Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
More than 40% of Coronavirus Deaths in Nebraska at Nursing Homes
Sep 22 2020 // More than 40% of the deaths linked to the coronavirus in Nebraska have been at nursing homes, but the overall rate of deaths in the state’s nursing homes has remained relatively low compared with national figures. A...
California Wildfire Threatening More Than 1,000 Homes
Sep 22 2020 // A wildfire burning through brush and timber from the mountains to the desert northeast of Los Angeles threatened more than 1,000 homes on Tuesday as crews across the West battled dozens of other major blazes. The Bobcat...
UK Seeks to Reform How Motor, Home Insurers Treat Loyal Customers
Sep 22 2020 // The Financial Conduct Authority has set its sights on revamping the UK motor and home insurance marketplace to help customers, especially loyal policyholders, save money. The FCA is proposing reforms of these markets that...
MetLife Looks to Sell P&C Auto and Home Insurance Business: KBW Analysts
Sep 20 2020 // MetLife is pursuing a sale of its property/casualty auto and home insurance business, according to a report by analysts following the company Keefe, Bruyette & Woods (KBW) analysts, Ryan Krueger and Meyer Shields, said...
Moody’s Says Property/Casualty Insurers Face Significant Losses from Western Wildfires
Sep 17 2020 // Dozens of wildfires raging in California, Oregon, Washington and other Western states have resulted in loss of life, damaged or destroyed about 9,657 homes and commercial structures and burned more than 5 million acres,...
California Commissioner Holding Hearing on Homeowners Rates in Wake of Wildfires
Sep 16 2020 // California Insurance Commissioner Ricardo Lara said today that he will convene an investigatory hearing in October in advance of initiating a series of regulatory actions that will protect residents from the increasing...
3 Reasons People Don’t Buy Homeowners’ Insurance
Sep 16 2020 // I recently learned about two separate times when families lost everything when their homes burned. These are tragic losses and thankfully, the only things that were lost were replaceable items. No one got hurt, but they...
The Hanover Targets Home-Based Businesses with New Coverage Suite
Sep 16 2020 // The Hanover Insurance Group, Inc. has launched a suite of coverages designed to protect homeowners who generate income through home-based businesses or short-term rentals of their properties. The Hanover’s new...
Tracking Tool Spotlights Repetitive Flood Loss Homes Receiving U.S. Taxpayer Funds
Sep 15 2020 // Passaic County in New Jersey is not in the hurricane belt nor is it on the banks of a major river, and yet 810 properties there received $170 million of taxpayer money through the National Flood Insurance Program (NFIP)...
Hospitals, Nursing Homes Fail to Separate COVID Patients, Putting Others at Risk
Sep 10 2020 // Nurses at Alta Bates Summit Medical Center were on edge as early as March when patients with COVID-19 began to show up in areas of the hospital that were not set aside to care for them. The Centers for Disease Control and...
North Carolina Homeowners, Businesses Hit by Earthquake Eligible for SBA Loans
Sep 1 2020 // The federal government will begin offering low-interest loans to homeowners and small business owners who were impacted by North Carolina’s earthquake. The Winston-Salem Journal reports that the U.S. Small Business...
Home Insurance MGA Hippo Completes Acquisition of Spinnaker Insurance Co.
Sep 1 2020 // Hippo, an insurtech managing general agent focused on home insurance, has completed its acquisition of Spinnaker Insurance Co., with an expansion into additional states next on its plate. The deal, first announced in June,...
Drones Help Insurance Companies Check Windstorm Damage in Iowa
Aug 31 2020 // Insurance adjusters who descended on Cedar Rapids, Iowa, after the Aug. 10 derecho storm are using drones to check roofs and asking homeowners with less severe damage to take their own photos. Some of this is due to the...
Analysts Warn of Effects of Hurricane Laura Losses on P/C Insurers
Aug 27 2020 // Ratings analysts A.M. Best and Moody’s are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place added stress on...
U.S. to Fine Nursing Homes That Fail to Meet Testing Mandate
Aug 26 2020 // Nursing homes in the United States will now be required to test staff for COVID-19 and offer testing to residents, the Centers for Medicare & Medicaid Services (CMS) said on Tuesday. The new rules also mandate nursing...
Conn. Offers Coverage Guidance Due to Power Outages After Tropical Storm Isaias
Aug 25 2020 // In the aftermath of Tropical Storm Isaias, Connecticut Governor Ned Lamont and Insurance Commissioner Andrew N. Mais are reminding policyholders to review their homeowners insurance policies to understand their coverage...
101 Sales, Marketing & Agency Management Ideas
Aug 24 2020 // 1. Offset Negativity. What can you show your clients that you are doing to help them during the pandemic? Everyone is tired of hearing how all their business income (BI) claims are denied. What are you doing to offset all...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 24 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
California Says Fire Evacuees May Be Eligible for Reimbursement from Insurer
Aug 20 2020 // California residents who have been ordered to evacuate due to the hundreds of wildfires burning across the state my be able to recoup their evacuation costs from their insurance company, the California Department of...
Replacement Cost and the 180-Day Limitation Myth
Aug 19 2020 // What is the best way to launch this article? I don’t know if I should say I’m itching for a fight or if it’s better to say that insurance carriers are misinterpreting coverage forms and I am trying to...
