Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Miss. Couple Weighs Appeal in Katrina Case after Verdict Favors Insurer
Jan 31 2008 // A Mississippi homeowner whose lawsuit over Hurricane Katrina damage ended with a jury verdict that favored his insurance company said Tuesday he has no plans to file an appeal in the case. On Monday, an eight-member jury...
Allstate 4Q Profit Falls 37% as Calif. Wildfire Losses Top $300M
Jan 31 2008 // Hit by an increase in catastrophe losses, Northbrook, Ill.-based insurer Allstate Corp. saw its profit drop by more than 37 percent in the fourth quarter of 2007 compared to the same period in 2006. The fourth quarter net...
Mississippi Jury’s Verdict in Katrina Case Favors Insurance Company
Jan 30 2008 // A federal judge refused to let Mississippi jurors consider punitive damages against an insurance company after they handed down a verdict Monday that favored the insurer in a dispute with policyholders over Hurricane...
ASI Lloyds to Enter Homeowners Marketplace in La.
Jan 30 2008 // ASI Lloyds (ASI), of St. Petersburg, Fla., announced plans to enter the personal property insurance market in Louisiana. ASI was recently a recipient of the Insure Louisiana Incentive program sponsored by the state. ASI...
10 Tips for Mass. Insurance Agents Moving into Competitive Market
Jan 29 2008 // Massachusetts independent agents are facing a challenge to hang onto their whopping 86 percent market share in personal lines as the state embarks upon a new competitive auto insurance system that will bring some of the...
Insurers Oppose Mich. Governor’s Consumer Advocate Proposal
Jan 29 2008 // A proposal by Michigan Governor Jennifer Granholm to create a state automobile and homeowner insurance consumer advocate is being called “unnecessary and duplicative,” by one property/casualty insurance trade...
Homeowner Premium Discounts for Storm Mitigation Coming to La.
Jan 23 2008 // Insurance premium discounts will soon be available to homeowners who install storm mitigation improvement devices or build or retrofit their homes to comply with Louisiana’s Uniform Construction Code, Commissioner of...
Red Cross: 900 Homes in Indiana Damaged by January Flooding
Jan 22 2008 // Flooding in Indiana earlier this month destroyed at least 184 homes and damaged as many as 700 others, the American Red Cross said Friday. The relief agency said more than 100 other homes were still inaccessible because of...
Buried Bombs Could Cause Fla. Homeowners to Lose Insurance
Jan 16 2008 // Hundreds of people who unwittingly bought homes in Orlando, Fla., near a World War II-era bombing range are suing after learning they could lose their insurance. Attorneys for the residents said Lennar Homes and other...
Fla. Senate ‘Invites’ 5 Insurance Co. Execs to Provide Sworn Testimony
Jan 16 2008 // The Florida Senate Select Committee on Property Insurance Accountability sent letters to five property and casualty insurance company executives Tuesday requesting their presence in Tallahassee on Feb. 4 and Feb. 5 to...
MetLife Auto & Home to Expand Texas Homeowners Line, Agency Force
Jan 15 2008 // MetLife Auto & Home plans to introduce a new enhanced homeowners insurance program in the state of Texas, the company announced. Under the MetLife Auto & Home Residential Property Program (RPP), agents can work...
Household Employee Exposure an Opportunity to Go Beyond Typical Sale
Jan 13 2008 // Homeowners may be at risk when employing housekeepers, maids, cooks, babysitters and other domestic employees We want to trust those whom we hire to work in our homes. Who prepare our meals. Clean our treasured...
California Governor To Propose Homeowners, Business Property Insurance Policy Tax
Jan 10 2008 // California Gov. Arnold Schwarzenegger is expected to propose a 1.25 percent tax on homeowners and business property insurance policies when he unveils his state budget today. “The expected proposal will unfairly...
Allstate Pays N.Y. Homeowners $995K for Plane Vibration Damage
Jan 9 2008 // Allstate Insurance Co. has agreed to pay $995,000 to a Brooklyn couple who claimed their house was badly damaged by vibrations caused by an Air France Concorde jet nearly five years ago. The couple, John and Annette...
State Farm Wants Proof of Occupancy for Hurricane-hit Homes in La.
Jan 9 2008 // State Farm is warning that it will cancel homeowner policies for about 6,000 of its customers in south Louisiana if they aren’t able to demonstrate that their storm-damaged homes are occupied and are being...
R.I.’s Narragansett Bay Insurance to Use $200M Funding to Expand in East
Jan 8 2008 // Narragansett Bay Insurance Co. in Rhode Island has sealed a deal to obtain $200 million from three private equity investors. The company said the equity will be used to grow the company’s homeowners business along...
Insurers Win Court Fight over Delaware Home Insurance Renewals
Jan 4 2008 // In a victory for the insurance industry, a Delaware Superior Court has ruled that the state’s insurance regulator overstepped his authority when he prohibited property insurers from refusing to renew a homeowner...
Mass. High Court Upholds 2006 Home Insurance Hike for FAIR Plan
Jan 3 2008 // The Massachusetts Supreme Judicial Court has upheld the 2006 rate increases for the state’s homeowners residual market insurer, the FAIR Plan, against a challenge by the attorney general that the increases violated a...
Top Insurance Stories in 2007 in Southeast
Dec 31 2007 // High heat, changing winds put reputations on the line. 1. Florida’s gamble “It’s all about rates,” maintained Sam Miller, of the industry’s Florida Insurance Council. Florida lawmakers in...
Pa. High Court: Murder Spree is Single Event under Home Insurance Policy
Dec 31 2007 // An insurance company can be required to defend policyholders accused of negligence in the aftermath of a deadly shooting spree conducted by their son, the Pennsylvania Supreme Court has ruled. However, the shooting spree...
