Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Case Law Watch
May 8 2006 // Tenant’s Policy Minges 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...
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...
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...
Man Accused of Bilking La. Homeowner by Posing as Adjuster
May 5 2006 // A man who allegedly posed as an insurance adjuster to bilk at least one hurricane victim in New Orleans, La., has been arrested. Steven Lee Cylka, 31, of Metairie was jailed in lieu of $20,500 bond after he was booked with...
Ky. Mine Subsidence Insurance Fund Homeowners Premiums Lowered
May 3 2006 // A decrease in the rates charged to consumers living in Kentucky counties that participate in the Kentucky Mine Subsidence Insurance Fund has been announced by the Kentucky Office of Insurance in Frankfort, Ky. Due to this...
Fla. House Passes Bill Intended to Fix Property Insurance Problems
May 3 2006 // With hurricane season looming just one month away, the Florida House has passed a bill aimed at making sure that if Florida has another bad run of storms there will be insurance companies there to cover people’s...
Gallagher Calls On Lawmakers to Make Insurance Reforms
May 1 2006 // As state lawmakers enter the home stretch of the 2006 legislative session, Tom Gallagher, Florida’s CFO, renewed his call for immediate rate-relief, improved access to property coverage and reforms to help strengthen...
La. Recovery Authority Sheds Income Limits in Housing Plan
Apr 28 2006 // Lawmakers in Louisiana next week are expected to vote on Gov. Kathleen Blanco’s $7.5 billion housing plans, after several provisions were altered to make the post-hurricane rebuilding and buyout program more...
Fla. Insurance Council Describes Pending Legislation
Apr 27 2006 // The Florida House Insurance Committee and the House Fiscal Council have approved CS/CS/HB 7225, and according to the Florida Insurance Council, the next stop is the full House. FIC released a side-by-side comparison of...
Trade Group Says Many Texas Homeowners are Underinsured
Apr 27 2006 // Reliable estimates reveal that between 50 to 70 percent homeowners do not have enough insurance to rebuild their homes in the event it is completely destroyed, according to a Texas-based insurance industry trade...
Okla. Tax Credit for Homeowners Passes Senate
Apr 25 2006 // A bill authored by Senator Susan Paddack, an Ada Democrat, that will give Oklahoma families a tax credit for rebuilding their homes that were destroyed or damaged by the recent wildfires won the approval of the full Senate...
Poe Dropping Storm-Damaged Homes
Apr 24 2006 // Florida insurance officials confirmed that complaints filed recently against troubled Poe Financial Group came from people who said their policies were dropped before their homes were repaired. A condominium association in...
Republic Launches HO- 3 Homeowners Product in Texas
Apr 24 2006 // The Republic Group, based in Dallas, has introduced a new Homeowners Form 3 product for Texas homeowners. “We are pleased to announce the introduction of our HO-3 product”, stated Parker Rush, Republic’s...
Fla. Dept. of Consumer Services, Poe Discuss How to Reduce Consumer Complaints
Apr 21 2006 // Florida’s Consumer Services representatives held a meeting on Friday morning with officials of the Tampa, Fla.-based Poe Insurance Group to discuss how to reduce the number of consumer complaints about the firm and...
Allstate Objects to Texas Ruling It Overcharges Homeowners 10%
Apr 20 2006 // Two judges have ruled that Allstate Insurance charges excessive rates for homeowners insurance and should reduce them. State insurance regulators want the company to reduce its homeowners rates by 10 percent and refund its...
Louisiana Approves Rate Hikes for Allstate, Other Insurers
Apr 20 2006 // Louisiana’s second-largest insurer has received permission to boost homeowners’ rates an average of 20.6 percent for nearly half its customers, while the remainder will see rates rise an average of 9...
Gallagher Praises Legislators for Acting on Rate Relief
Apr 20 2006 // When the House and Senate appropriation committees set aside hundreds of millions of dollars to provide insurance rate relief for Florida homeowners, both the consumer and the insurance industry scored a victory, according...
Fla. House Proposal Would Use Full Surplus to Mitigate Citizens Deficit
Apr 19 2006 // Nearly $1 billion in state tax dollars would go to offset the deficit faced by Citizens Property Insurance under an amendment approved in Tallahassee, Fla. by a House panel that would help out Florida homeowners who are...
Miss. AG Hood: Insurance Companies Intentionally Delaying Paying Katrina Claims
Apr 17 2006 // Mississippi Attorney General Jim Hood has sharply criticized insurers’ denial of Hurricane Katrina claims in Mississippi, saying companies are “in lockstep like Nazis locking arms, coming at those people down...
$960M in Unanticipated Fla. Revenue Could Provide Rate Relief
Apr 17 2006 // The Florida General Revenue Estimating Conference has released new estimates stating Florida is expected to receive an additional $960 million in unanticipated revenue this year and the next. This estimate is in addition...
