Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
On shaky ground?
Apr 9 2007 // Two decades since its formation, the West’s only regional catastrophe pool, the California Earthquake Authority, faces financial and management changes that could have significant implications for its future. Those...
News Currents
Apr 9 2007 // Mo. Court dismisses homeowners’ lawsuits alleging discrimination Attorneys for a group of homeowners said they will continue the fight after a federal judge dismissed their lawsuits charging some of the...
On shaky ground?
Apr 9 2007 // Two decades since its formation, the West’s only regional catastrophe pool, the California Earthquake Authority, faces financial and management changes that could have significant implications for its future. Those...
Study: homeowners more volatile than private passenger auto
Apr 9 2007 // The homeowners insurance line was three times more volatile than private passenger auto during the 14-year period 1992-2005, due in large part to the active 2004 and 2005 Atlantic hurricane seasons, according to a recent...
Bipartisan flood insurance ‘modernization’ bill boosts borrowing, maximum limits
Apr 9 2007 // News Currents U.S. Reps. Judy Biggert, R-Ill., and Barney Frank, D-Mass., introduced bipartisan legislation to revamp the National Flood Insurance Program that boosts the program’s borrowing authority to $21.5...
Claremont, Calif.’s $17.5 Million Deal with Homeowners in Wildfire Suit
Apr 5 2007 // Palmer Canyon, Calif., residents who blamed the city for homes burned in the 2003 Grand Prix wildfire have settled their lawsuit for $17.5 million, city officials announced. Homeowners claimed the city failed to properly...
Insurers Support Tax-Free Savings Accounts for Natural Disasters
Apr 5 2007 // Legislation that would allow homeowners to set up tax-free savings accounts for natural disasters would go a long way toward encouraging them to prepare for catastrophes, according to a national insurer group. A proposal...
Maryland Assembly OKs Measure to Shield Agents from Notice Liability
Apr 4 2007 // Maryland insurance agents are applauding the General Assembly for relieving them of liability in the delivery of notices about flood and homeowners insurance. The Senate and House of Delegates unanimously passed companion...
Mitigation Grants Showing up in Florida Mailboxes
Apr 2 2007 // The My Safe Florida Home program mailed 10 mitigation grants totaling almost $30,000 to Florida homeowners from five counties who hardened their homes against hurricanes per the program stipulations, according to...
New Fla. Law to Lower Nationwide’s 54% Homeowners Hike
Apr 2 2007 // An arbitration panel has approved a statewide average increase of 54 percent for homeowners rates that Nationwide Insurance requested last year – but for many policyholders it will likely be much less because of a...
Texas Storms Damage Dozens of Homes
Apr 2 2007 // Thunderstorms hammered parts of Texas early on March 31, blacking out thousands of customers and spinning out tornadoes. The same group of storms sent a twister through a small town west of Waco late on March 30 and caused...
Homeowners Insurance Directory Begins Televised Ads
Mar 29 2007 // InsureMyHouse.com, a national directory of homeowners insurance agents, will be featured in commercials with the Better Business Bureau. Media, PA – InsureMyHouse.com started out two years ago as an insurance...
Hub Partners with Hiscox to Roll Out High Risk Homeowners Policy
Mar 28 2007 // Ciicago-based Hub International Personal Insurance, a division of Hub International Limited , has launched HUBPro, a homeowners’ insurance product designed for people living in areas that have a high risk of...
Insurers Reject Critics Who Say Big Profits Are at Claimants’ Expense
Mar 28 2007 // The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent for the year. St. Paul Travelers’ earnings rose sixfold in the...
Bipartisan Flood Insurance ‘Modernization’ Bill Boosts Borrowing, Maximum Limits
Mar 27 2007 // U.S. Reps. Judy Biggert, R-Ill., and Barney Frank, D-Mass., introduced bipartisan legislation to revamp the National Flood Insurance Program that boosts the program’s borrowing authority to $21.5 billion, increases...
Texas orders homeowners carriers to justify rates
Mar 26 2007 // The Texas Department of Insurance said on Mar. 9, 2007, it will require homeowner insurance carriers to file and justify their current rates in the coming months. The department said 2006 loss ratios, recent changes in the...
La. lawmakers support overhaul of Citizens Insurance Company
Mar 26 2007 // Two Louisiana lawmakers said they support a plan to overhaul the state-backed insurance company by opening much of its business to bidding among private firms. Sen. James David Cain, chairman of the Senate Insurance...
News Currents
Mar 26 2007 // La.’s Donelon forges agreement with Allstate over cancelled policies Louisiana Commissioner of Insurance Jim Donelon reported on March 19, 2007, that he had reached a settlement with Allstate concerning 4,772...
1,200 MISS. HOMES DEMOLISHED
Mar 26 2007 // The federal Environmental Protection Agency has approved more flexible rules that will mean about 1,200 hurricane-damaged homes in south Mississippi can be torn down. The EPA’s No Action Assurance program runs until...
New insurer caters PUREly to Florida’s wealthiest residents
Mar 26 2007 // Florida’s wealthy residents have a new personal lines insurer promising to save them money on premiums. The company will sell property/casualty insurance for high value homes, cars, jewelry, art, and personal excess...
