Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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,...
La. judge: Insurers liable for water
Jan 8 2007 // Even though a homeowner’s insurance policy said floods were not covered, leaving that statement out of the application left the company liable for damages to a house destroyed by Hurricane Rita’s winds and...
La. judge: Insurers liable for water
Jan 7 2007 // Even though a homeowner’s insurance policy said floods were not covered, leaving that statement out of the application left the company liable for damages to a house destroyed by Hurricane Rita’s winds and...
Tulsa Zoo to Exhibit Disaster-Resistant Homes for Future
Jan 5 2007 // The Tulsa Zoo will soon showcase an exhibit featuring a prototype for environmentally friendly and disaster-proof homes of the future. State Farm Insurance and American Electric Power-Public Service Company of Oklahoma...
House Reps. Introduce National Catastrophe Insurance Proposal
Jan 5 2007 // U.S. Representatives Ginny Brown-Waite (FL) and Vern Buchanan (FL) today introduced the Homeowners’ Insurance Protection Act of 2007, a comprehensive catastrophic insurance bill that would establish a federal...
State Farm Drops Auto, Homeowners Rates Nearly $500 Million in Calif.
Jan 4 2007 // State Farm and California Insurance Commissioner John Garamendi announced that the company’s nearly 3 million auto and 1.4 million homeowners, renters and condo owners in California will see about $500 million in...
After Katrina, Congress Still Keeps Extending Flood Insurance
Dec 28 2006 // The federal flood insurance program may be going broke after incurring $20 billion in debt from recent storms like Hurricane Katrina. But that hasn’t stopped politicians from trying to extend the taxpayer-subsidized...
Despite ‘uneventful’ year, there was no escaping catastrophes in 2006
Dec 25 2006 // It was difficult to get away from natural catastrophes in 2006, even though the year was relatively unscathed by those types of events. Back-to-back 2005 Hurricanes Katrina and Rita continued to wreak havoc on insurance...
2006: Soft market offers up many new insurance products
Dec 25 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...
State liquor store, homeowner blamed in N.H. drunk driving death
Dec 25 2006 // The family of a New Hampshire man killed in a drunken driving crash two years ago is suing the state Liquor Commission and the woman who owns the home where his friends were drinking. Randy Holmes, 24, was a passenger in a...
Insurers, agents worry Conn. coastal rules could make matters worse
Dec 25 2006 // Insurers aren’t happy and agents are worried about new restrictions on coastal property underwriting being imposed by Connecticut Insurance Commissioner Susan Cogswell in a reversal of her previous policy. They warn...
Insurance issues have been key in Southeast’s ongoing recovery
Dec 25 2006 // While Mother Nature was nicer to the Southeast and the insurance industry in 2006 than she was in 2005, her potential for destruction was never far from the minds of those living and rebuilding in the Southeast. Insurance...
State liquor store, homeowner blamed in N.H. drunk driving death
Dec 24 2006 // The family of a New Hampshire man killed in a drunken driving crash two years ago is suing the state Liquor Commission and the woman who owns the home where his friends were drinking. Randy Holmes, 24, was a passenger in a...
Top 10 Stories of the Year – South Central
Dec 24 2006 // It was difficult to get away from natural catastrophes in 2006, even though the year was relatively unscathed by those types of events. Back-to-back 2005 Hurricanes Katrina and Rita continued to wreak havoc on insurance...
