Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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...
LIRC Approves Post-Katrina Rate Hikes
Jan 20 2006 // The first post-Katrina increase in homeowners insurance rates has been approved by the Louisiana Insurance Rating Commission, beginning what is expected to be a line of rate increase requests this year. The commission...
Travelers Improves Homeowners Program in California
Jan 13 2006 // Travelers personal lines, a member of St. Paul Travelers, has improved its homeowners insurance program in California, including enhancingcoverage for identity theft and new credits and deductible options. Travelers’...
Calif. Commissioner Urges Homeowners to Prepare for Next Flood
Jan 12 2006 // California Insurance Commissioner John Garamendi cautioned Los Angels residents on Wednesday to take strong, proactive steps to prepare for the next inevitable disaster by looking at flood insurance and updating their home...
Allstate Limits Homeowners’ Business in N.Y. Coastal Areas
Jan 12 2006 // Allstate, New York State’s biggest writer of homeowners insurance, is pulling back from writing new business in New York metropolitan coastal areas in order to limit its exposure to future storm losses. The insurer...
Wildfire Outbreak in Ark. Forces Evacuations, Destroys Homes
Jan 10 2006 // Arkansas had its first major wildfire outbreak of the season as at least 43 fires blazed statewide, with one 3,000-acre arson fire in Ashley County that destroyed eight structures and forced evacuations still burning as of...
Mass. Fair Plan Rate Case Drags On with Parties Far Apart
Jan 9 2006 // Hearings to decide on rates for the homeowners insurance residual market in Massachusetts have been going on since November and are likely to continue for several more months, according to officials. The three major...
Shift in S. Fla. ‘Line of Demarcation’ Could Reduce Homeowners Rates
Jan 9 2006 // South Florida homeowners with properties located in a strip of land east of I-95 could have their policies reduced if a proposal is implemented to shift the line of demarcation as far east as U.S. Highway 1, or even A1A,...
I.I.I. Says Record Mississippi Homeowners’ Claim Payments from 2005 Hurricanes
Jan 9 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Mississippi is reportedly enough to wipe out all homeowners premiums paid in the state during the past 17 years. The magnitude...
