Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Protecting against floods
Jun 4 2007 // Flooding caused by hurricanes and tropical storms can wreak havoc along the Eastern Seaboard and Gulf Coast from June through November. However, that flood risk is not limited to summer and fall months alone, nor to just...
From Cuba to Capitol Hill
Jun 4 2007 // Alex Soto, president of the large InSource agency in Miami, and president of the Independent Insurance Agents & Brokers of America, is not afraid to speak his mind or criticize his own industry. He’s familiar...
Calif. Commissioner could seek Allstate refunds
Jun 4 2007 // California Insurance Commissioner Steve Poizner announced that he will seek refunds for Allstate customers if the Department of Insurance determines that the company’s rates are excessive. In May, the insurer...
Declarations
Jun 4 2007 // Declarations Pay for flood now or later “I would put flood insurance back in the homeowner’s policy maintaining the federal government as the reinsurer … We need to bring more people into the system...
Insurers try to prevent losses in wildfire hotspots
Jun 4 2007 // Spooked by devastating wildfire seasons, the nation’s top insurers are inspecting homes in high-risk areas throughout the West and threatening to cancel coverage if owners don’t clear brush or take other...
R.I. House Members Unveil Bills Curbing Insurers’ Coastal Practices
May 31 2007 // The leaders of a special Rhode Island House commission studying the effects of natural disasters on property insurance costs have introduced legislation they say is aimed at protecting coastal homeowners from...
Deadline to Apply for La.’s Road Home Aid is July 31
May 31 2007 // Louisiana homeowners with damage from hurricanes Katrina and Rita have until July 31 to apply for aid through the state’s Road Home program, officials announced May 29. The program gives out grants of up to $150,000...
Report Claims N.J. Homes at Risk Due to Outdated Flood Maps
May 30 2007 // Outdated maps that don’t take into account years of development are leaving many northern New Jersey residents and builders unaware of actual flooding risks, experts say. Some of the maps of towns along the Ramapo,...
La. Regulators Approve Property Insurance Rate Hikes
May 29 2007 // Louisiana regulators have approved property insurance rate hikes of 16 percent to 51 percent for three small companies, with larger increases for homeowners along the coast. The Louisiana Insurance Rating Commission on May...
Delaware Offers Prices from 53 Homeowners Insurers Online
May 29 2007 // Delaware Insurance Commissioner Matt Denn has unveiled an online homeowner insurance tool that compares rates from 50 insurers and complements an auto insurance rate comparison that has been available since November. Denn...
Plan Meant to Lower La. Citizens Rates Wins Panel’s Approval
May 25 2007 // The Louisiana House of Representatives Insurance Committee approved a plan meant to lower homeowners rates charged by Louisiana’s state-backed insurer, despite warnings that it will backfire and exacerbate the...
Study: Homeowners Could Save $11.6 Billion with Catastrophe Protections
May 24 2007 // American homeowners could save $11.6 billion annually if private funded catastrophe programs were enacted in disaster-prone states and backed by a similar national program, according to Milliman Inc., an actuarial and...
N.C. Company Builds Storm-Resistant Homes on Coast
May 23 2007 // Some Gulf Coast residents are preparing for future hurricane seasons by rebuilding with the help of a North Carolina company that specializes in storm-resistant homes. Security Building Group LLC, a Sneads Ferry, N.C....
Burns & Wilcox Offers Liability Coverage for Homeowners in Calif.
May 23 2007 // Burns & Wilcox has announced that it can now include liability coverage with its homeowners product that offers coverage for short-term rental. Coverage includes personal ownership, limited liabilty companies and...
Figures
May 21 2007 // 37 The number of new homeowners insurance companies entering Texas since 2003, according to the Insurance Council of Texas. In addition, the state has gained 28 new auto insurance providers during that time. The ICT said...
Claims against insurance agents and brokers: Timing is everything
May 21 2007 // Flood policies at heart of many cases against Gulf Coast producers In the aftermath of Hurricanes Katrina and Rita, many insurance agents and brokers in Louisiana and Mississippi and, to some extent, in Texas have found...
Claims against insurance agents and brokers: Timing is everything
May 21 2007 // In the aftermath of Hurricanes Katrina and Rita, many insurance agents and brokers in Louisiana and Mississippi and, to some extent, in Texas have found themselves being sued for allegedly failing to advise their customers...
Allstate to stop writing homeowners in Calif.
May 21 2007 // Allstate has announced that as of July 1, 2007, it will stop offering new homeowners and landlord package polices (LPP) in California. The announcement does not affect existing property insurance customers in...
Insurers Try to Prevent Losses in Wildfire Hotspots
May 21 2007 // Spooked by devastating wildfire seasons, the nation’s top insurers are inspecting homes in high-risk areas throughout the West and threatening to cancel coverage if owners don’t clear brush or take other...
Allstate to stop writing homeowners in Calif.
May 21 2007 // Allstate has announced that as of July 1, 2007, it will stop offering new homeowners and landlord package polices (LPP) in California. The announcement does not affect existing property insurance customers in...
