurance market. The California-based managing general agency startup said its expansion will focus on “targeted commercial insurance” customers. Its first...
Louisiana to GeoVera: Cease Homeowners Policy Non-Renewals
Jul 19 2021 // Louisiana Insurance Commissioner Jim Donelon in early July ordered GeoVera Specialty Insurance Co. to stop non-renewing Louisiana homeowners policies in violation of state law. In a cease and desist order, Donelon told the...
Pandemic Part of a Perfect Storm for Insurers, Homeowners Bracing for Bad Wildfire Season
Jul 14 2021 // A perfect storm appears to brewing for homeowners and property insurers in the drought-plagued, wildfire-riddled U.S. West – and as odd as it may sound, the trouble may have begun with the pandemic. Property insurance...
Openly’s Homeowners Insurance Now Available in Oklahoma
Jul 14 2021 // The Boston-based homeowners insurance platform, Openly, is now available for homeowners and independent insurance agents in Oklahoma. Independent insurance agents in Oklahoma can now access Openly’s premium,...
Lloyds Bank Fined $125M for Inaccurate Communications over Home Insurance Renewals
Jul 9 2021 // Lloyds Banking Group Plc’s insurance unit was fined 90.7 million pounds ($125 million) by the UK Financial Conduct Authority for failing to make sure language in millions of home insurance policies was clear. The FCA...
Obsidian Acquires Western Home Insurance in California
Jul 9 2021 // Obsidian Insurance Holdings Inc. has acquired Western Home Insurance Co. from Western National Mutual Insurance Co. The acquisition supports the company’s growth plans and together with Obsidian’s existing...
California’s Coming Wildfire Season Points to Potential Non-Renewals Ahead for Homeowners
Jul 6 2021 // By all accounts the California wildfire season continues to shape up to be a bad one, and another catastrophe modeling firm has reported sales of their products picking up due in part to carriers and reinsurers looking for...
Louisiana Orders Insurer to Halt Non-Renewing Homeowners Policies after 2020 Hurricane Season
Jul 6 2021 // Louisiana Insurance Commissioner Jim Donelon has ordered GeoVera Specialty Insurance Co. to stop non-renewing Louisiana homeowners policies in violation of state law. In a cease and desist order issued last week, Donelon...
More Homeowners Claims Equal Higher Insurance Prices in Missouri
Jul 5 2021 // Severe weather trends causing an increase in claims are impacting the price of homeowners insurance in Missouri, regulators say. A recent report, Missouri Homeowners Insurance — Premium & Losses, by the Missouri...
AXA Partners with Hong Kong Broadband Network to Offer Homeowners Insurance
Jun 22 2021 // Hong Kong Broadband Network Ltd. (HKBN) is now offering customers an “All-in-One Home Kit,” complete with fiber broadband service and home insurance from AXA Hong Kong and Macau (AXA). The kit also has a home...
