Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Homeowners & Condo Assoc.
Feb 25 2002 // Nuts & Bolts: M.J. Hall & Co. has available a homeowners & condo association program. Available on an appointment basis. Company is MGA for program. Dollars: Policy limits of $3,000,000, no deductibles,...
21st Century Insurance Group Reports 4Q Net Loss of $41M
Feb 8 2002 // California-based 21st Century Insurance Group reported a net loss for the year ended Dec. 31, 2001, of $27.6 million, or $0.32 diluted loss per share, compared to net income of $12.9 million, or $0.15 diluted earnings per...
NAII Stresses Legal, Competitive Reasons for Use of Credit Information
Feb 4 2002 // Insurance scores provide companies an objective and unbiased underwriting tool, Sam Sorich, vice president and western regional manager of the National Association of Independent Insurers (NAII) explained last week during...
Bill Restricting Credit-Based Scores Would Cause ‘Staggering’ Premium Hike
Feb 1 2002 // According to the National Association of Independent Insurers (NAII), pricing restrictions in pending legislation on insurers’ use of credit-based insurance scores would require low-risk consumers to pay...
INSURER EXITS CALIF. HOMEOWNERS
Jan 28 2002 // According to the Los Angeles Times, after a threeyear experiment, California-based 21st Century Insurance has decided to stop selling homeowners insurance in the state. Instead, 21st Century will refer customers to...
TDI Looks into Pricing; Mold Task Force Appointed
Jan 28 2002 // The Texas Department of Insurance recently opened two fronts in the battle to shore up the weary homeowners market in the state. Responding to consumer complaints about excessive rate increases—exceeding 100 percent in...
Evolving HO Policies Prompt Montemayor to Issue Consumer Alert
Jan 14 2002 // Homeowners insurance policies in Texas are rapidly evolving. As a result, Texas Insurance Commissioner Jose Montemayor warned the state’s homeowners policyholders to carefully review their policy renewals to...
21st Century Insurance to Stop Selling Homeowner Policies
Jan 9 2002 // According to the Los Angeles Times, after a three-year experiment, California-based 21st Century Insurance has decided to stop selling homeowner insurance in the state. Instead, 21st Century will refer customers to...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
I.I.I. Sees Little Impact Sept. 11 Losses on 2002 Auto, Homeowners
Dec 7 2001 // Insurance losses from the Sept. 11 terrorist attacks, the largest loss in insurance history, will have little impact on the cost of auto and homeowners insurance next year, according to the Insurance Information Institute...
Nebraska, Iowa Residents See Rising Rates
Dec 3 2001 // Residents of Nebraska and Iowa are going to have to dig deeper into their wallets as home insurance companies are increasing rates for most Nebraskans and Iowans. According to the Omaha World-Herald, damage from three...
Texas Homeowners Market Tightens As More Carriers Withdraw
Dec 3 2001 // Two more insurance carriers, Union Standard and Ohio Casualty, have announced their withdrawal from personal lines in the Texas market, according to the Independent Insurance Agents of Texas (IIAT). Union Standard’s...
Commentary: Flood Sales 101-Fact vs. Fiction
Dec 3 2001 // • I don’t need flood insurance; I’m not in a flood zone. • I don’t need flood insurance; this neighborhood has never flooded. • I don’t need flood insurance; Uncle Sam will buy a new house for...
Texas Commissioner Orders Farmers to Cease Homeowners Non-Renewal
Nov 19 2001 // Texas Insurance Commissioner Jose Montemayor ordered Farmers Insurance Group to stop all activities related to the company’s recent announcement that it would non-renew all of its most-common homeowners (HO-B)...
Homesite Launches Operations in Connecticut
Nov 7 2001 // Boston-based Homesite Insurance has expanded its operations to neighboring Connecticut, offering its line of home insurance products and services to the State’s residents beginning Tuesday. Homesite, which started in...
J.D. Power Ranks Erie Highest in Homeowners Satisfaction
Nov 5 2001 // A recent study by J.D. Power and Associates has ranked the Erie Insurance Group highest in customer satisfaction for homeowners insurance. Erie’s announcement noted that the study found the company performed...
PULTE HOMES TO RESIST MOLD
Nov 5 2001 // Michigan-based Pulte Homes, one of the largest homebuilders in the Dallas-Fort Worth area, introduced a new line of homes designed to reduce the potential for mold growth. The mold-resistant features were unveiled in new...
Farmers Settles Ohio Discrimination Suit for
Oct 25 2001 // Farmers Insurance agreed to pay $4.3 million to settle an Ohio lawsuit charging the company with discrimination against homeowners in minority neighborhoods in issuing homeowners insurance policies. With the settlement,...
SAFECO Reports 3Q Results, Strengthens Reserves by $240M
Oct 23 2001 // SAFECO reported third-quarter income, before charges, of $7.8 million or $0.06 per diluted share. Including $240 million in reserve strengthening and previously announced restructuring charges, SAFECO posted a net...
NAII Suggests Changes to Texas Mold Proposal for HO Policies
Oct 22 2001 // In conjunction with the fourth and final hearing held by the Texas Department of Insurance (TDI) on issues surrounding the surge of mold claims in the state, the National Association of Independent Insurers (NAII)...
