Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Iowa Tornadoes Leave 1 Dead, 70 Homes Damaged
Nov 20 2005 // Nearly one week after tornadoes left more than 20 dead in Indiana, tornadoes on Nov. 12 killed at least one woman and destroyed 70 homes in Iowa. At least three twisters hit two counties in the towns of Stratford and...
Fla. CFO Gallagher Voices Support for Tax-Deferred CAT Fund Reserves
Nov 20 2005 // The serious challenge to Florida’s economy, the rising cost of property insurance and five solutions to hurricane issues were discussed on Nov. 7 in Tallahassee by Florida’s CFO Tom Gallagher at a briefing...
Hurricanes Katrina and Rita: Exposing Settled (?) Insurance Coverage Issues
Nov 20 2005 // After any natural disaster, people who suffered property damage eventually look for sources of money to repair their damage and/or replace their loss with insurance being the first source for those with policies. In this...
Burns & Wilcox to Re-Brand Service General Personal Lines Subsidiary
Nov 20 2005 // Burns & Wilcox, one of the nation’s largest wholesale brokerage firms, announced it will no longer market the company’s personal lines business as Service General, but instead will conduct all personal...
Insurance Adjustors Write Checks for Destroyed Homes in Iowa
Nov 16 2005 // Insurance adjustors surveyed tornado damage in central Iowa, with one saying the devastation equals that of Hurricane Andrew that hit Florida in 1992. “I worked Hurricane Andrew and it looks a little bit like...
Commissioner Cautions W. Va. Homeowners: Be Prepared For Winter
Nov 15 2005 // ‘Tis the season…for extreme cold, freezing rain, snow and strong winds, therefore, it is important to inspect and winterize your home, according to West Virginia Insurance Commissioner, Jane L. Cline. The...
Detroit Mayor Targets High Auto, Homeowner Insurance Rates
Nov 14 2005 // Detroit Mayor Kwame Kilpatrick said he will attack the high cost of auto and homeowner’s insurance in Detroit first by negotiating with the insurance industry. If that doesn’t work, Kilpatrick said, he’ll...
Iowa Tornadoes Leave 1 Dead; Dozens of Homes Damaged
Nov 13 2005 // Nearly one week after killer tornadoes left more than 20 dead in Indiana, weekend tornadoes in Iowa killed at least one woman on Saturday and forced the evacuation of people from a college football game. The twisters hit...
AMC Launches Product for Hard-to-Place Homeowners’ Risks
Nov 10 2005 // Conway, Ark.-based American Management Corporation’s new high-end homeowners policy allows agents to bring home clients with hard-to-place risks in Arkansas, Oklahoma and Missouri. The new plan will provide coverage...
Citizens Property Board to Consider Rate Hikes When it Meets Next Week
Nov 9 2005 // Back-to-back insurance rate increases averaging 20 percent for non-hurricane premiums and 32 percent for wind-only premiums could be requested by Citizens Property Insurance Corp.’s board of directors after it meets...
Fla. CFO Gallagher Supports Tax-Deferred CAT Fund Reserves; Suggests Reinsurance Rate Study
Nov 8 2005 // Legislation in Congress to pass U.S. Rep. Mark Foley’s proposal to allow the accumulation of tax-deferred catastrophic reserves by insurers, and a study on how to add programs to the Florida Hurricane Catastrophe...
Nonprofit D&O Essentials: Homeowners, Condo Association Boards Beware
Nov 7 2005 // Americans place significant value on their residential investments. So who wouldn’t want to get involved in one’s homeowners or condominium association? But the directors and officers of these nonprofit...
W. Va. Legislation Effectively Reduced Homeowners, Auto Rates
Nov 7 2005 // Automobile and homeowners rates have been dramatically reduced as a result of legislative changes made by the West Virginia Legisla-ture, Insurance Commissioner Jane L. Cline, told Professional Independent Insurance Agents...
CALIFORNIA SUPREME COURT UPHOLDS INSURANCE COMMISSIONER’S AUTHORITY
Nov 7 2005 // The California Supreme Court ordered to “de-publish” a Court of Appeal ruling–AIA vs. Garamendi–touted by insurance companies as limiting the regulatory authority of the Insurance Commissioner. The...
Michigan Governor Seeks 20% Discount on Auto, Homeowners Rates
Nov 6 2005 // Michigan Gov. Jennifer Granholm and Democratic lawmakers want to give homeowners and motorists a 20 percent cut in their insurance rates, a move the insurance industry says isn’t justified and is politically...
W. Va. Legislation Effectively Reduced Homeowners, Auto Rates
Nov 6 2005 // Automobile and homeowners rates have been dramatically reduced as a result of legislative changes made by the West Virginia Legisla-ture, Insurance Commissioner Jane L. Cline, told Professional Independent Insurance Agents...
News Briefs
Nov 6 2005 // California CDI Amends Proposed “Action Notice” Filing Regulations The California Department of In-surance has deleted a section of proposed regulations that would have required insurers to notify CDI when a...
Nonprofit D&O Essentials: Homeowners, Condo Association Boards Beware
Nov 6 2005 // Americans place significant value on their residential investments. So who wouldn’t want to get involved in one’s homeowners or condominium association? But the directors and officers of these nonprofit...
$3B Katrina Claims Paid in Mississippi; Dale Says He’s in a ‘No-Win’ Situation
Nov 4 2005 // The Mississippi Department of Insurance has been the moderator for numerous Hurricane Katrina victims who claim damage they received from Hurricane Katrina was caused by wind, not flooding; and according to Commissioner...
Insurers Challenge Delaware Curb on Use of Claims History in Renewals
Nov 1 2005 // Insurers are challenging a Delaware regulation that limits their ability to base homeowners insurance underwriting decisions on insureds’ past claims history. The American Insurance Association and the Property...
