Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Lobbying Groups Gear Up for Legislative Session
Aug 19 2002 // Even though the next Texas legislative session is still months away, lobbying organizations with ties to insurance are polishing their strategies for influencing state lawmakers. Last month, the Austin American Statesman...
Vacation Homes Not Always Vacation for Agents
Aug 19 2002 // Whether it’s an oceanfront home on the coast of Florida or a cottage situated high in the Colorado mountains there are a number of reasons your high net worth clients may wish to purchase a vacation home. Some view...
TDI Freezes Farmers’ Homeowners Rates
Aug 16 2002 // The Texas Department of Insurance has issued an emergency cease and desist order against Farmers subsidiaries Farmers Insurance Exchange and Fire Insurance Exchange that effectively freezes the carrier’s homeowners...
Eight Insurers Exposed to 73 Percent of Homeowners Risk in Western Fire-Prone States
Aug 15 2002 // In seven Western fire-prone states, only eight large property and casualty insurers are exposed to 72.9 percent of the home insurance risk, according to a recent analysis by Weiss Ratings, Inc. At year-end 2001, eight...
Top Three Texas Residential Insurers Under Investigation
Aug 5 2002 // Responding to moves by Farmers Insurance Company to further restrict coverages in homeowners policies it will write in the state, Insurance Commissioner Jose Montemayor expanded the state insurance department’s...
Montemayor Okays ISO Homeowners Forms
Aug 5 2002 // In his continuing quest to find solutions keep the Texas homeowners market from completely falling apart, Insurance Commissioner Jose Montemayor approved residential property policy forms developed by the Insurance...
Main Street America Group’s Online Homeowner Policy Change Function Proving Success
Aug 2 2002 // Main Street America Group announced that the recent rollout of its homeowner policy change request application online has been well received by its independent agency partners. Main Street America Group’s homeowner...
Wayne Mutual Implementing RIS’ ASP Outsourcing Product
Jul 31 2002 // Ohio-based Wayne Wayne Mutual Insurance Company has begun implementing Results International Systems Inc.’s (RIS) ASP Outsourcing solution for end-to- end processing of all Wayne Mutual’s lines of...
Ohio Auto, Homeowners Rates among the Lowest in Nation
Jul 30 2002 // Ohio automobile insurance consumers continue to fair well when compared to consumers in other states according to Ohio Insurance Director Lee Covington. According to an annual survey and analysis of national automobile...
Texas Gubernatorial Candidates Face Off on Homeowners Rates
Jul 24 2002 // The two Texas gubernatorial candidates continue to trade barbs over the state’s tumultuous homeowners insurance market, further proving that higher premiums have become a major issue in the campaign. According to the...
Sanchez: Special Session Needed on Texas Homeowners Crisis
Jul 23 2002 // Texas Democratic gubernatorial candidate Tony Sanchez is contending that Gov. Rick Perry should call a special session of the Texas Legislature to deal with the state’s reeling homeowners market. According to the...
Manufactured Homes
Jul 22 2002 // Nuts & Bolts: Spectrum Brokers has available a program for manufactured home retail. Business is brokerage only. Endorsements include broad form. Dollars: Policy limits are $1,000/$2,000 general liability and...
Nev. Regulators May Look to Legislative Solution on Defect Litigation Costs
Jul 22 2002 // According to the Alliance of American Insurers, Nevada insurance regulators concerned about the availability of residential contractor’s liability insurance should not look to mandatory pools, but should develop a...
TDI Investigating Farmers’ New Homeowners Restrictions
Jul 22 2002 // Texas Insurance Commissioner Jose Montemayor has initiated an investigation of Farmers Insurance Co. to determine whether new homeowners restrictions it put in place violate fair trade practices. The Austin...
Montemayor Approves ISO Homeowners Policy Form for Texas
Jul 22 2002 // Texas Insurance Commissioner Jose Montemayor has approved homeowners policy forms from the Insurance Service Office (ISO) similar to policies used by insurers in other states. Insurers wanting to use the ISO form in Texas...
I.I.I. President Says Mold Reaching Crisis Proportions in Texas
Jul 22 2002 // Gordon Stewart, president of the Insurance Information Institute (I.I.I.), said in Congressional testimony July 18 that mold has become a major factor in rising homeowners costs, reaching crisis proportions in Texas, and a...
HOMEOWNERS’ RATES CLIMB UPWARD
Jul 22 2002 // An extraordinary number of catastrophes, the high cost of home repairs and excessive jury awards due to the emergence of mold claims are pushing the cost of homeowners insurance upward an average of 8 percent nationwide in...
The Surplus Lines Market-From Deep in the Heart of Texas
Jul 22 2002 // In the teeth of the first true hard market in nearly two decades, evidence accumulated by the Surplus Lines Stamping Office of Texas confirms the surplus lines insurance market is successfully fulfilling its primary...
New Market: Condo/Homeowner Assoc., Property Management Firms, Managers
Jul 9 2002 // Safe Harbor Surplus has available programs for condo/homeowner associations, property management firms and property managers. Condo coverages are for D&O, EPLI, fidelity, umbrella and workers’ compensation....
STATE FARM ENFORCES HOMEOWNER MORATORIUM:
Jul 8 2002 // State Farm Insurance Company announced it would stop writing new homeowners insurance in 17 states in efforts to boost profitability, according to reports by the Dow Jones Newswire and the Associated Press. The move comes...
