Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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...
21st Century Holding Co. Sub, Federated National Insurance Co., Approved for Policy Take Out in Florida
Feb 26 2004 // 21st Century Holding Company, a vertically integrated financial services holding company, announced that one of its subsidiaries, Federated National Insurance Company, has been granted approval by the Florida Office of...
Mountaineer State Faces Many of the Nation’s Same Issues
Feb 26 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...
Majority of Calif. Wildfire Claims Resolved, Says IINC
Feb 24 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...
Massachusetts Agents Cite Crisis in Homeowners Market on Cape Cod
Feb 24 2004 // The lack of availability of insurance for properties in Cape Cod coastal communities and in some Massachusetts urban areas has reached “crisis” proportion in the opinion of the state’s insurance agents,...
Underwriting the Dream Home
Feb 23 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 more than 81 million single-family homes...
Nursing Homes Under the Microscope
Feb 23 2004 // As we age in life, thoughts oftentimes turn to just who will take care of us when that day comes when we can’t fend for ourselves. Even those in society with many relatives are not guaranteed that they one day...
SOUTH CAROLINA HOMEOWNERS RATE MODERNIZATION BILL CLEARS FIRST HURDLE:
Feb 23 2004 // The South Carolina Senate Banking and Insurance Committee recently approved a flex rating bill supported by the American Insurance Association that would reportedly eliminate prior approval for homeowners insurance rates....
Underwriting the Dream Home
Feb 23 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...
When is ‘Enough’ Insurance Enough’ A Practical Approach for Brokers
Feb 23 2004 // There is a way to give your client some idea of the potential liability risk that he or she is taking on. A firestorm destroys a subdivision. A neighbor’s child accidentally drowns in an uncovered swimming pool. A...
Wyoming Bill Could Have Unintended Consequences for Homeowners
Feb 17 2004 // A bill currently under consideration in the Wyoming Legislature that would limit insurers’ use of loss history information could have unintended consequences for the state’s homeowners, according to a leading...
Three Years Later, Industry Puts Toxic Mold into Perspective
Feb 9 2004 // Whatever became of mold? Only three years ago, newspaper headlines, fueled by overzealous trial attorneys and misguided scientific information, trumpeted mold as “the next asbestos.” Since then, however, mold...
S.C. Homeowners Rate Modernization Bill Clears First Hurdle
Jan 29 2004 // The South Carolina Senate Banking and Insurance Committee on Wednesday approved a flex rating bill supported by the American Insurance Association that would reportedly eliminate prior approval for homeowners insurance...
Mich. Insurers Respond to Homeowners Data Call
Jan 28 2004 // The more than 100 homeowners insurance carriers that operate in Michigan are already gathering rating information recently requested by the governor and the Michigan Office of Financial Insurance Services (OFIS)...
PCI Concerned with Restrictive Measures Under Consideration in Maine
Jan 27 2004 // Efforts to enact legislation reportedly restricting the ability of insurers to operate in a competitive fashion in the Maine homeowners insurance market are being met with concern by the Property Casualty Insurers...
Mission Possible: Bringing Insurers Back to Louisiana
Jan 26 2004 // If the Professional Insurance Agents of Louisiana, the Independent Insurance Agents and Brokers of Louisiana (IIABL) and Louisiana’s insurance commissioner have their way, the state will soon be flooded with insurers...
Texas FAIR Plan Wants Rate Increase
Jan 23 2004 // The Texas Fair Access to Insurance Requirements (FAIR) Plan Association requested that the Texas Department of Insurance allow the Plan to increase homeowners insurance rates by an average of 12 percent statewide in order...
Mich. Commissioner Begins Inquiry into Climbing Home Insurance Rates
Jan 21 2004 // Michigan Office of Financial and Insurance Services (OFIS) Commissioner Linda Watters has launched the first phase of her investigation into rising home and auto rates in Michigan. Watters issued a letter of inquiry to...
