Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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...
J.D. Power: Hurricanes Play Major Role in Homeowners Customer Satisfaction
Nov 1 2005 // Major hurricanes, such as the ones that have ravaged the Gulf Coast states in the past two years, have had a significant negative impact on homeowners insurance customer satisfaction in those states, according to the J.D....
Insurers Investigate Fires at Flood-Damaged Homes in La.
Oct 31 2005 // Some of the New Orleans homes drowned by the flooding that followed Hurricane Katrina have been damaged by a second calamity – fire, according to the Associated Press. Louisiana investigators and insurance companies...
AAA Minnesota Offering 20 Percent Homeowner Discounts
Oct 24 2005 // AAA Minnesota is offering new policyholders an average 20 percent rate reduction on its homeowner’s product. Existing customers also will receive a 20 percent rate reduction on their homeowner’s insurance,...
Nationwide to Lower Homeowner Rates in Texas
Oct 19 2005 // Nationwide Insurance is reducing homeowner rates for Nationwide Lloyds customers in Texas effective Jan. 7, 2006. The average decrease will be 10.75 percent for renewing customers in Texas. “This rate decrease...
Fla. Insurance Industry Preps for Wilma
Oct 19 2005 // Hurricane Wilma, with a barometric pressure of 882 mb, is now the most intense hurricane on record in the Atlantic Basin. After rapid intensification Tuesday night, Wilma is now a potentially catastrophic Category 5...
Foremost Insurance Introduces Dwelling Fire in California
Oct 19 2005 // The Foremost Insurance Company, Grand Rapids, Mich., has introduced a dwelling fire program in California. Starting October 1, agents can start writing business designed to provide customers with insurance that other...
Growing a Niche in the Bed and Breakfast Industry
Oct 17 2005 // As leaves begin to fall in the Midwest, city dwellers are making an exodus to quaint towns like Galena, Ill. and Dubuque, Iowa to soak up the autumn colors and ambiance. For many, their stays center around a country inn or...
Continuing Battle against Wildfires Fuels Need for Insurance
Oct 17 2005 // As firefighters battled into last week trying to contain one of a number of brush fires in the Los Angeles area, residents throughout California are keeping a close eye on weather conditions and their insurance policies,...
MOST WASH. RESIDENTS LACK HOME INVENTORY SUMMARY:
Oct 17 2005 // The aftermath of Hurricanes Katrina and Rita revealed horrible stories of property loss. However, according to a recent PEMCO Insurance poll, most Washingtonians have not taken a simple step that could prevent similar...
Growing a Niche in the Bed and Breakfast Industry
Oct 17 2005 // As leaves begin to fall in the Midwest, city dwellers are making an exodus to quaint towns like Galena, Ill. and Dubuque, Iowa to soak up the autumn colors and ambiance. For many, their stays center around a country inn or...
