Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Growing Your Property Casualty Agency
Mar 19 2006 // The top functions of an agency newsletter are to keep in touch with existing insureds at times other than renewal and to establish or maintain contact with selected prospects. Is your agency’s newsletter a...
Few homeowners buy flood insurance when not required, RAND study says
Mar 19 2006 // News Currents Only about half of homeowners living in some of the most flood-prone areas of the United States buy federal flood insurance, leaving millions of families at risk for severe financial losses when floods...
Farm Bureau gets OK to Hike Homeowners Rates in La.
Mar 17 2006 // Roughly 70,000 homeowners in areas hard hit by Hurricane Rita will face insurance hikes of 49 percent that were approved by Louisiana state regulators. The increase affects Louisiana Farm Bureau policyholders. The increase...
Dale Reports Miss. Insurers Have Made Solid Progress
Mar 15 2006 // A report in Jackson, Miss. by Insurance Commissioner George Dale shows that six months after Hurricane Katrina struck a devastating blow to the Gulf Coast, major insurers have made solid progress and are committed to...
La. Homeowners Face Waiting Game in State’s Housing Assistance Plans
Mar 15 2006 // Anita Richardson’s insurance company gave her $4,500 to repair what her contractor says is $50,000 worth of damage done when Hurricane Katrina ripped apart the roof of her New Orleans, La., home and poured about two...
Poe Financial Group Cancels New, Renewed Fla. Homeowners, Commercial Policies
Mar 9 2006 // Florida agents have been notified by Poe Financial Group that thousands of policyholders with its Southern Family Insurance Company will no longer be able to renew or insure new homeowner or commercial lines business. The...
Auto, Homeowners Coverage for Police, Firefighters Offers Unique Benefits
Mar 8 2006 // St. Louis, Mo.-based Stuckey and Company unveiled a new a homeowners and auto insurance program designed exclusively for police and firefighters. “We believe that police and firefighters are deserving of special...
FLA. CFO WANTS TO EXPEDITE PAYMENTS
Mar 6 2006 // New legislation to expedite the rebuilding process for hurricane victims has been suggested to the Florida Legislature by Tom Gallagher, the state’s CFO. The measure would ensure homeowners receive insurance money...
Homesite Insurance Co. Rate Hearing Underway in Tallahassee, Fla.
Mar 3 2006 // A public hearing is now underway in Tallahassee with the Florida Office of Insurance Regulation discussing a Homesite Insurance Company of Florida request for a statewide average increase of 21.8 percent. The requested...
Survey Reports Katrina Doesn’t Move Many Homeowners to Protect Their Investment
Mar 2 2006 // Despite Hurricane Katrina’s devastation, a new survey says that most Americans are not very concerned about buying flood insurance for their homes. Only 14 percent of Americans say they have purchased flood insurance...
Survey of Agents Finds No Immediate Crisis in N.Y. Homeowners Market
Feb 28 2006 // The Professional Insurance Agents of New York State Inc. reported that a week-long survey of its members regarding the current conditions of the homeowners market in downstate New York found there is no immediate crisis in...
N.Y. Homeowners Insurance Market: Strong or Weak?
Feb 28 2006 // New York’s homeowners insurance market is either strong, stable or fragile depending upon whether the speaker is an agent or an insurer. Also, Allstate Insurance Co.’s decision to limit its business in eight...
Hurricanes Drive 39% Decline in Net Income for Giant State Farm
Feb 26 2006 // Hurricane losses and loss adjustment expenses totaling $6.3 billion (after reinsurance) contributed to a reduction in State Farm’s 2005 net income. The company is reporting an after-tax net income from all sources of...
Pennsylvania Court Rules Parents’ Homeowners Policy Covers Shootings by Son
Feb 23 2006 // An insurance company might have to pay $1.8 million if the lone survivor and relatives of five other victims of a shooting spree win lawsuits against the attacker’s parents, the Pennsylvania Superior Court...
Insurers Ready to Testify That N.Y. Homeowners Market is Healthy
Feb 23 2006 // The New York homeowners insurance market is stable, according to the Property Casualty Insurers Association of America. Kristina Baldwin, PCI’s regional manager, will testify to that effect Monday before a hearing of...
Homeowners Insurers to Pay 15% of 2004 Earnings to La. Citizens
Feb 21 2006 // Insurance companies have until May to decide whether to hike their homeowners rates 15 percent in Louisiana, to make up for losses caused by Hurricanes Katrina and Rita. The firms must pay 15 percent of their 2004 earnings...
La. Gov. Presents Housing Plan for Under-, Uninsured Homeowners
Feb 21 2006 // Louisiana Gov. Kathleen Blanco recently outlined a $7.5 billion draft proposal for housing assistance for underinsured and uninsured homeowners. According to the Associated Press, among the key points are: –The plan...
N.Y. Senator Schumer criticizes Allstate’s metro-area retreat
Feb 20 2006 // New York State’s largest provider of homeowners insurance should reconsider its decision to stop writing new policies in the metropolitan area over concerns about hurricane damage, according to Sen. Charles...
The facts about credit information and insurance
Feb 20 2006 // The use of credit history, one of many underwriting tools, is not a new concept and one that has received strict scrutiny from insurance regulators and consumer advocates around the country. Some insurers have used...
News Currents
Feb 19 2006 // As part of his proposal, Gallagher is asking the Legislature to earmark the increase in sales tax revenue collected during hurricane recovery to help offset assessments against homeowners. Florida CFO renews call for...
