Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Union General Offers Homeowners Associations Coverage
Jun 1 2008 // Union General of Concord, Calif., has an “A+” rated carrier offering coverage for common area exposure for homeowners associations. Pricing is on a per unit basis. Limits up to $2 million occurrence/$3 million...
Mass. FAIR Plan Home Insurer Won’t Appeal Rate Denial
May 29 2008 // Massachusetts’ insurer of last resort won’t immediately seek a steep premium increase, saving money for 150,000 customers. The decision by the FAIR Plan comes after Insurance Commissioner Nonnie Burnes rejected...
Fla. Gov. Signs Law Extending Citizens Rate Freeze; Nixes Private Incentive
May 29 2008 // Gov. Charlie Crist has signed homeowners insurance legislation in Florida that extends for another year a rate freeze for the 1.2 million customers of state-backed Citizens Insurance whose premiums in some cases are...
Rate Dispute Between State Farm and Texas Regulators Continues
May 27 2008 // State Farm Insurance does not have to refund consumers some $650 million in alleged overcharges while its dispute with Texas regulators over homeowner rates is reviewed. A state appeals court has ruled the insurer was...
Chubb Offers California Homeowners Extended Replacement Cost Settlement
May 27 2008 // Chubb is offering California homeowners extended replacement cost settlement after a total loss to a home, even if the customer chooses not to rebuild at their home’s original site. After a total loss to a home, the...
100s of Georgia Homeowners Begin Clean-up, Gov. Declares Disaster
May 23 2008 // Cherokee County, Georgia began cleaning up from a tornado and hailstorm that damaged hundreds of homes in the county, and Gov. Sonny Perdue declared a state of emergency to allow state resources to be used in the...
Chubb Offers Unlimited Replacement Coverage to Texas Homeowners
May 22 2008 // The Chubb Group of Insurance Companies announced it has broadened its homeowners coverage in Texas by introducing unlimited extended replacement cost coverage. In the event of a total covered loss, Chubb can pay to fully...
Minnesota Governor Signs Flood Insurance Disclosure Bill
May 20 2008 // Minnesota Gov. Tim Pawlenty signed a bill on May 14th that requires insurance companies and agents to notify homeowners annually if their insurance policies do not include flood coverage. The required notice will say the...
Mass. Nixes 13% FAIR Plan Rate Hike
May 19 2008 // Massachusetts insurance officials have blocked a 13.2 percent statewide rate hike by the state’s residual market home insurer. The decision by Insurance Commissioner Nonnie S. Burnes spares some 150,000 coastal and...
Alabama Opens Coastal Home Insurance Market to Captive Insurers
May 19 2008 // The Alabama Legislature has passed a bill that will allow captive insurance companies to sell residential insurance along the Alabama coast. The House and Senate voted without dissent to give final approval to changes in...
Allstate to Begin Homeowners Rate Reductions, Refunds in Texas
May 19 2008 // As a result of an agreement reached by the Texas Department of Insurance, the Office of Public Insurance Counsel and Allstate Texas Lloyd’s, the company will soon begin reducing its homeowners rates and provide...
Michigan Nixes Rate Hike Request from Insurer of Last Resort
May 19 2008 // Michigan’s Office of Financial and Insurance Regulation (OFIR) Commissioner Ken Ross recently issued an order disapproving a rate filing for Michigan Basic Property and Insurance Association (Michigan Basic), the...
Florida Home Mitigation Grant Program Nears 35,000 Recipients
May 14 2008 // The My Safe Florida Home program is projecting it will exceed the Florida Legislature’s goal of approving 35,000 homeowners for grants by the end of May, according to Florida Chief Financial Officer Alex Sink . The...
Fla.’s PURE Expands into South Carolina’s High Value Homes Market
May 13 2008 // Florida-based Privilege Underwriters Reciprocal Exchange expanded into South Carolina, according to its president and chief executive officer. PURE CEO Ross Buchmueller said the program is dedicated exclusively to serving...
Alaska Authorities Detonate Explosives, 2 Homes Slightly Damaged
May 13 2008 // Alaska State Troopers say two homes in the Matanuska-Susitna Borough were damaged when explosive material found in a storage unit was removed and detonated. The explosive material was found May 9 at McGhans’ Storage...
Texas, Allstate Reach Agreement on Homeowners Reductions, Refunds
May 12 2008 // The Texas Department of Insurance (TDI), the Office of Public Insurance Counsel (OPIC) and Allstate Texas Lloyd’s (Allstate) have reached agreement to settle all outstanding litigation with respect to homeowners...
Argo Group Offers Hurricane Insurance in Hawaii
May 12 2008 // Hawaii Insurance Commissioner J.P. Schmidt announced the formation of a partnership between Argo Group US and First Insurance Company of Hawai’i (FICOH). The new joint venture will offer hurricane insurance to First...
U.S. Tornadoes Take at Least 21 Lives, Destroy Homes, Power Lines
May 12 2008 // Tornadoes killed at least 21 people and injured hundreds as they ripped through the central and southeastern United States over the weekend, destroying homes, overturning cars and downing trees and power lines. Authorities...
Mt. Washington Expands Home Insurance Choices in N.H.
May 9 2008 // Mt. Washington Assurance Corp. introduced its newest home insurance program in New Hampshire this week in a series of meetings with independent insurance agents who represent the company for home and auto insurance. The...
Louisiana House Panel OKs Hike in Car Insurance Minimum
May 9 2008 // In a move that insurers say could lead to Louisiana having the highest auto insurance liability rates in the nation, a House of Representatives committee has approved HB 1312, which would raise the minimum insurance...
