Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Katrina, Rita complaints breed probes in La.
Jun 5 2006 // As an aftereffect of consumer complaints, the Louisiana Department of Insurance hit Allstate Insurance Co. and St. Paul Travelers Cos. with investigations into their handling of homeowners’ claims resulting from...
Allstate moving windstorm coverage in Texas coastal areas to TWIA
Jun 5 2006 // In a move it says will “help protect its ability to meet future customer needs throughout Texas while maintaining a strong presence along the Texas coast,” Allstate Texas Lloyds announced it is phasing out...
California Commissioner says insurers earning ‘excess profits’
Jun 5 2006 // News Currents California Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private...
State Farm Files for Auto, Home Rate Changes in Texas
Jun 2 2006 // State Farm Insurance announced it has submitted several filings to the Texas Department of Insurance as it prepares to implement rate adjustments in the state. The company is reducing auto rates but increasing homeowners...
Texas Watch Launches Insurer Accountability Network
Jun 1 2006 // On May 31, the eve of the 2006 hurricane season, Texas Watch, a non-profit consumer advocacy organization active on insurance issues, announced the launch of its Hurricane Insurance Company Accountability Network (ICAN) in...
Class Action Suit Filed in New Orleans Against 15 Homeowners Insurers
Jun 1 2006 // A class action lawsuit was filed in the United States District Court for the Eastern District of Louisiana on May 24, 2006, on behalf of Greater New Orleans Metropolitan Area homeowners insurance policyholders who have...
Fla. Judge Approves Poe Insurance Companies Liquidation
Jun 1 2006 // A Leon County, Fla. circuit judge has approved putting three financially-troubled insurance companies under the state’s control, a move Florida’s Chief Financial Officer Tom Gallagher said will protect more...
Lexington Enhances LexElite Homeowners Coverage
May 31 2006 // Lexington Insurance Company, a member company of American International Group, Inc. (AIG), has expanded its LexElite homeowners insurance policy to now include coverage for mechanical breakdowns, identity theft and...
Texas Windstorm Association to Increase Rates
May 30 2006 // Texas Insurance Commissioner Mike Geeslin on May 26 signed a Commissioner’s Order allowing the Texas Windstorm Insurance Association (TWIA) to increase rates for residential homeowners’ wind coverage by 3.1...
Wholesale Purchases Homeowners Business from Swett & Crawford
May 26 2006 // Wholesale Connection Insurance Services has announced that it has purchased a book of homeowners business from Swett & Crawford. In conjunction, Chris Nitz and Yul Hur have joined WCIS. Both previously handled the...
Miss. Coastal Residents Struggle to Find Deeds, Records
May 26 2006 // Robert Genin embarked on a paper chase in Bay St. Louis, Miss. soon after Hurricane Katrina swamped the house he and his wife, Mary, bought here 35 years ago. The Aug. 29 storm washed away all his belongings, including...
California Commissioner Says Insurers Earning “Excess Profits”
May 25 2006 // California Insurance Commissioner John Garamendi has released a new report on the profitability of homeowners and private passenger automobile insurance companies. According to the Commissioner’s office, “the...
Californians Urged to Prepare for Potentially Dangerous Fire Season
May 25 2006 // The Association of California Insurance Companies (ACIC) is urging Californians living in brush and mountainous areas to be prepared for what could be a particularly dangerous fire season later this year. “It is...
OneBeacon Increases Options for Conn. Homeowners
May 23 2006 // Connecticut consumers and agents have a new option for insuring homes and belongings from OneBeacon Insurance. OneBeacon’s new homeowners policy is part of the company’s Web-based OneChoice suite of products,...
Florida OKs Citizens Rate Increase of 16 Percent on Average
May 22 2006 // Florida residents whose homes are insured by Citizens Property Insurance will see their premiums go up by about 16 percent on average this year, although for some coastal residents the increase will be much higher. State...
Coverage issues at core of Hurricane Katrina-related litigation
May 22 2006 // The amount of property damage caused by Hurricane Katrina in Mississippi and Louisiana has been extensively reported, as has the fact that many people in those states did not have flood insurance coverage. As a result,...
Coverage issues at core of Hurricane Katrina-related litigation
May 22 2006 // The initial decisions from Hurricane Katrina lawsuits provide some comfort to both insurers and insureds and potential warnings to insurance agents. The amount of property damage caused by Hurricane Katrina in Mississippi...
Allstate Dropping Windstorm Coverage in Texas Coastal Areas
May 22 2006 // In a move it says will “help protect its ability to meet future customer needs throughout Texas while maintaining a strong presence along the Texas coast,” Allstate Texas Llloyds announced it will phase out...
Abram Interstate offers Homeowners Insurance in Arizona
May 19 2006 // Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering Homeowners coverage in Arizona. The program includes high risk properties, seasonal homes, brush areas, protection classes 1-10, older homes and...
Three Companies Get Homeowners Rate Hikes in La.
May 18 2006 // The Louisiana Insurance Rating Commission has approved rate increases of less than 19 percent for three homeowner insurance companies. The largest of the increases, an 18.7 percent increase for 13,461 policyholders, went...
