Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Calif. Legislative Session Adjourns With New Privacy Law, Work Comp Reform
Sep 29 2003 // New financial privacy requirements and legislation aimed at cutting workers’ compensation costs are the two most significant public policy measures that impacted the property/casualty insurance industry during the...
Safeco Reports Most Homeowners’ Pain Isn’t from the Rain
Sep 26 2003 // With hurricane season still generating powerful storms, and cold weather rain and snow not too far away, homeowners might be surprised to learn the most common cause of water damage to personal property isn’t from...
Homeowners Insurance Expects 8% Jump in 2004
Sep 22 2003 // Rapidly rising construction costs, home remodeling and increasingly expensive natural disasters are expected to push the cost of homeowners insurance up by 8 percent in 2004, according to a report by the Insurance...
Claims From Isabel Expected to Approach $1 Billion
Sep 22 2003 // U.S. insurers are likely to pay out close to $1 billion to help people whose homes, businesses and personal possessions were damaged by Hurricane Isabel, according to the Insurance Information Institute (I.I.I.) The storm,...
HOMEOWNERS RATE REVIEWS OVER
Sep 22 2003 // The Texas Department of Insurance completed its second and final round of reviews of Texas homeowners’ insurance company rates, in which 29 companies were reviewed and five insurers were ordered to reduce rates from...
JUMP LIKELY IN RESIDENCE RATES
Sep 22 2003 // Rapidly rising construction costs prices, home remodeling and increasingly expensive natural disasters are expected to push the cost of homeowners insurance up by eight percent in 2004, according to a report by the...
2002 Market Share for Insurers in Texas
Sep 22 2003 // The 2002 premium and loss data for Texas provides hope for the future of Texas insurance markets. Here are the highlights in review: • The aggregate loss ratio for all Texas companies for all lines of business was 78.4...
Underwriting Discipline Needed to Restore Profitability to Homeowners Market
Sep 18 2003 // Insurers must be more disciplined in their underwriting and pricing, or they will continue to face unacceptable losses in the homeowners insurance market. That was the advice from a panel of experts at the Annual...
As Isabel Heads for N.C., Commissioner Urges Storm Readiness
Sep 17 2003 // With Hurricane Isabel threatening North Carolina’s coast, Insurance Commissioner Jim Long today released a comprehensive list of consumer tips to address questions frequently encountered by North Carolinians...
TDI Stands by Rate Cuts for State Farm, Farmers
Sep 16 2003 // Ruling on appeals filed by State Farm Lloyds Insurance and Farmers Insurance Companies regarding ordered homeowners rate reductions, Texas Insurance Commissioner Jose Montemayor upheld the rate cuts ordered by the Texas...
Complaints Against Ill. Insurers Decline Slightly
Sep 11 2003 // Illinois consumers filed fewer complaints about their insurance companies and HMOs according to the 2002 consumer complaint statistics released today by Director of Insurance J. Anthony Clark. A major exception to this...
ISO Authorized to Provide Advisory Pricing Info to Texas Insurers
Sep 11 2003 // Insurance Services Office Inc. (ISO) announced that it is now able to provide advisory information services to Texas insurers for four lines of insurance—commercial auto, personal auto, homeowners and dwelling...
Final Round of Homeowners Rate Reviews Over for TDI
Sep 11 2003 // The Texas Department of Insurance (TDI) completed its second and final round of reviews of Texas homeowners’ insurance company rates, in which 29 companies were reviewed and 5 insurers were ordered to reduce rates...
Homeowners Insurance Expects 8% Jump in 2004
Sep 10 2003 // Rapidly rising construction costs prices, home remodeling and increasingly expensive natural disasters are expected to push the cost of homeowners insurance up by 8 percent in 2004, according to a report by the Insurance...
Hearings Underway on TDI Mandated Homeowners Rate Cuts
Sep 8 2003 // Eleven of the state’s largest homeowners carriers have filed appeals with the Texas Department of Insurance, requesting hearings on recent state-ordered rate cuts. On Aug. 8, 2003, Texas Insurance Commissioner José...
IBHS Web Site Offers Information on Protecting Homes, Businesses from Disaster
Aug 27 2003 // The Institute for Business & Home Safety (IBHS) is making access to disaster protection information easier with the next generation of its Web site, www.disastersafety.org. The latest enhancements to the IBHS Web site...
Trade Associations Prevail in Lawsuit Challenging Calif. Homeowners Emergency Regs
Aug 26 2003 // Three insurance trade associations announced that a Sacramento Superior Court sustained their challenge to the legality of a homeowners insurance Emergency Regulation issued by the California Department of Insurance (CDI)...
First Floridian Offers Discounts for ‘Fortified’ Homes
Aug 22 2003 // First Floridian Auto and Home Insurance announced it has begun offering a homeowners insurance discount of up to 10 percent on new homes in the state built to “Fortified …for safer living” standards....
Calif. Commissioner Announces New Emergency Regs for Homeowners
Aug 22 2003 // Watch Video Length: 10 min 36 sec Lo | Hi California Insurance Commissioner John Garamendi reiterated that homeowners are in crisis during a press conference in San Diego Aug. 21, announcing new additions to his...
SCINS Says Costs for Water Damage Growing Rapidly
Aug 21 2003 // The cost of household water damage in South Carolina continues to grow at an alarming rate, according to the South Carolina Insurance News Service (SCINS). The group said that in 2002 water claims cost the insurance...
