Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
N.Y. Agents Decry Failure to Make Back-Up Property Insurer Permanent
Jul 7 2006 // The New York State Legislature once again missed an opportunity to help calm a growing homeowners insurance crisis in the downstate region, according to the state’s insurance agents. With insurance companies such as...
Survey Shows Texans 50% Ready for Major Hurricane
Jul 7 2006 // Insured homeowners in Eastern and Southern Coastal Texas have, on average, taken roughly 50 percent of the steps to prepare their homes and property to recover from a major hurricane, according to a new Hurricane Readiness...
Nationwide Requests 71 Percent Homeowners Increase in Florida
Jul 6 2006 // Nationwide Insurance Company of Florida has filed with the Florida Office of Insurance Regulation for a statewide average increase in homeowner’s insurance rates of 71 percent. The Office of Insurance has 90 days to...
Lawmakers Want Miss. Casino Funds to Help Cover Insurance Rise
Jul 6 2006 // Two Mississippi lawmakers are proposing a stream of money, generated by taking a portion of the growth in the state’s gambling revenue, to hold down homeowner insurance rates on the hurricane-ravaged Gulf...
California construct defect litigation creating perfect storm
Jul 3 2006 // In The Perfect Storm, the book that inspired the movie of the same name, author Sebastian Junger defined “the perfect storm” as a tempest that may happen only once in a century, a storm created by so rare a...
California Commissioner Questions Homeowners’ Insurance Rates
Jun 30 2006 // California Insurance Commissioner John Garamendi has announced he will approve an 18 percent decrease in homeowner and renter premium rates by The Hartford Insurance Co. The Hartford’s filing for a decrease contrasts...
Miss. Announces Another Chance for Housing Grants
Jun 29 2006 // Mississippi has increased by 35 percent insurance values used in calculating homeowner grant amounts to compensate for higher post-Katrina construction costs. Scott Hamilton, spokesman for the Mississippi Development...
ACE USA Report Details Consumer Costs in Extreme Weather Disasters
Jun 22 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, reports that the increase in extreme weather events has long-term financial implications for consumers and their communities, according to...
Lloyd’s forecast for Northeast: Storms, global warming threats are real
Jun 19 2006 // The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood...
Florida Homeowners’ Insurers
Jun 19 2006 // Current Florida Financial DPW 2005 Stability Designation Company Name in 000s Rating FL Specialty Encompass Floridian Indemnity Co. $4,437 A FL Specialty Encompass Floridian Insurance Co. $16,059 A FL Specialty Nationwide...
Florida’s home insurance market: domiciled insurers persist
Jun 19 2006 // At the outset of 2006, the 21 Florida-domiciled insurers rated A or better by Demotech Inc., had an 18 percent share of the voluntary market. Their total 2005 writings were $977 million. Over a dozen have begun writing...
Declarations
Jun 19 2006 // Taking responsibility for levee failure ‘This is the first time that the Corps has had to stand up and say, `We’ve had a catastrophic failure.’ … Words alone will not restore trust in the...
Editor’s Note: Commercial property appeal
Jun 19 2006 // According to Fitch, increases are running between 25 percent and 400 percent for windstorm and flood insurance premiums since the June 1 start of this year’s hurricane season. Six hurricanes in 2005 caused $57.3...
News Currents
Jun 19 2006 // State Farm adjusts rates in Texas State Farm Insurance recently submitted several filings to the Texas Department of Insurance, aiming for a balance with rate adjustments that include a reduction auto rates but an increase...
Computers help Colorado firefighters spot problem homes
Jun 19 2006 // The next time a wildfire closes in on a Denver mountain home, there’s no guarantee a crew of firefighters will line up to defend it. A system of mapping and computer software, developed since the disastrous 2002 fire...
New Property and Casualty Insurer Opens in Irving, Texas!
Jun 16 2006 // Irving, Texas – A new Property and Casualty insurer, Homeowners of America Insurance Company, has opened in Irving, Texas. Homeowners is a Texas company specializing in protecting residential property for Texans. In...
N.Y. Agents Report on Home Insurers’ Restrictions Downstate
Jun 14 2006 // The Professional Insurance Agents of New York State Inc. says a recent survey of its member agents finds homeowners insurance companies have taken steps to reduce their exposure in downstate areas of New York since Jan. 1,...
Insurance Limbo Delays Gulf Coast Rebuilding
Jun 13 2006 // The owners of the sagging, flood-stained home in New Orleans aren’t in. Above the front door, a banner explains their absence, and the lack of progress: “Allstate paid $10,113.34 on this house for storm...
Most R.I. Homeowners Go Without Flood Coverage
Jun 12 2006 // There were big gains this year in the number of Rhode Island homeowners with flood insurance, but the state still has one of the lowest rates in the country of participation in a federal flood insurance program, according...
Computers Help Colo. Firefighters Spot Problem Homes
Jun 12 2006 // Next time a wildfire closes in on a Denver mountain home, there’s no guarantee a crew of firefighters will line up to defend it. A system of mapping and computer software, developed since the disastrous 2002 fire...
