Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Central Miss. Storms More Expensive Than Expected
Apr 17 2003 // Mississippi Insurance Commissioner George Dale announced that the recent storms that hit central Mississippi are turning out to be much more expensive than previously thought. Dale said preliminary numbers on the cost of...
AAI Says Mass. Bill Mandating Fuel Spill Coverage Would Upset Homeowners Mkt.
Apr 16 2003 // The Alliance of American Insurers (AAI) is opposing passage of a bill heard Tuesday by a Massachusetts legislative panel that would add fuel spill coverage to the standard homeowners insurance policy. HB 1961 mandates that...
Homeowners
Apr 9 2003 // Nuts & Bolts: ME James Surplus Lines is offering a program for homeowners. Dollars: Policy limits of $500,000 – $25,000,000; Liability of $1M; Deductibles of $1,000-up. Carrier: Lloyd’s of London. Rated...
Foremost Insurance Co. Won’t Raise Homeowners Rates on Deployed Military
Apr 8 2003 // The Grand Rapids, Mich.-based Foremost Insurance Group of companies is modifying underwriting guidelines for current mobile home and non-standard homeowner customers who are being militarily deployed and are leaving an...
Hard Market Hits California Homeowners
Apr 7 2003 // Credit scoring, CLUE reports become targets of Commissioner Garamendi’s Ire The hard market has hit California homeowners hard. State Farm, which had nearly 23 percent market share in the state in 2001 according to...
Are Cost, Availability of Calif. Homeowners Insurance at Crisis Proportions’
Apr 7 2003 // Today, the California personal lines industry is at the peak of a down cycle that has adversely affected the homeowners’ insurance marketplace. The downturn began in 2000, and worsened after the Sept. 11 attack on...
Challenges Abound in the High-Valued Homes Market
Apr 7 2003 // For more than a decade, the U. S. homeowners insurance industry has failed to produce acceptable results. Less publicized has been the challenges faced by insurers of high-valued homes. To a large extent, the same culprits...
Open the Black Boxes
Apr 7 2003 // One of the most frustrating experiences for any insurance buyer—personal, commercial, or institutional—is to see a sudden, steep rate hike even if you haven’t had a claim in years, if ever. The industry loses...
Challenges Abound in the High Valued Homes Market
Apr 7 2003 // For more than a decade, the U. S. homeowners insurance industry has failed to produce acceptable results. Less publicized has been the challenges faced by insurers of high valued homes. To a large extent, the same culprits...
Playing the Waiting Game in the Texas Homeowners Market
Apr 7 2003 // Could it be that there is a light at the end of the tunnel for the Texas homeowners market? Rates have firmed through waves of increases over the past two years to the point where they may have reached a pinnacle, at least...
Let it Hail, Let it Hail, Let it Hail!
Apr 7 2003 // The March 2000 thunderstorm blew in without much warning during the Fort Worth, Texas early evening rush hour. When softball-size hail smashed through the roof of a downtown restaurant, customer Mario Valverde headed for...
An Agent’s Guide to the Fine Art of Insurance
Apr 7 2003 // An interview with Mary Ann Avnet, vice president of Chubb & Son and marketing manager for Chubb Personal Insurance. Q. In the current economic environment, does it make sense for agents and brokers to seek...
Open the Black Boxes
Apr 7 2003 // One of the most frustrating experiences for any insurance buyer—personal, commercial or institutional—is to see a sudden, steep rate hike even if you haven’t had a claim in years, if ever. The industry loses...
PIFC Opposes SB 64 Homeowners Bill
Apr 3 2003 // Diane Colborn, vice president of the Personal Insurance Federation of California (PIFC), told the California Senate Insurance Committee recently that SB 64 (Speier), if passed, would have the unintended effect of reducing...
FSC Provides Automated Solution for CDI Homeowners Premium Survey
Mar 28 2003 // Fiserv FSC, Inc. recently announced that with CapFSC, California insurers can now, with one person, in less than one day, do what used to take a team of employees days or weeks to accomplish. CapFSC is a Windows-based...
Does the economy drive sub-standard automobile insurance in California’
Mar 24 2003 // Have we finally arrived at the point where the economy is a critical factor in personal automobile insurance? Not quite but it is my opinion that we are closing in. Although insurance company annual statements do not...
Rates, Scores & the WTC
Mar 24 2003 // It looks like changes are underway in the Texas homeowners market. The legislature seems determined to bring down rates one way or another, and Insurance Commissioner Jose Montemayor’s preliminary report—developed...
Is the Economy Driving the Sub-Standard Auto Market in Texas’
Mar 24 2003 // Have we finally arrived at the point where the economy is a critical factor in personal automobile insurance? Not quite, but it is my opinion that we are closing in. Although insurance company annual statements do not...
La.’s Deputy Commissioner Takes on Rating Board, Struggling Firm
Mar 24 2003 // According to Jim Donelon, Chief Deputy Commissioner of the Louisiana Department of Insurance (LDI), the answer to the homeowners’ insurance crisis in Louisiana is to move to a file and use rating system, and to...
AAIS Gains Approval in Texas for Homeowners Forms
Mar 21 2003 // Property/casualty insurers that write homeowners insurance in Texas can now use policy forms developed by the American Association of Insurance Services (AAIS). AAIS is a national advisory organization that develops forms...
