Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 3 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Weiss Says 8 Insurers Are Exposed to 74.5% of Homeowners Risk in Western Fire-Prone States
Aug 28 2001 // In seven western fire-prone states, just eight large property and casualty insurers are exposed to 74.5 percent of the home insurance risk, according to a recent analysis by Weiss Ratings Inc., a provider of independent...
It’s Fire Season: Time to Brush Up on Coverage and Prevention
Aug 27 2001 // Take an influx of homeowners moving into what was once open land, add a rainy winter which has fueled the growth of brush and vegetation, and you have a potential recipe for disaster. As of Aug. 15, close to 300 wildfires...
Texas Homeowners Market Shaken by Mold
Aug 20 2001 // After the decision by Farmers Insurance to put the brakes on writing new homeowners policies in Texas beginning Aug. 15, the market in Texas experienced an upheaval, according to the Independent Insurance Agents of Texas...
Homeowners Underinsured by 60%
Aug 20 2001 // A recent Hiscox study reveals that most high value homeowners have little idea of the true value of their home contents. The study compared 64 high value homeowners’ previous valuations with the new valuations...
Mediator Named in Mold Case; Farmers Pulls Plugon HO-B Policies
Aug 6 2001 // A Travis County judge has named Austin lawyer and former Texas Supreme Court candidate Karl Bayer to mediate a settlement in a mold-related lawsuit in which the jury slapped Farmers Insurance Group with a $32 million...
Homeowners Premiums Rose Slightly in 2000, A.M. Best Study Says
Aug 1 2001 // Overall, the industry reported a 6.6 percent increase in direct premiums for homeowners multiperil insurance from 1999 to 2000, according to a new A.M. Best Statistical Study. The top 10 writers of homeowners multiperil...
Homeowners Underinsured by 60%, Hiscox
Jul 25 2001 // A recent Hiscox study reveals that most high value homeowners have little idea of the true value of their home contents. The study compared 64 high value homeowners’ previous valuations with the new valuations...
California Earthquake Authority Releases Project Consulting Team Report
Jul 11 2001 // A new report completed by Tillinghast-Towers Perrin presents the current state of the California Earthquake Authority (CEA) in a positive light. The “CEA Project Consulting Team Report,” was commissioned by the...
Homeowners, Insurance Industry Clash on Mold Issues
Jul 9 2001 // Homeowners turned out in force to testify and listen, and to applaud when they agreed with what they heard, at a June 26 Texas Department of Insurance (DOI) public hearing on issues related to toxic mold and insurance...
Texas Sets HO Rate-Making Hearing
Jul 9 2001 // The TDI has set an open meeting for July 17, 1:30 p.m., Room 100, in the TDI office building, Austin, to finalize recommendations revising the homeowners’ and residential property benchmark rates for 2001. The...
Jury Sends Message to Insurance Industry in Toxic Mold Case
Jun 25 2001 // A recent jury decision should put up red flags for insurers: Take care of toxic mold claims adequately and promptly, or risk being assessed millions of dollars. That warning came in the form of a $32-million award to a...
Earthquake Awareness: Not Just a California Thing Anymore
Jun 25 2001 // Residents in Oregon and Washington would probably be surprised to know that more than 1,000 earthquakes per year are recorded in the two states by the seismology lab at the University of Washington. The biggest reason for...
Homesite Insurance Expands Services
Jun 21 2001 // Boston-based Homesite Insurance has introduced its home insurance products to residents in Oregon and Wisconsin. With the addition of these parts of the country, Homesite now has sales in 23 states, looking to continue on...
$7M Jury Verdict Reached in Northridge Case
Jun 19 2001 // A jury awarded almost $7,000,000 in earthquake repair costs and bad faith damages on June 15 to a Culver City condominium homeowners association in a lawsuit against Scottsdale Insurance Company, according to Brian S....
Jury Sends Message to Insurance Industry in Toxic Mold Case
Jun 18 2001 // Travis County District Court jury to the insurance industry: take care of toxic mold claims adequately and promptly or risk being assessed millions of dollars. That warning came in the form of a $32-million award to a...
Matters of Evolution; Revolution
Jun 18 2001 // With the possible exception of Charles Darwin, matters of evolution generally take a back seat on the news bus to matters of revolution. So it has been with the 23 bills affecting the insurance industry that struggled...
As Texas and Louisiana Mop Up, Assessment Begins in Flood-Swept Areas
Jun 18 2001 // Preliminary cost estimates of damages wreaked by Tropical Storm Allison as it floated around Southeast Texas for several days earlier this month have topped $1 billion. But no one knows what the actual figure will be nor...
Missouri Ins. Dept. Sides with Homeowners Over Storm Damage Dispute
Jun 15 2001 // The Missouri Department of Insurance is supporting angry homeowners over a dispute with a number of insurance companies regarding replacing home siding which was damaged by hail during the state’s most damaging storm...
How Agents Won on the Web, Four Web Venture Profiles
May 14 2001 // A century ago, agents found customers where they gathered—at church, their place of business or the local watering hole downtown. This marketing strategy still works today—only now many agents are going through...
