Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Declarations
Oct 23 2006 // Economic outlook “The challenge for both the Federal Reserve Board and the U.S. economy is that this period of sub-par growth is likely to have little impact on inflation and short-term interest rates.” Gail D....
News Currents
Oct 23 2006 // Fla. gubernatorial candidates offer property insurance proposals If he is elected governor, Democratic gubernatorial candidate Jim Davis says Florida homeowners would see lower property insurance rates as soon as next year...
Miss. looks to speed delivery of Katrina housing grants
Oct 23 2006 // The state of Mississippi is trying to speed up the processing of housing grants to get checks faster to homeowners in Hurricane Katrina damaged areas, according to aides to Gov. Haley Barbour. “(Barbour’s) not...
States have common, and unique, concerns with homeowners coverage
Oct 23 2006 // The homeowners markets in Arkansas, Louisiana, Oklahoma and Texas, while sharing some similarities, all have their own special considerations and concerns. Oklahoma has some of the highest property insurance rates in the...
P/C market takes hold of rapidly developing identity theft solutions
Oct 23 2006 // Identity-related fraud is a virulent crime, with 3.5 times the aggregate losses of all property crimes, such as burglary, larceny and vehicle theft, reported last year. In today’s technology- information-driven...
Poor stepchild HO market about to smarten up
Oct 23 2006 // It’s worth $53 billion a year but the homeowners insurance market is largely unsophisticated and unloved, according to Brian Sullivan, editor of Risk Information Inc., which publishes the Property Insurance Report....
Hurricane risk reduces prospective profit of homeowners insurance
Oct 23 2006 // Increases in homeowners insurance rates have not been sufficient thus far to provide an adequate return on equity on homeowners insurance, making further increases necessary, according to an analysis by Aon Re. With...
Brian Sullivan
Oct 23 2006 // Closer Look: Homeowners Poor stepchild HO market about to smarten up Exclusive interview with personal lines guru Brian Sullivan It’s worth $53 billion a year but the homeowners insurance market is largely...
Pricing plays catch-up with evolving homeowners market
Oct 23 2006 // Many single-family homes today look more and more like grand estates than the simple boxy houses with attached garages that were abundant not so long ago. Homes are much larger and more customized compared to 20 or 30...
Farmers to Double Coastal Rates in La., Lower Premiums in the North
Oct 20 2006 // Louisiana regulators on Oct. 18 approved rate increases for Farmers Insurance Exchange, ensuring that prices for the company’s homeowner policies across coastal Louisiana will nearly double early next year. The...
Delaware Warns Consumers of Coastal Coverage Woes; Ups FAIR Plan Limits
Oct 19 2006 // Delaware Insurance Commissioner Matt Denn warned consumers about some expected restrictions from homeowners insurance companies for coastal area homes, although he said he does not believe they will be as severe as other...
Virginia Offers Consumer Guides with Sample Auto, Home Premiums
Oct 17 2006 // Virginia’s Bureau of Insurance has updated its free auto and homeowners insurance consumer guides and corresponding premium comparison pamphlets. The guides are designed to help consumers understand their insurance...
Fla. Homeowners Call for Insurance Reform
Oct 16 2006 // About 200 homeowners demanded aggressive action to curb Florida’s soaring insurance costs last week at a state meeting on insurance reform. “When your CEOs are making $26 billion a year, we need to make some...
Fla. Gubernatorial Candidates Offer Hurricane Fund Proposals
Oct 12 2006 // If he is elected governor, Florida homeowners would see lower property insurance rates as soon as next year and a guarantee of at least partial coverage by the state, Democratic gubernatorial nominee Jim Davis said this...
Narragansett Bay Assumes R.I. Homeowners Renewals from Hanover
Oct 12 2006 // Narragansett Bay Insurance Co., a member of Pawtucket Insurance Group, has agreed to take over the Rhode Island homeowners insurance business of Hanover Insurance Co. The transaction involves approximately 1,500 Rhode...
Fla. Condo, Home Associations Press Politicians Over Insurance Crisis
Oct 11 2006 // As Floridians prepare to go to the polls in November, nine out of every ten of the state’s property owners living in condos, homeowner and other community associations say Florida’s elected officials are doing...
Hurricane Risk Reduces Prospective Profit of Homeowners Insurance
Oct 11 2006 // Increases in homeowners insurance rates have not been sufficient thus far to provide an adequate return on equity on homeowners insurance, making further increases necessary, according to an analysis by Aon Re, the...
Ala. Coastal Property Owners Facing More Insurer Restrictions
Oct 10 2006 // More insurance cutbacks for Alabama coastal properties — not only for buildings and homes near the beaches — are coming in the wake of 2004 and 2005 hurricanes. Two of the state’s largest insurance firms said...
Hawaii to teach homeowners about hurricane retrofits
Oct 9 2006 // Hawaii’s Department of Commerce and Consumer Affairs’ Insurance Division has created a new Web site: www.hurricaneretrofits.hawaii.gov, which details the State’s Loss Mitigation Grant Program for Hawaii...
Finding a solution to natural disaster insurance
Oct 9 2006 // In 2005, our country faced several devastating and record-setting natural disasters that left the lives of many Americans in ruins, and roiled the insurance marketplace and the nation’s overall economy. Estimates for...
