Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
News Currents
Aug 7 2006 // Companies step up to take Texas Select policyholders Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the...
Fighting future losses in the midst of fire season
Aug 7 2006 // With 68,775 blazes already this year, the 2006 wildfire season is well on its way to becoming the worst in 10 years, according to the National Interagency Fire Center (NIFC). Its data shows 5.03 million acres have burned,...
Hawaii obtains reinsurance to take control of Vesta subsidiary
Aug 7 2006 // News Currents Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as...
GeoVera Offers Homeowners Coverage to Texas Select Policyholders
Aug 4 2006 // Fairfield, Calif.-based GeoVera Holdings Inc., which entered the Texas homeowners market in April 2006, announced they are actively working with Texas producers to secure replacement coverage for policyholders insured with...
State-run Insurer Could Cover Dropped Allstate Policies in La.
Aug 4 2006 // Louisiana Citizens Property Insurance Corp., Louisiana’s state-run insurance company, could provide wind damage coverage for about 30,000 homeowners along the coast if Allstate Insurance Co. drops that coverage,...
USAA Insurance Seeks Approval for 22 Percent Rate Decrease
Aug 4 2006 // California Insurance Commissioner John Garamendi has issued a statement announcing his intention to review and consider approval of an average 22 percent decrease in homeowners insurance rates for policyholders of United...
Allstate Seeks Options for South La. Homeowners Policies
Aug 2 2006 // Allstate Insurance Co. has no immediate plan to drop wind coverage for homeowners in 18 coastal parishes, but the insurer wants to find new ways to offset potential losses if more hurricanes trigger big claims in south...
Mass. Fair Plan Refiles for 12.4% Home Rate Hike; 25% on Cape
Aug 2 2006 // The Massachusetts Property Insurance Underwriting Association (the Fair Plan) has submitted a rate recommendation revised downward slightly from what the state disapproved on June 30. For all homeowners forms, the residual...
Texas Agent Group Launches Homeowners Market Web Page
Aug 1 2006 // TIP/PIA Texas announced it has set up a special Web page providing information on homeowner markets, in an effort to help with possible solutions in light of the recent problems with Texas Select. This is not an...
Fla. Gov. Bush Eyes State Pool for Commercial Lines
Jul 30 2006 // Florida Gov. Jeb Bush is considering a state-run reinsurance pool or joint underwriting pool to help businesses that can’t get policies from private insurers, saying that if companies can’t get coverage, it...
Miss. Approves 90% Increase in Wind Pool Rates for Homeowners
Jul 30 2006 // Mississippi Insurance Commissioner George Dale on Friday approved a 90 percent rate increase for homeowner policies provided by the Mississippi Windstorm Underwriting Association. The association, commonly known as the...
Commissioner Calls on Allstate CEO to Discuss Plan to Shed La. Coverage
Jul 26 2006 // Louisiana Commissioner of Insurance Jim Donelon announced he has requested a meeting with Allstate Insurance Company CEO Edward Liddy after failed attempts by company officials to convince the Commissioner of the...
R.I. Offers Loans to Tiverton Homeowners with Contaminated Land
Jul 25 2006 // Rhode Islanders whose homes are contaminated with toxic waste can now apply for low-interest loans from the state government under a bill signed by Gov. Don Carcieri. The signing ceremony was held in a Tiverton...
Miss. housing grants increased by 35 percent
Jul 24 2006 // Mississippi has increased by 35 percent insurance values used in calculating homeowner grant amounts to compensate for higher post-Katrina construction costs. According to Scott Hamilton, spokesman for the Mississippi...
Flooding in Pennsylvania destroys 518 homes
Jul 24 2006 // The floodwaters that inundated parts of Pennsylvania last month destroyed at least 518 homes and affected another 7,100 homes and businesses, according to the Pennsylvania Emergency Management Agency. The preliminary...
Miss. housing grants increased by 35 percent
Jul 24 2006 // Mississippi has increased by 35 percent insurance values used in calculating homeowner grant amounts to compensate for higher post-Katrina construction costs. According to Scott Hamilton, spokesman for the Mississippi...
Sen. Smith unveils ‘comprehensive plan’ to fix Florida’s insurance woes
Jul 24 2006 // Unless the state adopts a comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida insurance market and leave millions of Floridians without affordable and reliable...
Mass. Fair Plan plays catch-up on reinsurance, rates
Jul 24 2006 // The biggest increases are in store for coastal Cape Cod, where the Fair Plan has become the leading property insurer rather than the insurer of last resort as intended. News Currents Last summer when the Massachusetts Fair...
P/C market takes hold of rapidly developing identity theft solutions
Jul 24 2006 // In today’s marketplace insurers are moving towards a case-managed, victim advocacy approach with far less emphasis placed on the restoration of expense reimbursements. Identity-related fraud is a virulent crime, with...
Going after unpaid claims
Jul 24 2006 // Louisiana Recovery Authority is considering going after insurance companies on behalf of homeowners who are having trouble with claims on their storm-damaged homes. According to the Associated Press, Louisiana’s...
