Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
LIRC says Citizens can raise rates
Jan 29 2007 // Louisiana’s state-run insurer won approval for big rate increases on Jan. 17, 2007, meaning double- and triple-digit hikes in insurance costs for homeowners and businesses along the coast. The increases for Citizens...
Remapping California flood zones might spur wave of policy sales
Jan 29 2007 // Homeowners who witnessed the devastation wrought by Hurricane Katrina seem to have boosted flood insurance sales dramatically in 2006, and federal government actions also might force others to purchase flood coverage, as...
Homeowners win key water v. wind Katrina claims case against State Farm
Jan 28 2007 // In a Hurricane Katrina claims decision watched closely by the insurance industry, a federal judge in Mississippi ruled that State Farm failed to properly settle a claim involving both wind and water damage from Hurricane...
News Currents
Jan 28 2007 // R.I. lawmakers study ways to assist coastal homeowners A group of Rhode Island legislators examining insurance companies’ recent changes to homeowners’ policies for coastal areas met recently at the University...
There’s lot insurers do not like in Florida’s property insurance fix
Jan 28 2007 // Legislators rolled up their sleeves, ripped off their ties and unbuttoned their collars as a special legislative session on property insurance came to a head in Florida. After six days of conferring, negotiating and...
LIRC says Citizens can raise rates
Jan 28 2007 // Louisiana’s state-run insurer won approval for big rate increases on Jan. 17, 2007, meaning double- and triple-digit hikes in insurance costs for homeowners and businesses along the coast. The increases for Citizens...
State Farm Storm Surge Settlement Could Scare Insurers from Mississippi Market
Jan 26 2007 // A landmark legal settlement with State Farm Fire & Casualty Co. promises to jump-start the rebuilding process for thousands of Mississippi homeowners devastated by Hurricane Katrina, but critics warn the deal could...
Fla. Insurance Bill On Gov. Crist’s Desk Comes with Risks
Jan 24 2007 // The Florida Legislature on Monday overwhelmingly passed a bill members hope will lower Floridians’ skyrocketing property insurance rates and sent the measure to Gov. Charlie Crist, who has demanded meaningful relief...
Miss. Commissioner Sets Hearing for Consumer Bill of Rights
Jan 23 2007 // Mississippi Commissioner of Insurance George Dale twill hold a public hearing for the his proposed regulation regarding a homeowner insurance policyholder bill of rights. The hearing will be held at 9 a.m. on Friday,...
La. Insurance Regulators, Already Weakened, Face Extinction
Jan 23 2007 // Of all the obscure parts of state government, the Louisiana Insurance Rating Commission is among the most ignored and misunderstood. And the panel may now be in its death throes. The commissioners ostensibly have power to...
Fla. Mortgage Lenders Unlikely to Back Homes Without Wind Coverage
Jan 22 2007 // Florida homeowners might want to go without wind coverage, and may decide on a higher deductible in return for lower rates, but mortgage companies could keep these options from producing what the Florida Legislature wants:...
Blanco Administration Admits Error in La. Insurance Rebate Letters
Jan 22 2007 // The Blanco administration mailed 1.8 million letters to Louisiana homeowners with incorrect information about credits for post-Katrina surcharges on their property insurance policies, a Blanco aide said. Taxpayers reported...
La.’s Citizens Gets OK to Raise Rates
Jan 19 2007 // Louisiana’s state-run insurer won approval for big rate increases on Jan. 17, meaning double- and triple-digit hikes in insurance costs for homeowners and businesses along the coast. The increases for Citizens...
Fla. House and Senate Expected to Meet Through Weekend to Merge Bills
Jan 19 2007 // Laboring to comply with Gov. Charlie Crist’s call for lowering Florida insurance costs by at least 25 percent during a quick, seven-day special session, both the House and Senate have passed bills promising to do...
Fla. Day 2: Senate Passes 25% Rate Cut; Citizens Would Enter Commercial
Jan 18 2007 // Two days into a special legislative session, after debating 20 amendments, the Florida Senate voted to pass Senate Bill 4-A, a measure which promises an average 25 percent premium cut to homeowners and lets Citizens...
Ill. Developer Plans to Build 11 Homes on Segal’s Estate
Jan 17 2007 // A developer’s preliminary plans for jailed insurance executive Michael Segal’s estate include building 11 new residences and turning the coach house into two homes. Lincolnshire, Ill.-based Orren Pickell...
Key Federal Katrina Ruling Favoring Homeowners Surprises Industry
Jan 12 2007 // In a Hurricane Katrina claims decision that surprised the insurance industry, a federal judge ruled that State Farm did not provide sufficient evidence to prove what damage to a Mississippi family’s house was caused...
Arrowhead Offers Homeowners (HO3) Market in Arizona, Washington
Jan 11 2007 // Arrowhead General Insurance Agency, San Diego, is offering a homeowners (HO3) market in Arizona and Washington. Coverage is being provided by an admitted “A” rated carrier. Policy limits include maximum...
Sales of Federal Flood Insurance Policies Rose 13% in 2006
Jan 8 2007 // Sales of federal flood insurance rose sharply across the country last year after homeowners witnessed the devastation wrought by Hurricane Katrina and realized that typical insurance policies didn’t cover many...
Travelers Scales Back Decision on Renewing Commercial Polices in N.O.
Jan 8 2007 // St. Paul Travelers is scaling back plans to stop renewing most of its commercial policies in the New Orleans area this year, a decision that is “very good news” for businesses here after the 2005 hurricanes,...
