Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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...
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...
The Commissioners: John Morrison
Mar 26 2007 // Montana fights for uninsured, seeks catastrophe fund and captives The hallmarks of John Morrison’s legacy as Montana State Auditor, the Commissioner of Insurance and Securities, is to help provide more affordable...
Mass. AG Balks as FAIR Plan Seeks 13.6% Hike Statewide, 25% on Cape
Mar 23 2007 // The Massachusetts FAIR Plan has requested a 25 percent homeowners insurance rate increase for Cape Cod residents, part of an overall statewide filing seeking a 13.6 percent average rate increase statewide. The FAIR Plan,...
As Insurance Premiums Soar After Katrina, Some in La. Are ‘Going Bare’
Mar 21 2007 // Disgusted with his insurance company after Hurricane Katrina, the Rev. Simmie Harvey let his New Orleans homeowner policy lapse and left his house in the hands of a higher power. Somebody up there must like the 88-year-old...
Aon Study: Homeowners More Volatile than Private Passenger Auto
Mar 21 2007 // The homeowners insurance line was three times more volatile than private passenger auto druing the 14-year period 1992-2005, due in large part to the active 2004 and 2005 Atlantic hurricane seasons, according to a recent...
Mo. Court Dismisses Homeowners’ Lawsuits Alleging Discrimination
Mar 20 2007 // Attorneys for a group of homeowners said they will continue the fight after a federal judge dismissed their lawsuits charging some of the nation’s largest insurers with discriminating against black neighborhoods. U.S...
Settlement Reached in Miss. Homeowner’s Case Against State Farm
Mar 19 2007 // State Farm Fire and Casualty Co. avoided the court room and possibly days of litigation by settling out of court with a D’Iberville homeowner who sued the company after Hurricane Katrina reduced her house to a...
La.’s Donelon Forges Settlement with Allstate over Cancelled Policies
Mar 19 2007 // Louisiana Commissioner of Insurance Jim Donelon announced that he has reached a favorable settlement for the 4,772 Allstate policyholders in four south Louisiana parishes whose homeowners insurance was cancelled as part of...
La. Lawmakers Support Overhaul of Citizens Insurance Company
Mar 19 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...
La.’s Road Home Program Hits the Road for Katrina Victims
Mar 16 2007 // Louisiana’s Road Home program, criticized by lawmakers for too slowly disbursing grants for homeowners ousted by hurricanes Katrina and Rita, is hitting the road to reach more applicants. The program, which provides...
PSIC Reduces Rates in the California Homeowners Market
Mar 16 2007 // Property and casualty insurer Pacific Specialty Insurance Co. has rate reductions in its suite of residential property products in California. Rates have been reduced 17 percent on preferred homeowners HO-3, 11 percent on...
EPA Allows Demolition of 1,200 Hurricane-Damaged Homes in Miss.
Mar 15 2007 // About 1,200 hurricane-damaged homes in south Mississippi can be torn down under rules that have been extended by the Environmental Protection Agency. The EPA’s No Action Assurance program runs until Sept. 30 for...
Allstate Ordered to Reduce Texas Homeowners Rates; Refund $56M
Mar 14 2007 // The Texas Department of Insurance reported that on March 8, 2007, the Travis County District Court affirmed an earlier order by Texas Insurance Commissioner Mike Geeslin requiring Allstate Texas Lloyds to reduce its...
La.’s Citizens Agrees to Mass Settlement of Hurricane Suits
Mar 12 2007 // Louisiana’s state-run insurer has agreed to a mass settlement with more than 100 policyholders, a deal believed to be the first of its kind in the state since hurricanes Katrina and Rita spawned thousands of...
