Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Texas Lt. Governor Says Rates Should Fall Faster
Jun 17 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...
W. Va. Lawmakers Study Home Insurance Costs
Jun 16 2004 // At least one insurance company tends to charge West Virginians more to cover their homes than residents in surrounding states, even when its losses are greater in the other states, according to a presentation given to...
Colorado Hail Damage Approaches $150 Million
Jun 14 2004 // Based on the number of claims filed so far, the insurance industry estimates that the June 8-9 hailstorms that pummeled areas from Lakewood to Golden will result in nearly 48,000 claims totaling $146.5 million in insured...
ACE Select Markets Gives “Top Ten” Disaster Protection Tips for Homeowners
Jun 11 2004 // ACE Select Markets has published a list of its “Top Ten Tips” for homeowners on what to do to prevent and/or mitigate the consequences when a natural disaster strikes. “Devastating floods in the United...
Striving for Balance in Louisiana as Reform Efforts Continue
Jun 9 2004 // Insurance and tort reform measures passed by the Louisiana Legislature in 2003, along with efforts by the insurance department and two major insurance agents’ associations to get the word out about the state’s...
FLORIDA CFO APPLAUDS LAWMAKERS FOR APPROVING LEGISLATION TO INCREASE AVAILABILITY OF HOMEOWNERS INSURANCE:
Jun 7 2004 // Florida Chief Financial Officer Tom Gallagher commended state lawmakers for approving legislation, Senate Bill 2488, that will increase the availability of homeowners insurance through changes to the Florida’s...
Regional Focus
Jun 7 2004 // Former Speaker of the House Tip O’Neill was attributed with the comment that “all politics are local.” The same could be said for the insurance industry—insurance coverage is definitely local. In...
Garamendi’s Homeowners’ Bill of Rights Moves Ahead
Jun 7 2004 // California Insurance Commissioner John Garamendi’s “Homeowners’ Bill of Rights” package is continuing to move through the California State Legislature. The four main measures have all moved out of...
Flooded Pa. Homeowners Bailed Out by Feds
Jun 3 2004 // The federal government has offered $3 million to purchase and demolish 26 homes near Abington, Pennsylvania that were inundated by Tropical Storm Allison. The Federal Emergency Management Agency made the funding available...
S.C. Lawmakers Back Homeowners’ Flex-band Rating
Jun 3 2004 // Concurring with a series of House amendments, the South Carolina State Senate approved a bill Thursday that creates a flex-band rating bill for homeowners’ insurance, similar to that enacted for the state’s...
Maine Hopes Resource List Will Aid Homeowners
Jun 1 2004 // Maine Superintendent of Insurance Alessandro A. Iuppa has announced a new resource to assist property owners who have had difficulty obtaining insurance for specific types of residential property insurance risks. “It...
The Hartford Adds New Homeowners Coverage to Complement Dimensions Auto Plan
Jun 1 2004 // The Hartford Financial Service Group Inc. has introduced a companion homeowners insurance program designed to meet the changing coverage needs of families over their lifetime. Like its Dimensions auto sibling, The...
Beware Termites!
May 28 2004 // While the billions of cicadas that are currently invading the Eastern and Southern U.S. may be grabbing the headlines, entomologists have issued a warning that an insect plague with potentially far more serious...
S.C. Homeowners’ Flex Rating Bill Gets House Backing
May 28 2004 // The South Carolina House of Representatives has passed a personal lines modernization bill that will reportedly give consumers more choices of products and companies by enhancing the competitive nature of the market. The...
Allstate Study Warns on Coastal Floods
May 26 2004 // Allstate Insurance Company announced that a study it conducted in 2003 identified more than 750,000 homes in coastal hurricane states that may not have flood insurance. The study looked at current Allstate homeowners...
California Senate OKs Bills Expanding Firebreaks and Insurance Rights
May 20 2004 // Bills to expand firebreaks around some rural homes and give homeowners greater insurance rights were approved recently by the state Senate. The four measures were introduced in response to the fires that ravaged large...
Ga. Commissioner Reminds Residents of Hurricane Danger During National Hurricane Awareness Week
May 17 2004 // This week, May 16-22, is National Hurricane Awareness Week, and Georgia Insurance Commissioner John Oxendine is reminding Georgians that they should check their homeowners policy annually to be sure they have adequate...
Michigan’s Granholm Moves to Ban Insurance Scoring
May 17 2004 // When campaigning for her current office, Michigan Gov. Jennifer Granholm made it clear she detested the use of credit in rating and underwriting auto and homeowners insurance policies. Still, that was back in 2002. It was...
AIR’s SEVERE THUNDERSTORM MODEL KEY COMPONENT TO NEW PERIL-BASED FLA. HOMEOWNERS RATES:
May 17 2004 // For the first time, homeowners rates that include a severe thunderstorm component based on sophisticated catastrophe modeling have been included as part of a rating plan subject to approval by state regulators. Florida...
Michigan Negotiations on Credit Scoring Apparently in Vain as Gov. Granholm Pushes for Ban
May 16 2004 // Jennifer Granholm When campaigning for her current office, Michigan Gov. Jennifer Granholm made it clear she detested the use of credit in rating and underwriting auto and homeowners insurance policies. Still, that was...
