Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Louisiana: The Best Defense is a Good Offense
Dec 20 2004 // Louisiana went on the offensive in 2004 with a campaign to tell insurers and other commercial operations that the state is “open for business.” The Professional Insurance Agents of Louisiana (PIA Louisiana),...
High Value Homeowners
Dec 20 2004 // Nuts & Bolts: Abram Interstate Ins. Services is offering a new upscale homeowners market. Water back-up provided up to $25,000 without charge. Ten percent ordinance and law coverage automatically included. All risk...
Looking Back on ’04: The Most Talked-About Stories in the Western Region
Dec 20 2004 // The year 2004 saw a little bit of everything across the Western Region. Workers’ comp, homeowners, med-mal, and even insurance fraud topped the list of the most talked about stories. We compiled these recaps based on...
PCI Praises Flex-Rating Law for Reducing S.C. Homeowner’s Rates
Dec 17 2004 // South Carolina’s new flex-rating law for personal lines property insurance is already helping to bring lower premiums to many homeowners, according to the Property Casualty Insurers Association of America...
Fla. Legislators Unanimously Approve Hurricane Victim Assistance Package
Dec 16 2004 // A half-billion-dollar aid package, including property and sales tax rebates to reimburse residents who had to pay more than one hurricane deductible, was approved by the Florida Legislature before it adjourned today. The...
Countrywide Lowering Homeowners Rates in Texas
Dec 16 2004 // Countrywide Insurance Group (CIG) announced that its Texas insurance entity, Balboa Lloyds Insurance Company, has voluntarily lowered its rates on homeowners insurance by an average of 20 percent in Texas. This homeowners...
HSB Unveils Identity Recovery Coverage for Insurers Serving Home Owners, Small Business Market
Dec 15 2004 // The Hartford Steam Boiler Inspection and Insurance Company (HSB) is now offering to insurers identity recovery coverage that combines identity theft insurance with services that help victims restore their credit history...
Insurance Proposals Stalled in Fla. Legislature
Dec 14 2004 // Two plans, one to reimburse homeowners hit by multiple hurricanes, and the second to charge only one deductible per hurricane season, stalled in debate yesterday during special sessions of the Florida Legislature as...
Multiple Deductibles Among Key Issues Being Discussed By Florida Legislators
Dec 13 2004 // Major insurance issues are on this week’s Florida Legislature agenda in Tallahassee. In long-awaited special sessions, which begin today, even if legislators stick to key issues, it remains to be seen how much they...
N.Y. Moves Against Balboa Insurance Co.’s Handling of Homes Served by Volunteer Firefighters
Dec 9 2004 // New York Superintendent of Insurance Gregory V. Serio announced that the Balboa Insurance Company has agreed to initiate immediately training for all of their company’s underwriters in the wake of an on-going New...
Montemayor Issues Statement on Farmers Settlement
Dec 7 2004 // Texas Insurance Commissioner José Montemayor released the following statement on the state’s settlement agreement with Farmers Insurance Company on homeowners rate reductions: “I have reached an agreement with...
Fla. Cabinet Extends Moratorium to Dec. 31, But Only for Unrepaired Homes
Dec 6 2004 // Florida Gov. Jeb Bush and members of the Florida Cabinet approved an emergency rule extending the moratorium to Dec. 31 and banning insurance companies from canceling or non-renewing insurance policies for victims whose...
N.C. HOMEOWNERS DISPUTE CLAIM DENIAL, HIRE LAWYERS:
Dec 6 2004 // Six residents in Peeks Creek, N.C., where four people died in what is suspected to be a Hurricane Ivan-triggered landslide, have hired lawyers to represent them after being denied insurance claims. Fifteen houses were...
STATE FARM HIKES FLA. HOMEOWNER RATES 5 PERCENT:
Dec 6 2004 // State Farm Florida Insurance Co. has requested permission from the State Insurance Commission to increase rates 5 percent on all its homeowner and condominium policies due to what it calls, the higher costs of doing...
IIAT Reports Homeowners Rates Down in Texas, Coverage Improved
Dec 3 2004 // Homeowners who buy insurance from independent insurance agents in Texas should be seeing lower premiums and better coverages, according to the Independent Insurance Agents of Texas. The claim is based on results of a...
State Farm Lloyds in Search of Legal Ruling; Request Filed for Restraining Order, Injunction Against TDI
Dec 2 2004 // State Farm Lloyds, the Texas property insurance affiliate of State Farm Insurance Companies, has filed an application for a temporary restraining order, temporary and permanent injunction and declaratory relief against the...
Senate Banking, Insurance Committee Hears Fla. Insurance Perspectives
Dec 2 2004 // The Senate Banking and Insurance Committee heard state insurance regulators and insurance industry perspectives on eliminating hurricane deductibles and reforming the state’s Hurricane Catastrophe Fund during...
Floridians Can Anticipate State-wide Premium Hikes
Nov 30 2004 // Florida homeowners can expect an 8.3 percent statewide increase in the cost of homeowner’s insurance, Bob Lotane, spokesman for the Florida Office of Insurance Regulation told the Bonita News. He said worst-hit areas...
Fla. Legislature to Consider Changing Multiple Deductible Rule in December
Nov 29 2004 // In December the Florida Legislature will consider changing the state’s multiple-deductible rule during future hurricane seasons. The legislature is considering eliminating multiple deductibles for future hurricane...
Fla. Cabinet Issues Emergency Rule: Extends Moratorium to Dec. 31 for Unrepaired Homes
Nov 23 2004 // Gov. Jeb Bush and members of the Florida Cabinet have approved an emergency rule extending the moratorium to Dec. 31 and banning insurance companies from canceling or non-renewing insurance policies for victims whose homes...
