Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
N.O. Jury may Consider Whether Katrina Claim was Misrepresented
Apr 16 2007 // Jurors may consider whether a Slidell couple misrepresented part of their claim, possibly voiding the whole homeowner policy, when they decide Louisiana’s second Hurricane Katrina insurance trial against Allstate...
Military Insurer USAA Restricts New Business in Florida
Apr 13 2007 // Effective immediately, military personnel insurer USAA said it will “significantly restrict” the number of new homeowner, fire, and renter insurance policies it sells in Florida. USAA will only sell new...
Wind or Water? Victims Got Conflicting Info on What Caused Damage
Apr 13 2007 // A man who sued Allstate Insurance Co. after losing his home to Hurricane Katrina lashed out April 11 at the insurance industry’s position that damage from a hurricane’s storm surge is excluded from homeowner...
Lawyers: E-mails Help Them Prove Homeowners’ Katrina Cases
Apr 12 2007 // E-mails sent by officials of an engineering firm that assessed Hurricane Katrina claims suggest that State Farm Insurance Co. wanted engineers to blame damage on flooding so that it could make minimum settlements with...
Industry to Congress: Private Market Is the Best Solution on Natural Disasters, But Some Say Federal Help Needed
Apr 11 2007 // The private insurance marketplace, not the federal government, is the best vehicle to address coastal insurance issues and natural disasters in the U.S., according to insurers. Even so, the federal government can play a...
Jury Selection Begins in La. Hurricane Lawsuit Against Allstate
Apr 10 2007 // After Hurricane Katrina demolished Robert and Merryl Weiss’ New Orleans-area home, they were paid hundred of thousands of dollars by their insurance company. But they say it isn’t enough. Jury selection began...
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...
