Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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...
Personal Lines Update
Feb 19 2006 // Florida’s Standard Personal Lines Committee has recommended to the Florida Legislature that a task force with extensive insurance knowledge regarding the legalities of insurance contracts and actuarial support review...
N.Y. Sets Agenda for Public Hearing on Homeowners Insurance Market
Feb 13 2006 // New York Superintendent of Insurance Howard Mills released the agenda for a public hearing on the state’s current homeowners’ insurance marketplace that is scheduled for Monday, Feb. 27. The public hearing will...
Judge: La. Homeowners Can Opt Out of Suit Against Murphy Oil
Feb 10 2006 // Terms of a class-action lawsuit against Murphy Oil USA does not prevent Louisiana homeowners from leaving the suit and settling their own claims stemming from the refinery’s oil spill after Hurricane Katrina, a judge...
National Statistics Show Wisconsin Great Buy on Auto/Home Insurance
Feb 9 2006 // National statistics show insuring your home and vehicle is cheaper in Wisconsin than nearly any other state, according a report from Wisconsin Public Radio. Data from the National Association of Insurance Commissioners...
Michigan Territorial Rating Bill Could Raise Rates for Most Consumers
Feb 8 2006 // Legislation supported by Detroit-area lawmakers, which seeks to lower insurance costs in their city, could increase premiums up to 60 percent for other Michigan consumers by prohibiting insurance companies from using...
Fla. CFO Wants to Expedite Payments for Living Expenses, Personal Contents
Feb 7 2006 // New legislation that would expedite the rebuilding process for hurricane victims will be suggested to the Florida Legislature by Tom Gallagher, the state’s CFO. The measure would ensure homeowners immediately receive...
Mass. needs new insurance capital to weather big storm
Feb 6 2006 // The Massachusetts economy could be battered if a major storm were to hit the metropolitan Boston area because the state’s homeowners insurance market is undercapitalized, the state’s insurance regulator is...
VERMONT MUTUAL LATEST TO BE DRIVEN OFF CAPE COD
Feb 6 2006 // While the Massachusetts insurance regulator is warning about problems in the homeowners market, another insurer has decided it can’t continue to write homeowners insurance on Cape Cod. Starting April 1, Vermont...
AAA to sell auto, homeowners policies in Hawaii
Feb 6 2006 // Hawaii Insurance Commissioner J.P. Schmidt has granted AAA Hawaii’s affiliated insurer a Certificate of Authority, allowing it to begin offering homeowners and auto insurance policies to AAA members in the Aloha...
Vermont Mutual latest to be driven off Cape Cod
Feb 5 2006 // While the Massachusetts insurance regulator is warning about problems in the homeowners market, another insurer has decided it can’t continue to write homeowners insurance on Cape Cod. Starting April 1, Vermont...
News Currents
Feb 5 2006 // Mass. needs new insurance capital to weather big storm The Massachusetts economy could be battered if a major storm were to hit the metropolitan Boston area because the state’s homeowners insurance market is...
