Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Porch Group to Acquire Texas MGA/Insurer, Homeowners of America
Mar 8 2021 // The Porch Group, a software platform focused on home services companies, is acquiring Irving, Texas-based managing general agent and insurance carrier, Homeowners of America (HOA). Under a merger agreement, Porch will...
How Home Improvement Projects Impact Homeowners Policies
Mar 8 2021 // Over the past year, the COVID-19 pandemic had us spending more time inside our homes than normal. Staring at the same four walls served as an impetus for many homeowners to take it upon themselves to make upgrades....
Home Insurance Agency Hippo to Go Public in $5B SPAC
Mar 4 2021 // Hippo Enterprises said it will go public through a merger with a blank-check firm, backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a deal that gives the merged entity a pro forma enterprise value of...
Florida’s TypTap Attracts $100M to Expand Nationally in Flood, Homeowners Insurance
Mar 2 2021 // TypTap, a five-year old Florida-based writer of private market homeowners and flood insurance, has attracted $100 million in financing from investment firm Centerbridge Partners. The company plans to use the money to...
Florida Legislature Weighs Options to Address Rising Homeowners Insurance Costs
Feb 24 2021 // Three bills currently working their way through the Florida Legislature are designed to tackle the rising costs of homeowner roof claims, the costs of attorney fees in homeowner’s claims and issues surrounding notice...
Fitch Sees ‘Modest’ Homeowners Insurance Underwriting Loss for 2020
Feb 19 2021 // The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses from natural catastrophes and managing operations amid the global pandemic. However, barring...
ShoreOne Rolls Out Combined Homeowners, Flood Policy in South Carolina
Feb 10 2021 // Massachusetts-based managing general agent ShoreOne created a new coverage for coastal homeowners to address inadequate flood coverage. ShoreOne’s new offering combines traditional homeowners insurance with full...
Homeowners Insurer, Openly, Expands Into Wisconsin
Feb 2 2021 // Openly, based in Boston, is now offering its homeowners insurance products and services in Wisconsin. More than 500 independent agents across the state can now access Openly’s technology that simplifies the...
Newly-Formed K2-Backed Exchange to Offer Coverage for Mobile Homeowners in Florida
Feb 2 2021 // Insurance services holding company K2 Insurance Services and New York based private equity firm Lee Equity Partners have formed American Mobile Insurance Exchange (AMIE), a reciprocal exchange that will seek to insure...
Homeowners Claims, Delays Top Louisiana 2020 Storm Complaints
Jan 22 2021 // The majority of complaint Louisiana insurance regulators have received in relation to the historic 2020 hurricane season concern homeowners insurance. The Louisiana Department of Insurance (LDI) reports that nearly 80...
Berkshire Hathaway GUARD Expands Homeowners Coverage Into Georgia, Utah
Jan 14 2021 // Berkshire Hathaway GUARD Insurance Companies has added Georgia and Utah to the list of states where the insurer offers its homeowners product. With these additions, the company now offers its personal lines products in 22...
Fitch: Florida Homeowners’ Insurers Performance Deterioration Continues
Jan 13 2021 // Florida homeowners’ insurance specialists are reporting continued performance deterioration and a decline in capitalization levels, despite the most severe losses from the record 2020 hurricane season occurring...
First Cap Writing Calif Admitted Dwelling Fire Program as Alternative to FAIR Plan.
Jan 7 2021 // San Diego, CA First Cap Property Insurance Solutions has announced a new admitted Dwelling Fire program for California residential risks. The program is designed to be an alternative to the California FAIR Plan. The new...
Miami Beach Considers Homeowner Grants to Prepare Property for Sea Rise
Dec 29 2020 // Miami Beach is exploring a way to help residents cover the cost of floodproofing their properties from heavy rains and high tides made even higher by sea level rise – at least a little. The city is considering...
Openly, High-End Home Insurance MGA, Secures $40M for National Expansion
Dec 18 2020 // Openly, an insurtech managing general agency for high-end homeowners insurance, raised $40 million of venture capital from multiple investors. The investment will fuel a national expansion, hiring and further technological...
Florida Nursing Homes Will Be First to Receive COVID Vaccine
Dec 8 2020 // Residents in nursing homes and assisted-living facilities will be the first to get a coronavirus vaccine when Florida begins receiving it later this month, Gov. Ron DeSantis said. DeSantis’ priorities, announced in...
Homes Destroyed in Multiple Alaska Mudslides
Dec 4 2020 // Homes are believed to have been destroyed and at least two people are unaccounted for after multiple mudslides in the Alaska community of Haines on Wednesday, authorities said. The largest slide, about 600 feet wide, hit...
Many Californians Being Left Without Homeowners Insurance Due to Wildfire Risk
Dec 4 2020 // Acquiring home insurance has long been a mundane but necessary chore. In California, for hundreds of thousands of residents, it’s turned into a labyrinthine quest that leaves people with expensive, bare-bones...
Health Workers, Nursing Homes Should Get First COVID Vaccines, Says CDC
Dec 2 2020 // A panel of advisers to the U.S. Centers for Disease Control and Prevention (CDC) on Tuesday voted 13 to 1 to recommend that healthcare workers and residents of long-term care facilities should be first in line to receive...
Hippo Gets $350M Investment, Reinsurance Treaty From Mitsui Sumitomo
Nov 25 2020 // Hippo Enterprises, an MGA insurtech focused on homeowners insurance, secured a $350 million capital investment designed to help fuel further growth. A related reinsurance agreement is also part of the deal. Mitsui Sumitomo...
