Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Calif. Homeowners Emergency Regulation Adopted
Jul 28 2003 // The California Office of Administrative Law (OAL) last week approved the insurance department’s emergency regulation on homeowners insurance underwriting and rating. The regulation restricts insurers’...
Farmers Lowers Kan. Auto Rates, Not Homeowners
Jul 25 2003 // An earlier Insurance Journal story incorrectly reported that Farmers Insurance Group was reducing homeowners rates in Kansas, when in actuality it was lowering auto rates. The story was based on an erroneous statement...
IIABA Supports Passage of Flood Reforms
Jul 25 2003 // The Independent Insurance Agents & Brokers of America (IIABA) is applauding approval of flood insurance reform legislation by a House committee that will reportedly extend the program for five years and institute...
N.C. ‘Beach Plan’ to Offer HO Policies for Coastal Residences
Jul 23 2003 // North Carolina Insurance Commissioner Jim Long and State Senator Scott Thomas announced a new law which is expected to alleviate the homeowners insurance crisis currently felt by residents of North Carolina’s 18...
Farmers Group Lowers Rates for Kan. Homeowners
Jul 18 2003 // Farmers Insurance Group® announced they are reducing homeowners rates in the state of Kansas. Farmers’ policyholders in Kansas were to see a rate decrease of .7 percent effective July 1. Actual savings will vary...
N.Y. Dept. Initiates Return of Unlawful Premiums Charged on Homeowners Policies
Jul 18 2003 // New York Superintendent of Insurance Gregory Serio announced that an investigation has determined that the New Hampshire Insurance Company reportedly illegally collected premiums for terrorism insurance on approximately...
ACIC Objects to California Homeowners Regulations
Jul 18 2003 // On July 15, the Association of California Insurance Companies (ACIC) filed objections to the California Office of Administrative Law (OAL) regarding a proposed emergency regulation that would impose restrictions on...
Water Losses Flood Calif. Homeowners’ Market, Study Says
Jul 17 2003 // The cost of household water damage in California continues to grow at an alarming rate, while the volume of insurance claims being filed for water damage is climbing modestly, a new study has found. Remediation and...
SB 64 Poses Threat to Calif. Homeowners Market, Says AIA
Jul 10 2003 // A proposed bill severely restricting insurers’ ability to manage exposure and calculate risk would give homeowners insurers no option but to limit writing new coverage in California, the American Insurance...
SB 691 Fails in Calif. Assembly Ins. Committee, ACIC Pleased
Jul 10 2003 // California Senate Bill 691 failed to pass the state Assembly Insurance Committee July 9, legislation that would have banned the use of credit-based insurance scores for underwriting and rating homeowners insurance....
Minn. Federation Offers Tree Removal Tips
Jul 7 2003 // As the summer storm season marches on, Minnesotans continue to deal with the damage that goes along with severe weather. The Insurance Federation of Minnesota is urging homeowners to take caution regarding tree removal...
High Value Homeowners
Jul 7 2003 // Nuts & Bolts: Arrowhead General Insurance Agency is offering a high value homeowners program. Endorsements—Scheduled valuable possession—unlimited appetite and capacity, blanket coverage is available. Also...
STATE FARM HOMEOWNER RATES INCREASE IN NEV:
Jun 23 2003 // Nevada Insurance Commissioner Alice Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total...
Inside the Contractors Market
Jun 23 2003 // If you find placing contractors insurance these days almost as daunting as building the house, condo, apartment or other facility itself, you are not alone. A restrictive market, high minimum premiums and tighter...
Inside the Contractors Market
Jun 23 2003 // If you find placing contractors insurance these days almost as daunting as building the house, condo, apartment or other facility itself, you are not alone. A restrictive market, high minimum premiums and tighter...
Homeowners
Jun 23 2003 // Nuts & Bolts: Heartland Marketing Group Inc., a provider of standard markets to independent agents, announced a new Surplus Lines Homeowner Product for Texas, Oklahoma, Arkansas, Kansas and Missouri. The product will...
NAII: La., Texas Lighten Regulatory Load
Jun 20 2003 // Louisiana and Texas legislators opted to overhaul their insurance regulatory systems this year with competition-based solutions that should help to address the insurance availability and affordability crises that have...
State Farm Resumes Writing New Policies in Ark.
Jun 17 2003 // Arkansas Insurance Commissioner Mike Pickens announced that State Farm Fire and Casualty Insurance Company would immediately resume writing new homeowner’s policies in the State of Arkansas. The company returns to...
Farmers Files for Lower Rates for Nevada Homeowners
Jun 17 2003 // Farmers Insurance Group announced it has filed for a rate reduction with the Nevada Department of Insurance on all homeowners business in the state of Nevada. If approved by the department, beginning with September 16th...
Gov. Perry Signs Reform Legislation
Jun 11 2003 // Texas Gov. Rick Perry signed Senate Bill 14, the recently passed insurance reform legislation, during a signing ceremony at a construction site in Temple. According to a statement released by the governor’s office,...
