Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Nonadmitted Markets Open Options for Homeowners
Oct 25 2004 // Even before Charley and Frances, insurers were fleeing the homeowners market for high-risk properties at an alarming pace. Over the last several years, large catastrophe and mold losses have caused insurers to dramatically...
GARAMENDI EASES ACCESS TO FAIR PLAN:
Oct 25 2004 // In response to rising difficulty consumers now face in securing homeowners insurance following last year’s firestorms, California Insurance Commissioner John Garamendi announced that he has eased eligibility...
N.C. Commissioner Discusses Good, Bad Side to Insurance Questions
Oct 23 2004 // North Carolina Insurance Commissioner Jim Long showed Friday just how high he would go to get re-elected. He climbed to the top of the New Bern Fire and Rescue Department’s 40-foot training tower during a campaign...
Calif. Commissioner Grills Insurers on Underinsured Homeowner Problem
Oct 22 2004 // Replacement cost, policy limits, and non-renewal of policies were the source of a heated debate in a day-long hearing investigating underinsured homeowners affected by last year’s wildfires. California Insurance...
Northern Capital Insurance Co. to Begin Writing Homeowners Policies in South Florida in 2005
Oct 22 2004 // Northern Capital Insurance Company announced it plans to begin writing homeowners policies in Southeast and Southwest Florida in 2005. Alexander Anthony and Albert Fernandez, the principal shareholders of Citizens...
State Farm Partners with HFSC’s Steering Committee to Increase Home Safety
Oct 21 2004 // The nonprofit Home Fire Sprinkler Coalition (HFSC) announced that State Farm Insurance is the first representative of the insurance industry to join HFSC’s Steering Committee. “From the Coalition’s...
Fla. DFS Reminds Construction Contractors of Workers’ Comp Requirements
Oct 20 2004 // In response reportedly to hundreds of calls from homeowners and construction contractors, both in and out-of-state, concerned about Florida requirements for workers’ compensation insurance coverage, the Florida...
Wind Insurance Hikes Slap Coastal Residents
Oct 15 2004 // Coastal homeowners are getting socked again, and it has nothing to do with Charley, Frances, Ivan or Jeanne. Homeowners who buy hurricane insurance on their homes through Citizens Property Insurance Corp., the...
Survey Says Nearly 8 in 10 Calif. Homeowners in Fire Danger Areas Think Wildfire Losses ‘Unlikely’
Oct 14 2004 // Seventy-eight percent of California homeowners living in identified fire danger areas believe that it is “somewhat” or “very” unlikely their home will be damaged or destroyed by a wildfire,...
Garamendi Eases Access to FAIR Plan
Oct 13 2004 // In response to rising difficulty consumers now face in securing homeowners insurance following last year’s firestorms, California Insurance Commissioner John Garamendi announced Oct. 13 that he has eased eligibility...
California Homeowners
Oct 11 2004 // Nuts & Bolts: J.E. Brown & Associates is offering a homeowners program. The program is available to rate, quote and bind, all online and can be accessed through their Web site. The program accepts brush hazards,...
Nonadmitted Markets Open Options for Homeowners
Oct 11 2004 // Myths about the E&S market should not prevent homeowners from securing high-quality coverage. High-quality nonadmitted markets can provide consistent, reliable coverage for high-value and high-risk properties. Even...
Nonadmitted Markets Open Options for Homeowners
Oct 11 2004 // Even before Charley and Frances, insurers were fleeing the homeowners market for high–risk properties at an alarming pace. Over the last several years, large catastrophe and mold losses have caused a number of...
Nonadmitted Markets Open Options for Homeowners
Oct 11 2004 // Even before Charley and Frances, insurers were fleeing the homeowners market for high-risk properties at an alarming pace. Over the last several years, large catastrophe and mold losses have caused a number of insurers to...
FREEZE PLACED ON HOMEOWNER’S POLICIES:
Oct 11 2004 // Florida’s State Cabinet approved a measure recommended by Florida Chief Financial Officer Tom Gallagher to impose a 60-day grace period on premium payments and non-renewals for homeowners insurance, in the aftermath...
MOBILE HOMES BEAR BRUNT OF HURRICANE DAMAGE IN FLORIDA:
Oct 11 2004 // Despite improvements in construction and safety standards since Hurricane Andrew, damage to mobile homes in the paths of recent hurricanes was significant according to the Property Casualty Insurers Association of America...
Remember the Lessons of Hurricane Andrew
Oct 11 2004 // Due to efforts to rebuild the Florida property insurance market after Hurricane Andrew, most policyholders in the wake of 2004s more costly hurricane season should not face the same post-Andrew price increases or limited...
Fla. Homeowners’ Policies to be Reassessed, Double-Digit Rate Hikes Possible
Oct 4 2004 // The year ahead could be a shocker for homeowners in Florida, a state accustomed to skyrocketing insurance rates, due to the recent barrage of hurricanes that hit the state. To keep insurance companies in town and writing...
South Louisiana Homeowners Face Steep Rate Hikes
Oct 4 2004 // Homeowners in southern Louisiana who cannot obtain private insurance face average rate hikes of 27 percent to get coverage, although some may pay 50 percent more, according to reports from The Advocate and the Associated...
Hurricanes Insurance Claims Expected to Exceed $22 B
Oct 4 2004 // Thanks to Charley, Frances, Ivan, and Jeanne, insurance claim payments are expected to exceed $22 billion, far surpassing the claims for hurricane Andrew in 1992, which totaled $15.5 billion. According to the Insurance...
