Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Battle Over Financial Privacy Dominates Final Days of Calif. Legislative Session
Sep 5 2002 // For the second year in a row, the California Assembly defeated a measure to restrict the information flow within financial services companies, said the American Insurance Association (AIA). Privacy “Once again,...
EIGHT INSURERS EXPOSED TO WESTERN FIRE RISKS
Sep 2 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...
Farmers to Stop Selling New Homeowners
Sep 2 2002 // Farmers Insurance Company’s troubles in Texas mounted with an August 13 emergency cease and desist order issued against Farmers by the Texas Department of Insurance in an effort to “stop unfair pricing...
TDI Updates Homeowner’s Rate Guide
Aug 30 2002 // The Texas Department of Insurance recently updated its Homeowners Insurance Rate Guide. It can be found on TDI’s Web site at www.tdi.state.tx.us. The guide compares compare rates among companies that sell homeowners...
Texas AG Freezes Assets of Mold Clean-up Company
Aug 29 2002 // Texas Attorney General John Cornyn filed suit in Houston against Mold Restoration Inc., a mold remediation company, to stop alleged practices that have left many homeowners with unfinished restoration work meant to correct...
Farmers to Stop Selling New Homeowners Policies in Texas
Aug 23 2002 // Farmers Insurance Company has directed its agents to discontinue selling new homeowners policies in Texas beginning Oct. 31. The company will also stop offering replacement policies, existing policies that are not renewed...
Groups Urge Regulatory Constraint at Fla. Mold Hearings
Aug 21 2002 // Both the American Insurance Association (AIA) and the Alliance of American Insurers urged Florida policyholders, insurers, and regulators to take a rational approach to mold issues at a recent hearing held by the...
New La. Auto, Homeowners Rate Comparison Guides Available
Aug 20 2002 // Louisiana Acting Commissioner of Insurance J. Robert Wooley announced the compilation of new rate comparison guides for auto and homeowners insurance, which are available free of charge. “Both the auto and the...
Texas AG Files Suit Against Farmers
Aug 19 2002 // Texas Governor Rick Perry and Attorney General John Cornyn announced that his office filed suit against Farmers Group Inc., the state’s second largest homeowners insurer, Aug. 5 for allegedly charging unnecessarily...
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...
