Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Florida’s Citizens Accuses Embattled Law Firm, Others of Sham Lawsuits, Racketeering
Jun 22 2020 // Florida’s state-run Citizens Property Insurance Corp. has joined a chorus of insurance companies accusing the Strems Law Firm of lawsuit abuse. Citizens says it has lost millions of dollars due to an alleged scheme...
Backers of Controversial California Homeowners Insurance Bill Like Its Momentum, Timing
Jun 17 2020 // Backers of a controversial bill in California, which they say is designed to increase insurance coverage in high-risk wildfire areas by amending Proposition 103, believe it has the right timing and plenty of momentum to go...
Early Morning Explosion Heavily Damages Houston Bar, Nearby Homes
Jun 15 2020 // An early morning explosion that heavily damaged a bar and some homes near downtown Houston on June 12 was intentionally caused, according to the Houston Fire Department. Arson investigators did not provide other...
Property Services Company Agrees to $550K Settlement in Massachusetts
Jun 15 2020 // A property services company has agreed to pay $550,000 and change its business practices to settle allegations that it violated state consumer protection laws by illegally profiting from Massachusetts homeowners facing...
Tennessee Senate Approves Coronavirus Liability Bill for Nursing Homes, Businesses
Jun 15 2020 // The Tennessee Senate advanced legislation Thursday that would provide nursing homes, grocery stores and other businesses sweeping protections from coronavirus lawsuits. The measure is similar to the growing trend going on...
6-in-10 Homes in High-Risk Flood Zones Lack Flood Insurance
Jun 15 2020 // As the Atlantic hurricane season gets underway, a new report analyzing 100 of the largest U.S. cities shows where homeowners face the greatest financial risk and exposure to flooding. According to the personal financial...
Nursing Homes Account for 60% of Idaho’s COVID-19 Fatalities
Jun 9 2020 // More than 60% of Idaho’s coronavirus-related deaths are among residents of long-term care facilities like nursing homes, according to numbers released by the state on Friday. The Idaho Department of Health and...
California Consumer and Insurer Groups Square Off Over Homeowner Insurance Bill
Jun 9 2020 // A consumer group is warning that homeowners could pay billions more for their home insurance under what it calls an “insurance industry legislative attack on California’s effective rate...
Homes Burned, Evacuations Ordered in California Wildfire
Jun 5 2020 // A grass fire burning northeast of San Francisco destroyed or damaged about a dozen homes Wednesday and prompted evacuations of several streets, fire officials said. The fire erupted at around 3:30 p.m. near a wildlife...
Insurtech MGA Hippo to Buy Its Carrier Partner Spinnaker Insurance
Jun 5 2020 // Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has had a three-year partnership. The deal, first reported by Carrier Management, is designed to...
Mississippi to Release Names of Nursing Homes with Virus Outbreaks After Lawsuit
Jun 4 2020 // The Mississippi State Department of Health said Tuesday that it will start releasing the names of nursing homes and other long-term care facilities where people have tested positive for the new coronavirus. The action...
Ohio’s Root Insurance Now Offering Homeowners Coverage
Jun 3 2020 // Columbus, Ohio-based insurtech, Root Insurance, has launched Root Home, a homeowners insurance program that is available in 13 states. Root Insurance customers who bundle with new or existing auto policies will save 10% on...
Homeowners Insurtech Openly Expands into Kentucky
Jun 1 2020 // Openly Insurance, a tech-forward company that specializes in premium homeowners insurance, is expanding into Kentucky, the fifth state it is offering its product in to date. Kentucky makes it the fifth state to now offer...
Just Because It’s Not Covered Doesn’t Mean It’s Not Covered…The Entirety of Contract Doctrine – Part 2
Jun 1 2020 // Last month, I shared a claim I had consulted on involving mobile equipment. The adjuster had incorrectly denied the claim because he failed to read both the definition of “mobile equipment” and the exclusion...
Top 100 Cities: 6 in 10 Homes in High-Risk Flood Zones Lack Flood Insurance
May 28 2020 // As the Atlantic hurricane season approaches, and central Michigan experiences severe flooding, a new report analyzing 100 of the largest U.S. cities shows where homeowners face the greatest financial risk and exposure to...
Openly, Premium Home Insurance Company, Rapidly Expanding into New States
May 27 2020 // Boston, MA, MAY 27, 2020— Openly Insurance, a tech-forward company that specializes in premium homeowners insurance and is backed by powerhouse investors such as Gradient Ventures, Google’s AI investment fund, is...
Chubb Not Responsible for Superstorm Sandy Damage to Two Insureds’ Homes
May 26 2020 // A New Jersey appeals court has upheld a trial court’s ruling that Chubb Insurance Co. is not responsible for damages to two insureds’ homes caused by Superstorm Sandy because of a flood exclusion in their...
Not All Homes in Wildfire Zones Are Uninsurable. Here’s How Insurers Can Tell.
May 22 2020 // Fire-risk scores now used by insurance underwriters can sometimes can make it challenging for homeowners to find coverage. Zesty.ai, a California insurtech start-up, is among a handful of firms working to fine-tune...
For Third Point Re, COVID-19 Crisis Hurts, but It Celebrates 1st Underwriting Profit
May 20 2020 // Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment volatility – but the company still had big reasons to celebrate. For the first time since its...
Nearly 9K Acre Brush Fire in Southwest Florida Destroys At Least 7 Homes
May 19 2020 // At least seven homes were lost in a brush fire in southwest Florida, and many of the victims say they escaped with nothing more than the clothes on their backs. The 8,663-acre wildfire fire in Collier County continued to...
