Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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...
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...
