Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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...
New England Flood Damage Estimates Rising But Most Lack Insurance
May 18 2006 // Receding flood waters revealed deep economic damage that hit a broad range of New Englanders — from homeowners who must dry out soggy carpets and replace rotted beams without help from flood insurance, to shopkeepers and...
Insurer Group Reminds Homeowners of the Need for Flood Coverage
May 16 2006 // Many Texas homeowners are under the impression that flooding caused by rising water is covered under the standard homeowners insurance policy in Texas and often they discover that fact too late, according to Sandra Ray,...
Royal Palm to Offer Coverage to Allstate Floridian Customers
May 15 2006 // St. Petersburg, Fla.-based Allstate Floridian has reached an agreement with Royal Palm Insurance Co., a new property insurer in the state, to offer Allstate Floridian customers and Florida consumers property insurance...
State Farm Seeks Homeowners Rate Increase in Florida
May 15 2006 // State Farm Insurance Co. is seeking to boost premiums by an average of about 70 percent in Florida, the company said Friday. If approved by state regulators, the increase would be effective Aug. 15. The Bloomington,...
State Farm Sued by Gulf Coast Homeowners Over Katrina Claims
May 11 2006 // A lawsuit filed by more than 650 Gulf Coast homeowners accuses State Farm Insurance Co. of using a “one-size-fits-all” engineering report as the basis for refusing to cover damage to homes destroyed by...
Tobacco-trial Lawyer ‘Poster Child’ for Katrina Insurance
May 10 2006 // A private jet is waiting for Richard Scruggs, but first the millionaire lawyer wants to squeeze in a quick lunch. Smiles and nods greet him as he walks into Lu-Cher Doe’s Diner, a soul food restaurant down the street...
Mass. personal lines: a surplus of disagreement
May 8 2006 // Claims by Massachusetts regulators that the combined surplus of the insurers serving the state’s homeowners market is inadequate and that changing the auto system will help boost the homeowners market are untrue,...
Case Law Watch
May 8 2006 // Tenant’s PolicyMinges Creek, LLC v. Royal Insurance Company of America (6th Cir. [Mich.] April 6, 2006) Ruling: Mall owner was not entitled to additional insured status on mall tenant’s policy for accident...
After the storms, 2006 a ‘critical’ year for Louisiana
May 8 2006 // The number of bills filed by members of the Louisiana Legislature for the regular session that began March 27 was relatively low, according to the Tatman Group’s David Tatman, a lobbyist for the Louisiana Surplus...
Judge orders Southern Family rehabilitation
May 8 2006 // Leon County, Fla. Circuit Court Judge Thomas Bateman has ordered Southern Family Insurance Co., one of three financially-troubled property insurers of the Tampa-based Poe Financial Group into rehabilitation. To ensure the...
Mass. personal lines: a surplus of disagreement
May 8 2006 // Claims by Massachusetts regulators that the combined surplus of the insurers serving the state’s homeowners market is inadequate and that changing the auto system will help boost the homeowners market are untrue,...
