Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Insuring the American Dream
Apr 5 2004 // Food, clothing and shelter. Economically speaking, those are the bare essentials without which a human being has a tough time existing on this planet. With this edition of Insurance Journal, we focus on insurance issues in...
Underwriting Upscale Homes the Right Way
Apr 5 2004 // Whether it’s called custom, upscale, mansion or high-value, a dream home requires special handling from property insurers. High-value homes represent a growing segment of the over 81 million single-family homes in...
Surplus Lines Products For Homeowners – Salvation or Cause for Concern’
Apr 5 2004 // In 2004, the California homeowners and dwelling marketplace continues to erode. In October 2003, catastrophic wildfires destroyed 790,000 acres of brush and forest land, and along the way destroyed 3640 homes, 1141...
Flood, Credit Rank Among Top 2004 Maryland Issues as Session Ends
Apr 5 2004 // As the 2004 Maryland legislative session draws to a close, a myriad of property/casualty insurance bills reportedly benefiting consumers in providing disaster relief and fair underwriting and rating practices are...
New Carrier for Fla. Homeowners Market
Mar 26 2004 // Coral Insurance Company, an admitted Florida insurance carrier and fully-owned subsidiary of Coral Enterprises LLC, has now begun underwriting homeowners insurance, initially with a dozen Dade, Broward and Palm County...
Mass. Eyes Fla.-style Hurricane Fund to Ease Coastal Homeowners Crisis
Mar 22 2004 // Massachusetts officials, searching for ways to ease a homeowners insurance availability crisis on Cape Cod and other coastal areas, are researching how Florida dealt with its insurance difficulties 10 years ago when it set...
Pennsylvania: Home to Gene Kelly, Liberty Bell and Hershey Chocolate
Mar 22 2004 // The states boasts a good homeowners loss ratio and a diversified economy The United States Census Bureau’s Census 2000 estimated the population of the Pennsylvania at 12,281,054. Approximately 82 percent of the adult...
Insurance Scoring Reportedly Provides Significant Benefits to Fla. Consumers
Mar 22 2004 // Insurance scoring is a proven, accurate, objective and consistent risk assessment tool that provides significant benefits to Florida consumers, the Florida insurance industry testified Monday at a Florida Office of...
An Improving Texas Homeowners Market
Mar 22 2004 // The Texas homeowners insurance market is apparently on the rebound, according to data reports filed by carriers with the Texas Department of Insurance. TDI said the top Texas homeowners insurers reported a loss ratio of 58...
AARP, Texas Watch Call for ‘True Insurance Reform’
Mar 17 2004 // The AARP Texas and Texas Watch announced a new statewide campaign to pass true homeowners insurance reforms and eliminate unjustified rate hikes. Together, the organizations represent over two million Texans. The...
TDI: Data Shows Improvement in Homeowners Market
Mar 16 2004 // The Texas homeowners insurance market has turned the corner and is regaining momentum to be more competitive, according to year-end reports that carriers file with the Texas Department of Insurance (TDI). TDI said the top...
PCI Disappointed with WY Legislature’s Action on Homeowners Insurance
Mar 9 2004 // As the Wyoming Legislature wrapped up its 30-day session on March 5, the Property Casualty Insurers Association of America (PCI) expressed disappointment in the passage of a key bill dealing with homeowners...
MAJORITY OF CALIF. WILDFIRE CLAIMS RESOLVED, SAYS IINC:
Mar 8 2004 // A new insurer survey estimates that roughly three-quarters of claims stemming from the devastating October wildfires have been resolved. A poll by the Insurance Information Network of California of insurers representing...
Nursing Homes, Assisted Living
Mar 8 2004 // Nuts & Bolts: Arrowhead Managed Insurance Programs is offering a market for nursing homes and assisted living. Dollars: Minimum deductible SIR of $50,000. Minimum premium, $50,000; policy limits: $1 million to $3...
Mountaineer State Faces Many of the Nation’s Same Issues
Mar 8 2004 // While not the biggest state in the southeastern region, West Virginia like all other states has its insurance issues. Insurance Commissioner Jane Cline recently set aside some time to talk with Insurance Journal Southeast...
Allmerica CEO: Mass. Personal Lines Capacity Woes Could Spread to Other Lines
Mar 4 2004 // Massachusetts has a capacity crisis not just an auto market crisis which is being played out most vividly on Cape Cod and could spill over into other lines if more and bigger companies are not attracted to the state,...
IIABNY Survey Finds Most Northeast In-Home Businesses Vulnerable
Mar 1 2004 // A survey, conducted by the Independent Insurance Agents & Brokers of New York Inc, found that “tens of thousands of home-based businesses in New York and eight other Northeast states are needlessly at risk...
Auto, HO Rate Changes in the Works in Pennsylvania
Mar 1 2004 // The industry’s Insurance Services Office, Inc. has asked the Pennsylvania Insurance Department to permit a loss cost decrease of 1.8% on all policies written on or after Dec. 1, 2004 for private passenger automobile...
Farmers Cuts N.D. Homeowners Rates Up to 15%
Feb 26 2004 // Captive agency carrier the Farmers Insurance Group of Cos. announced the introduction of the new home/life discount for its North Dakota homeowners customers. Customers who have both a life insurance policy and a...
Mass. Officials Respond To Cape Homeowners Crisis
Feb 26 2004 // The Massachusetts Division of Insurance has responded to concerns over the lack of homeowners insurance in coastal areas in the state. The Division confirmed that the Andover Group insurers, Cambridge Mutual Fire and...
