Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Farmers’ Pullout Puts Agents, Homeowners in a Jam
Oct 14 2002 // Negotiations continued in early October between state officials and senior executives of Farmers Insurance Group of Companies in the effort to find a solution that would entice the insurer to continue to provide homeowners...
FISHER SAYS OKLAHOMANS ARE SAFE
Oct 14 2002 // In response to Farmers’ notification that it won’t be renewing homeowners polices for its Texas customers, Oklahoma Insurance Commissioner Carroll Fisher issued an announcement clarifying that consumers in his...
Strong Action Needed to Stabilize Homeowners Market
Oct 14 2002 // The Texas homeowners insurance market—like many around the nation—is experiencing rising premiums, controversy over mold claims and debate over the use of credit scoring. Texans purchase 3.9 million homeowners...
2001 Market Share For Insurers in Texas
Oct 14 2002 // The 2001 premium and loss data for Texas verifies everything you heard from the insurance companies — it was a really bad year. Here are the highlights in review: • Texas accounts for 7 percent of the national premium...
AIA Supports Texas’ Development of Stopgap Residual Market
Oct 11 2002 // Given the increasingly complex situation created by Farmers Insurance Group’s recent announcement to leave the Texas homeowners insurance market, the American Insurance Association (AIA) supports the efforts of the...
Alliance’s Woods Testifies Before TDI on Homeowners Crisis
Oct 11 2002 // In testimony before the Texas Department of Insurance (Docket No. 2535) on the departments’ plans to implement stopgap measures to help prevent a homeowners insurance market meltdown, Joe Woods, Southwest regional...
AFACT Says Plenty of Companies Staying in Texas
Oct 4 2002 // The Association of Fire and Casualty Companies of Texas (AFACT), a property/casualty insurance trade association, announced that its member companies are still offering homeowners policies to Texas consumers and asserted...
Underwriters’ TX Homeowners Rating System Now Free
Oct 4 2002 // Underwriters Technologies’ proprietary Texas Homeowners Rating System is available free for all agents and carriers at its Web site, www.underwriterstechnologies.com, under the Free Tools link. The online rater...
TDI Expands Homeowners Options
Oct 4 2002 // Texas Insurance Commissioner Jose Montemayor initiated two actions—a statewide expansion of the Texas Windstorm Insurance Association (TWIA) and triggering of state market assistance programs, called the FAIR (Fair...
Aon Study Reports Homeowners Marketplace Still Not Earning Its Cost of Capital
Oct 4 2002 // Aon Corporation announced the results of Aon Re Worldwide’s comprehensive study of the U.S. homeowners marketplace. The results of the study reveal that the homeowners insurance industry, despite recent rate and...
Minnesota Homeowners Average 14% Rise, Workers Comp Re 5.8%
Oct 3 2002 // Minnesota consumers are experiencing a sharp rise in premiums in all classes of insurance, with homeowners’ policy rates up an average of 14 percent according to the State’s Commerce Department, which regulates...
Commissioner Says Texas’ Homeowners Problem Won’t Happen in Okla.
Oct 1 2002 // In response to Farmers’ notification that it won’t be renewing homeowners polices for its Texas customers, Insurance Commissioner Carroll Fisher issued an announcement clarifying that Oklahomans are protected...
TDI TO HELP HOMEOWNERS
Sep 30 2002 // The Texas Department of Insurance is launching a new program and Web site, www.helpinsure.com, designed to help consumers find homeowners insurance. Governor Rick Perry directed TDI in August to find new ways for consumers...
ISO, NATIONWIDE PRODUCTS OKAYED
Sep 30 2002 // The Texas Department of Insurance (TDI) has cleared the way for insurers to provide expanded homeowners coverage options by approving both the Insurance Services Office Inc.’s (ISO) Homeowners 2000 program and new...
Why Costs Go Up and What Your Customers Can do to Save Money
Sep 30 2002 // As renewal notices go out in the mail, insurance agents across California are answering calls from their policyholders, some of whom are facing the rising homeowners and auto insurance rates. Unfortunately, several factors...
Aiming For Common Sense in Homeowners Market
Sep 30 2002 // The past year has been a difficult one for homeowner’s insurance agents and consumers. Providers have faced spiraling claims costs, while consumers are outraged by rate hikes—leaving agents in the middle to handle...
NAII Comments on Farmers’ Withdrawal From the TX Homeowners Market
Sep 30 2002 // Don Hanson, southwest regional manager of the National Association of Independent Insurers (NAII), issued the following statement on Farmers Group of Insurance Companies’ recent decision to leave the Texas homeowners...
Why Insurance Costs Go Up and What Customers Can Do To Save Money
Sep 30 2002 // As renewal notices go out in the mail, insurance agents across Texas are answering calls from their policyholders, some of whom are facing rising homeowners and auto insurance rates. Texas law requires proof of financial...
POA Pushes Texas Anti-Cherry Picking Bill
Sep 27 2002 // Policyholders of America (POA), a consumer interest group, announced it has secured enough support from Texas legislators to initiate the drafting of nine insurance-related bills to be considered in the 2003 legislative...
Montemayor Sends Open Letter to Farmers Homeowners Policyholders
Sep 26 2002 // In the wake of Farmers Insurance Group of Companies’ decision to quit the Texas homeowners market, Texas Insurance Commissioner Jose Montemayor released the following open letter to Farmers...
