Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Allied American Underwriters Launches High Value Home Insurance Program
Jul 7 2008 // Allied American Underwriters (AAU), a national program manager headquartered in Tampa, Fla., has introduced a high value homeowners program that is available on a national basis. The program’s values start at...
National Insurer Wants to Include Flood Coverage in Home Policies
Jul 7 2008 // One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid...
Floridians Flock to Free Wind Inspections
Jul 7 2008 // More than 365,000 Florida homeowners have signed up for free wind inspections through the My Safe Florida Home program, only 35,000 inspections shy of the Florida Legislature’s goal of 400,000 by June 2009. The...
So Far, So Good
Jul 7 2008 // The Midwest is recovering from what may be some of the worst flooding in recorded history, but Texas and the Oklahoma Panhandle are suffering from drought. After a wild and wooly winter and spring, Arkansas seems to have...
Lightning Strikes
Jul 7 2008 // Lighting has ignited thousands of fires in Northern California in the past month, burning more than 400,000 acres and threatening more than 10,000 buildings across the region. Among the largest fire still burning is the...
Fireman’s Fund To Reduce California Homeowners’ Premiums 17.9%
Jul 2 2008 // California Insurance Commissioner Steve Poizner has approved a 17.9 percent reduction in insurance premiums for Fireman’s Fund California homeowners. This reduction will bring a total of $30 million in savings to...
New York Governor Signs Flex-Rating and NYPIUA Bill
Jul 2 2008 // New York Governor David Paterson has signed into law industry-sought legislation that brings back flex rating for auto insurance and makes permanent New York’s homeowners insurer of last resort. The flex-rating...
Mississippi Supreme Court Won’t Hear Funeral Home Owner’s Appeal
Jul 1 2008 // The Mississippi Supreme Court refused to hear an appeal of the embezzlement convictions of the former owners of Salts Funeral Home in Booneville, Miss. A Lee County jury in 2005 convicted Michael I. Salts and Alice Marie...
Iowa Homeowners with Flood Damage May Lack Funds for Repairs
Jul 1 2008 // Experts believe that many of Iowa’s flood-damaged homes could be repaired , if their owners can find the cash. Record flooding this month ravaged thousands of Iowa homes, leaving behind mud and debris. Most of the...
Fireman’s Fund Lowering Homeowners Rates in California 17.9 Percent
Jun 27 2008 // Fireman’s Fund is lowering its premiums by 17.9 percent for California homeowners, following an order issued by California Insurance Commissioner Steve Poizner . The savings, which are estimated to amount to $35.1...
Nationwide Insurance Pushes to Include Flood Coverage in Home Policies
Jun 27 2008 // One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid...
Judge’s Ruling Clears Way for Insurance Settlements in Louisiana
Jun 26 2008 // A ruling by a federal judge in New Orleans has cleared the way for thousands of Louisiana Road Home applicants to settle claims against their insurance companies, a lawyer for hundreds of homeowners said. An order issued...
RMS Says One in Four UK Homes at Risk from Floods
Jun 25 2008 // According to Risk Management Solutions as many as one in four homes in the UK is at risk of flooding caused by excessive rainfall and overflowing rivers. RMS conducted a “spatial analysis of British properties...
Strengths and Weaknesses, Part 1: What Agents Think of Regional, National P/C Insurers
Jun 25 2008 // Regional carriers rate better in underwriting experience, relationships and stability as well as in customer service and agency relations than their national competitors in the view of independent agents. Regional insurers...
ICW Offers DIC Program for Condo & Homeowner’s Associations
Jun 25 2008 // San Diego-based ICW Group, a group of insurers, announced a new program homeowner’s associations and multi-family condos that provides expanded coverage for buildings of wood frame construction built after 1975. The...
Home Insurers Bitten by $350M in Dog Claims; Average Claim Tops $24K
Jun 25 2008 // Man’s best friend is sinking its teeth into homeowners insurance costs. Dog bites now account for one-third of all homeowners insurance liability claims, costing $356.2 million in 2007, up 10.5 percent from the...
Florida Free Wind Inspection Program Nears Goal
Jun 24 2008 // More than 365,000 Florida homeowners have signed up for free wind inspections through the My Safe Florida Home program, only 35,000 inspections shy of the Florida Legislature’s goal of 400,000 by June 2009. The...
Louisiana Named Storm Deductible Bill Sent to Governor
Jun 24 2008 // Insurance companies providing coverage in Louisiana should be allowed to adjust their “named storm” deductibles on homeowner policies depending on properties’ distance from the Gulf of Mexico, according...
Santa Cruz Homeowners Aren’t Protecting Homes from Fires
Jun 23 2008 // Owners of nearly 90 percent of the structures destroyed in last month’s wildfire in the Santa Cruz Mountains did not properly clear flammable brush from the property, state fire officials say. California law requires...
Nursing Homes Battle to Retain Mandatory Arbitration Clauses
Jun 23 2008 // U.S. nursing homes are pushing against an effort in Congress to invalidate arbitration clauses in admissions contracts, a change that would make it easier for residents to sue for shoddy care or wrongdoing. A spokeswoman...
