Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
AAA to sell auto, homeowners policies in Hawaii
Feb 5 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...
Fla. Committee Recommends More Study; Releases ‘Quick-Check’ Guides
Feb 2 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 should...
I.I.I. Says Nearly 70% of Katrina Homeowner Claims Settled in Louisiana, Mississippi
Feb 2 2006 // Homeowners insurers have settled nearly 70 percent of claims from Hurricane Katrina in Louisiana and Mississippi, according to the Insurance Information Institute (I.I.I.). The I.I.I. estimated that more than 732,000...
Homeowners’ Insurance Focus of Feb. 27 Public Hearing in New York
Feb 1 2006 // Superintendent of Insurance Howard Mills reported that the New York State Insurance Department will hold a public hearing focusing on conditions in the homeowners’ insurance market in light of Allstate’s...
Miss. Commissioner Dale: Leader, Follower or Shill?
Jan 30 2006 // George Dale walks a tightrope in his job as Mississippi’s insurance commissioner. He is charged with the responsibility of regulating the industry that provides most of his election support while protecting consumers...
Mass. Economic Warning: Insurance Market Short on Capital
Jan 27 2006 // Massachusetts is facing a shortage of insurance capital that could jeopardize the state’s entire economy, especially if a major storm hits the metropolitan Boston area, the Commonwealth’s insurance regulator is...
AAA To Offer Auto, Homeowners Insurance in Hawaii
Jan 27 2006 // Hawaii Insurance Commissioner J.P. Schmidt has granted AAA Hawaii’s affiliated insurer a Certificate of Authority, to allow it to begin offering homeowner’s and auto insurance to AAA Hawaii members. Auto and...
Vermont Mutual Latest to Exit Cape Cod Mass. Homeowners Market
Jan 26 2006 // Another insurer has decided it can’t continue to write homeowners insurance policies on Cape Cod. Starting April 1, Vermont Mutual will stop renewing about 4,700 homeowners and 400 dwelling policies, Tom Tierney,...
Texas Comptroller Says Construction Commission Favors Builders
Jan 25 2006 // The Texas Residential Construction Commission is acting as a “builder protection agency” and has no power to force homebuilders to repair construction defects in new houses, according to state Comptroller...
Fla. Property Insurance Reforms Described by CFO Gallagher
Jan 24 2006 // Solutions to strengthen Florida’s property insurance market were described by CFO Tom Gallagher during an address to the Windermere Rotary Club in Orlando, Fla. Last year, in the wake of two unprecedented hurricane...
S. Fla. Homeowners Warned ‘Be Wary’ of Hurricane Repair Contractors
Jan 24 2006 // Consumer advocates are warning South Florida homeowners to be wary of contractors who take deposits up front for hurricane repairs or shutter installations. For example, officials said a company called Palms West Shutter...
Miss. Legislation to Require Homeowners to Refuse Flood Insurance in Writing
Jan 23 2006 // The goal of HB 982, approved Jan. 20 by the Mississippi House of Representatives is to make the basics of home insurance more understandable to homeowners and would require home buyers to refuse flood insurance in writing....
N.Y. Lawmakers Call for Federal, State Catastrophe Funds
Jan 23 2006 // Three elected representatives from New York joined with a leading homeowner’s insurance company last week in a call for increased government involvement in providing reinsurance for catastrophes. Congressman Steve...
I.I.I.: CLAIMS IN LA. EQUAL TO 25 YEARS OF PREMIUMS
Jan 23 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
Case Law Watch
Jan 23 2006 // Auto liability Allstate Insurance Company v. Reid (1st Cir. Nov. 30, 2005) Ruling: Coverage Not Available for Damage to Boat Towed by Insured. Defendant and his friend, May, were returning from a fishing trip. Defendant...
Nevada Court Cancels Construction
Jan 23 2006 // A multimillion-dollar construction defects award was erased by a unanimous Nevada Supreme Court decision that held the case had been improperly given class-action status by a lower court judge. The high court ruling favors...
Case Law Watch
Jan 22 2006 // Allstate Insurance Company v. Reid (1st Cir. Nov. 30, 2005) Ruling: Coverage Not Available for Damage to Boat Towed by Insured. Defendant and his friend, May, were returning from a fishing trip. Defendant was towing...
I.I.I.: Claims in La. Equal to 25 Years of Premiums
Jan 22 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
Calif. Hands Down Convictionsfor Violating Contractor Licensing Laws
Jan 22 2006 // Fraud Roundup Ventura County, Calif., District Attorney Gregory Totten reported that the office’s Consumer and Environmental Protection Division recently obtained two convictions for violation of the California...
Allstate units agree to coverage checks sought after Ariz. wildfire
Jan 22 2006 // Two Allstate Insurance units have agreed to implement new procedures to re-evaluate coverage needs of homeowners-steps sought by Arizona regulators in the wake of consumer complaints after a devastating 2003 wildfire on...
