Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
North Carolina Agrees to 4% Home Insurance Rate Hike
Dec 18 2008 // North Carolina Insurance Commissioner Jim Long today signed a settlement agreement with homeowners insurance companies allowing an overall statewide average increase of 4.05 percent in rates beginning May 1. This is below...
TWFG Offers to Replace Coverage for Customers of Failed Texas Insurer
Dec 16 2008 // The Woodlands Financial Group (TWFG) announced that TWFG will offer replacement coverage for the homeowners business of Austin Indemnity Lloyds Insurance Company, effective Jan. 29, 2009. TWFG General Agency, a subsidiary...
Ohio Says Homeowners-Turned-Renters Need Coverage
Dec 16 2008 // The economy is turning more homeowners into renters, and the Ohio Department of Insurance wants them to remember to protect their possessions. Insurance director Mary Jo Hudson says not buying renter’s insurance may...
Oklahoma Lawmaker Selling Interest in Nursing Homes
Dec 15 2008 // State Rep. Doug Cox of Grove, Okla., who in the last legislative session blocked passage of measure that would have required nursing homes to carry a minimum of $250,000 in liability insurance, says he’s selling his...
Mississippi Katrina Suit Challenges Funds for Port Instead of Homes
Dec 12 2008 // Housing advocates and low-income residents sued this week to stop Mississippi from spending a half-billion federal dollars to expand a damaged port rather than replace homes destroyed by Hurricane Katrina. The Mississippi...
Encompass Insurance Stops Writing North Carolina Home Insurance
Dec 10 2008 // An insurance company linked to Allstate says it won’t write new homeowner and dwelling fire policies in North Carolina over concerns about a state-sanctioned program for coastal insurance. Encompass Insurance told...
Plane Crashes in California, Burns Two Homes
Dec 9 2008 // An airplane that was scheduled to land at the Marine Corps Air Station Miramar in San Diego crashed on Monday, Dec. 8, killing at least three people and destroying two homes. According to local news reports, the pilot...
North Carolina Insurers Seeks 19.5% Statewide Home Insurance Rate Hike
Dec 5 2008 // North Carolina homeowners insurers are seeking an average 19.5 percent statewide rate hike which, if approved, would be the first rate hike since 2006. The proposal, being finalized this week by the North Carolina Rate...
D.C. Warns Homeowners to Check on Insurance If Renting for Inauguration
Dec 5 2008 // District of Columbia Insurance Commissioner Thomas E. Hampton of is warning residents wanting to cash in on the Presidential Inauguration festivities by renting their homes, that they may not have full insurance...
Insurers Urge Surcharges, Reforms to Fix North Carolina Beach Plan
Dec 3 2008 // Property/casualty insurers are urging North Carolina officials to impose surcharges on policies in the state’s residual market property insurer, the Beach Plan, and take other financing and mitigation steps to...
Obama Inauguration May Raise Insurance, Legal Issues for Enterprising Homeowners
Dec 2 2008 // The days leading up to the inauguration of Barack Obama could be an economic windfall for residential property owners in and around D.C. Washington Post staff writer David Nakamura reports that droves of people are looking...
AIG Offers First Takaful Homeowners Insurance Product for U.S.
Dec 2 2008 // Risk Specialists Companies, Inc. (RSC), a subsidiary of AIG Commercial Insurance, is introducing what it says is a first in the U.S.: a homeowners insurance product that is compliant with key Islamic finance tenets and...
Louisiana Revises Online Auto, Homeowners Comparison Rate Guides
Dec 2 2008 // Louisiana Commissioner of Insurance Jim Donelon announced revised 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...
Lower Las Cruces Flood Rating Helps Homeowners
Dec 2 2008 // Las Cruces, N.M., homeowners should save money on insurance now that the city’s flood rating has improved because of its efforts to mitigate the potential for flooding. City administrators learned from the Federal...
California Wildfires May Take Longer to Settle
Nov 30 2008 // Industry analysts are predicting insured losses from the Freeway Complex, Sayre and Tea Fires that burned Southern California in mid-November will range from $600 million to $800 million. Comparatively, those losses are...
Time to Sue
Nov 30 2008 // Contractual Limitations Provisions in Insurance Policies: What Every Agent and Broker Needs to Know Generally, the statute of limitations for the breach of an oral agreement is four years. However, a shorter period is...
New York Warns Insurers about Some Homeowners’ Cancellations
Nov 30 2008 // New York’s Department of Insurance has this advice for insurers in the Empire State: Stop canceling homeowners’ policies simply because a house in unoccupied. That announcement came in the form a circular...
State Farm, Farmers To Increase Homeowners Insurance Rates
Nov 24 2008 // California Insurance Commissioner Steve Poizner has approved homeowners insurance rate increases for State Farm and Farmers, increasing premiums by a combined $115 million. State Farm customers will soon face an average...
Massachusetts AG Wants Hearing on Insurance Company’s Auto Rates
Nov 21 2008 // Massachusetts Attorney General Martha Coakley has asked the Division of Insurance to initiate an administrative rate proceeding to review the new auto insurance rates of Premier Insurance Co., a subsidiary of Travelers...
New York Warns Insurers about Some Homeowners’ Cancellations
Nov 20 2008 // New York Department of Insurance has this advice for insurers in the Empire State: Stop canceling homeowners’ policies simply because a house in unoccupied. That announcement came in the form a circular letter...
