Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Bracing for the Worst: Industry Prepares for Another Wildfire Season
Aug 23 2004 // The fire season started early this year. Wildfires erupted all over California and in Nevada in mid-July, forcing thousands to evacuate and destroying several homes and outbuildings. Affected areas in California included...
ACIC Urges Governor to Sign Three Post-Fire Bills
Aug 19 2004 // The Association of California Insurance Companies (ACIC) today urged Gov. Arnold Schwarzenegger to sign into law three significant bills that respond to issues raised following last year’s Southern California...
Allstate to Pay $60M in Refunds to Texas Homeowners
Aug 17 2004 // Allstate Texas Lloyds, an affiliate of the Allstate Corporation will issue refunds of 8.75 percent of the premium paid by its Texas home insurance customers for policies with effective dates from Sept. 7, 2003, through...
Conn. Appeals Court Reverses Lower Court on Coverage for Husband’s Shooting of Wife in Bed
Aug 12 2004 // The state Appellate Court in Connecticut has reversed a Superior Court ruling that the shooting of his wife by a husband is covered under a homeowners policy. The unanimous ruling denies the imprisoned husband coverage for...
Fla. CFO Activates Storm Line
Aug 12 2004 // Florida’s Chief Financial Officer Tom Gallagher will keep the Department of Financial Services’ storm line, 1-800-22-STORM, operating throughout the weekend to assist Floridians in the event of damage from...
Michael E. James Offering Free Cabo Trips for Agents
Aug 12 2004 // Mike James, president of Michael E. James Insurance Agency plans to send agents out of the country to Mexico next year by implementing a reward program that enables qualifying agents and brokers to win an all expense paid...
High-Valued Homeowners
Aug 9 2004 // Nuts & Bolts: Canon Insurance announced a series of expanded benefits to its respected high-valued homeowners program. This program features a revamped and improved policy form designed around high-value homes for...
Losses Drive High Cost of Detroit Metro Auto Coverage, Insurance Lobby Says
Aug 9 2004 // Higher claims frequency and severity make it twice as expensive for insurers to offer full auto and homeowners coverage to residents in metropolitan Detroit than the state as a whole, according to a recent study conducted...
Atlantic Mutual Reducing Deductibles to Reward Claim-Free Homeowners and Drivers
Jul 22 2004 // Atlantic Mutual Insurance Co.announced that it will reduce home and auto insurance policy deductibles by 10 percent for many customers each year they are claim-free˜providing long-term savings. “So many of our...
Oregon and Idaho Seminars Focus on CLUE Reports
Jul 22 2004 // The use of loss history reports in underwriting homeowners insurance policies was the subject of seminars held recently in Oregon and Idaho. Sam Sorich, Western Region vice president for the Property Casualty Insurers...
Safeco Posts Strong Profits in All Major P/C Segments
Jul 20 2004 // Seattle-based Safeco announced strong second-quarter results, reflecting the company’s solid underwriting and the competitive strength of its automated sales platform. In addition, weather-related catastrophe losses...
California Legislative Committee Takes Action on Homeowners Bills
Jul 19 2004 // The Assembly Insurance Committee took action on several pending homeowners insurance bills in late June. According to the Association of California Insurance Companies (ACIC), consumers will benefit from the recent...
Construction Defects Burning a Hole through the Residential Contractors Market
Jul 19 2004 // Whether real or imagined, the threat of construction defects litigation has burned through the residential contractors liability insurance market like a California wildfire. Over the past couple of years, contractors and...
Wildfire Victims Question Industry’s Cost Calculator
Jul 19 2004 // Don Robinson says his Residence Mutual insurance policy pegged the cost of replacing his San Diego home at $233,000. After Southern California’s wildfires destroyed the 40-year-old biologist’s four bedroom...
Losses Drive High Cost of Detroit Metro Auto Coverage, Insurance Lobby Says
Jul 14 2004 // Higher claims frequency and severity make it twice as expensive for insurers to offer full auto and homeowners coverage to residents in metropolitan Detroit than the state as a whole, according to a recent study conducted...
Chubb Warns Homeowners to Make Hurricane Preparations as Percentages Increase
Jul 14 2004 // Tropical storm experts are forecasting a 71 percent chance of a major hurricane hitting the U.S. coastline in 2004 – a significant jump from the long-term average of 52 percent. The National Oceanic Atmospheric...
Calif. Building, Reconstruction Costs at All Time High
Jul 13 2004 // Salt Lake City-based Castle Data Services, a nationwide provider of residential replacement cost data, announced the results of a comprehensive statewide review of California building costs. The results showed that while...
Wildfire Victims Question Industry’s Cost Calculator
Jul 12 2004 // Don Robinson says his Residence Mutual insurance policy pegged the cost of replacing his San Diego home at $233,000. After Southern California’s wildfires destroyed the 40-year-old biologist’s four-bedroom...
Homeowners in Hurricane Paths Hit with High Insurance Costs
Jul 5 2004 // Retired police officers Ed and Nancy McCue are thinking about leaving their dream home near the shores of Biscayne Bay because it’s in a prime area for hurricanes. It’s not the storm threat itself that’s...
LT. GOV. WANTS LOWER RATES FASTER:
Jul 5 2004 // Texas Lt. Governor David Dewhurst has reportedly taken State Farm and Farmers to task for not lowering their homeowners rates in the state at a faster pace and contesting the decreases in court. A report in the Houston...
