Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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...
News Currents
Oct 9 2006 // Hawaii to teach homeowners about hurricane retrofits Hawaii’s Department of Commerce and Consumer Affairs’ Insurance Division has created a new Web site: www.hurricaneretrofits.hawaii. gov, which details the...
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...
Miss. Looks to Speed Up Delivery of Katrina Housing Grants
Oct 5 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...
PSIC Launches Homeowners Market in Arizona
Oct 4 2006 // Property and casualty insurer Pacific Specialty Insurance Co., Menlo Park, Calif., is launching a new homeowners program in Arizona. Homeowners (HO-3), renters (HO-4) and unit-owners (HO-6) policies will now be offered,...
Graziano Joins Homeowners of America Insurance as Marketing Rep
Oct 3 2006 // Irving, Texas-based Homeowners of America Insurance Company announced that Joe Graziano has joined the company as a marketing representative. He will concentrate on the North Texas region. Graziano has over thirty...
Citizens’ Rates for Fla. Keys Homes Going Down, Mobile Homes Up
Oct 2 2006 // Florida Insurance Commissioner Kevin McCarty and Citizens Property Insurance Corp. have agreed on property insurance rate changes – including an average 35 percent decrease for homes and a 15.2 percent increase for...
