Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
South Carolina Awards for Safe Homes Top $1M
Mar 24 2008 // The South Carolina Department of Insurance awarded a fifth round of grants through the state’s Safe Home Grant Program, according to Scott H. Richardson, insurance department director. Richardson, also chairman of...
New York Regulators Urge Homeowners to Buy Flood Insurance
Mar 19 2008 // The Insurance Department of New York is telling property owners they “should act now” to buy flood insurance, as saturated ground conditions could worsen with heavy spring rains and increase the potential for...
Tornadoes Damage 25 Homes in 2 Alabama Counties
Mar 19 2008 // Weather officials in Alabama confirmed that storm damages in Blount and Cherokee counties were caused by two tornadoes. The March 15 tornadoes packing 115 mph winds, caused no injuries or deaths, the National Weather...
68 Homes Destroyed after 15 Weekend Tornadoes Pummel South Carolina
Mar 19 2008 // It took just three seconds for John Simmons and his family to lose their home in one of at least 15 tornadoes that swept across South Carolina last weekend. On March 15, as winds downed trees and ripped the roof off the...
Farmers Files Homeowners Rate Increase in Texas
Mar 18 2008 // Stating it’s the first rate change in two years for its “Texas Family Home Policy,” Farmers Insurance Group, through Texas Farmers Insurance Company, filed a rate increase for the policy with the Texas...
Average Homeowners Policy Rate Comparison is Meaningless
Mar 17 2008 // Despite the insurance industry’s traditional reliance on averages, averages don’t always make sense when comparing premiums. In Texas, as elsewhere, individual premiums are subject to so many variables — from...
Financial Reports Show Texas Insurers Profitable in 2007
Mar 14 2008 // In 2007, Texas insurers recorded one of their most profitable years of the decade, prompting some consumer advocates to call for tougher state regulation on homeowner rates. Financial reports released by the Texas...
Mass. AG Urges State Reject FAIR Plan Home Insurance Hikes
Mar 12 2008 // Massachusetts Attorney General Martha Coakley’s office has filed its final brief recommending that Insurance Commissioner Nonnie Burnes reject the FAIR Plan’s latest proposed homeowners insurance rate...
Declarations
Mar 10 2008 // Halt Non-Renewals “These activities, we strongly believe, are prohibited by the Alabama Trade Practices Law. The law specifically says that inducements not specified in the policy are prohibited.” —Alabama...
Average Homeowners Policy Rate Comparison is Meaningless
Mar 10 2008 // Despite the insurance industry’s traditional reliance on averages, averages don’t always make sense when comparing premiums. In Texas, as elsewhere, individual premiums are subject to so many variables — from...
Policyholders Need to be Educated on Importance of Flood Insurance
Mar 10 2008 // Eroding levees, flood map changes, lack of buyers highlight need for public outreach Levees can also erode and decay over time and require regular maintenance and upkeep to continue to offer the level of protection they...
Are Clients’ Most-Valued Items Falling Into the Gap?
Mar 10 2008 // From beer cans to dollhouses, homeowners’ collectibles need specialty collectors coverage That teenaged friend of yours who treasured his beer can collection may now be a 40-something man with thousands of dollars...
How to Appraise and Insure Historic Homes
Mar 10 2008 // New technology, historical home insurance help to protect treasured properties Many urban and suburban areas are made more distinctive thanks to the historic homes nestled in their neighborhoods. Keeping history alive...
New Yorkers To Get Flood Notices Every Year
Mar 6 2008 // New York lawmakers have decided once is not enough — at least when it comes to telling homeowners that floods will not be covered by a standard homeowners policy. Under legislation signed this week by Gov. Eliot...
Arkansas: Credit Scores Helped Some, Hurt Some
Mar 5 2008 // In a report to state lawmakers, the Arkansas Insurance Department revealed that almost a third of Arkansas homeowners and motor vehicle owners paid less in insurance premiums last year because their credit scores were...
Fla. Mobile Home Insurance Co. Files 72.9% Rate Increase
Mar 4 2008 // Florida-based Foremost Insurance Group of companies filed a 72.9 percent increase on mobile homeowners’ insurance rates, according to the Florida Office of Insurance Regulation. The group’s companies, including...
Miss. Homeowners in Flood Zone May Qualify for Katrina Home Help
Feb 28 2008 // Mississippi officials said Tuesday that homeowners with elevated structures who lived inside the federally designated flood zone when Hurricane Katrina struck in 2005 may still qualify for housing assistance. Jon Mabry,...
Ohio Casualty Offers New Personal Lines Technology Products for Agents
Feb 28 2008 // Ohio Casualty, a Liberty Mutual Agency Markets regional company, recently announced the introduction of its new personal lines product offering in Ohio, including enhanced rating capabilities via Personal IQ, the...
Consumer Groups: Mass. Auto System Unfair to Many Good Drivers
Feb 28 2008 // The new managed competition auto insurance system being implemented in Massachusetts rewards many bad drivers and penalizes many good drivers based on certain supposedly-prohibited social factors, according to the latest...
Calif. Appeals Court Permits Evidence of Nonparty Malpractice
Feb 28 2008 // A California Court of Appeals in the Second Appellate District has held that defendants are entitled to introduce evidence of a nonparty medical professional’s fault in aggravating a plaintiff’s injuries, and...
