Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
With $100M in New Financing, Digital Agency Hippo Plans Further U.S. Expansion
Jul 30 2019 // Online insurance agency Hippo Insurance said it has secured a $100 million financing round that will help propel a broader U.S. expansion of its super-quick online homeowners insurance. Global technology investment firm...
Challenges Facing the Florida Insurance Market: A Reinsurer’s Perspective
Jul 30 2019 // Hurricanes Irma and Michael served as a reminder that Florida, more than any other state, is at risk of one of the most intense natural perils, namely hurricanes. The existence of a stable insurance market providing its...
Addressing Florida’s Rising Tide of Flood Exposures
Jul 24 2019 // In the past five years, all 50 states have experienced some type of flooding. Flooding has led to disasters throughout the decades, and this year, it is expected to become unprecedented yet again. Despite a long history of...
Suspected Tornado in Mississippi From Hurricane Barry Damages Homes
Jul 18 2019 // A suspected tornado struck a rural area of north Mississippi on Tuesday, damaging homes and knocking down trees and power lines as the wet remnants of Hurricane Barry rumbled through several states, officials said. A storm...
Florida Gets Ready for Peak Hurricane Season After 3 Years of Major Storms
Jul 17 2019 // Floridians are on alert as the state heads into peak hurricane season after three straight years of being impacted by major storms. Meanwhile, the Florida Panhandle continues its recovery from Hurricane Michael that...
Causey: More Time Needed to Review North Carolina Homeowners’ Rate Increase
Jul 16 2019 // North Carolina’s Insurance Commissioner has extended the hearing scheduled for the proposed statewide average 17.4% homeowners’ insurance rate increase by one month from Sept. 4, 2019, to Oct. 2, 2019, saying...
Nevada Officials Expect Interest in Quake Coverage to Rise
Jul 15 2019 // Few Nevada residents and businesses have earthquake coverage, but insurance officials said they are expecting interest to increase after the two California earthquakes that rattled the region. The magnitude 6.4 and...
Are Millennials More Likely to Buy Flood Insurance?
Jul 1 2019 // Are Millennials More Likely to Buy Flood Insurance? Are younger homeowners more likely to protect their property by buying flood coverage? It seems so, according to a recent study. Millennials — those born between...
Fast-Moving Fire Damages Several Homes in New Jersey
Jun 28 2019 // A fast-moving fire roared through several homes in a northern New Jersey neighborhood, injuring six firefighters and displacing nearly 50 residents. The fire in Paterson began around 1:30 a.m. Tuesday in a home on Summer...
Flooded Nebraska Homes to Be Razed, but It’s Uncertain Who Pays the Bill
Jun 20 2019 // A suburb of Omaha, Nebraska, has condemned 195 flood-damaged homes, but it’s unclear who will be paying the expected bill of more than $1 million to raze them. The Bellevue City Council has decided that the mobile...
Tornado Damages Homes in Mississippi; No Injuries Reported
Jun 20 2019 // Forecasters say a tornado caused some damage in Hinds County – a somewhat uncommon storm for June in central Mississippi. The National Weather Service says the EF-1 twister struck Monday near Raymond, Mississippi. No...
Florida’s Citizens Revises 2019 Rate Filing; Will Request 2.3% Statewide Rate Increase
Jun 20 2019 // Citizens Property Insurance Corporation’s Board of Governors has approved a revised 2019 rate proposal that the company said reflects recent legislative changes that targets the ongoing abuse of assignment of benefit...
What to Expect from Florida’s AOB Reform Law Taking Effect July 1
Jun 18 2019 // The countdown is on for Florida assignment of benefits (AOB) reform that will take effect July 1, and the insurance industry is getting ready to respond to new requirements as a result of the law as well as evaluating how...
PURE Programs Expands High Value Homeowners Coverage into 5 New States
Jun 17 2019 // PURE Programs has expanded its coverage for high value homeowners into Texas, Louisiana, Mississippi, Alabama, and Georgia. Across the region, PURE Programs will offer coverage for homes with a rebuilding cost of $1...
Kochilaris Joins Florida Homeowners Insurer Olympus as Sales Manager
Jun 17 2019 // Florida-based Olympus Insurance Co. has added Nathan Kochilaris as the company’s new Southwest Florida Sales manager. Kochilaris will work under Vice President of Sales and Marketing Crystal McInnis. Kochilaris has...
Zurich, Vertus Launch Hurricane Deductible Buy-Back Program in Florida
Jun 11 2019 // Zurich has launched Cat4Home, a new hurricane deductible buy-back program through Vertus Insurance Partners. Cat4Home is a supplemental insurance policy available to residential homeowners in Florida and covers 100% of the...
Repairing Homes After Disasters Requires Planning, Patience Even with Insurance
Jun 6 2019 // For the Parkers of Houston, Texas, there will be no summer vacation this year because they are still paying off the dent in their finances left by 2017’s Hurricane Harvey. The couple joins a growing list of people...
Auto, Homeowner Claims from Severe Midwest Weather Add Up for State Farm
Jun 5 2019 // State Farm said last week it had received over 6,000 homeowner claims and more than 5,000 auto claims related to severe weather that pummeled the Midwest on May 27 and 28. The company reported around 6,110 total homeowner...
7.3 Million Homes, $1.8 Trillion at Risk from Hurricane Storm Surge: CoreLogic
Jun 4 2019 // The Atlantic hurricane season, which began June 1, puts 7.3 million homes at risk with an estimated reconstruction cost of $1.8 trillion, CoreLogic said in its 2019 Storm Surge Report. That’s 300,000 more homes and...
Auto Insurance Posts Best Results in 5 Years: Fitch
Jun 3 2019 // U.S. personal lines insurance saw strong premium growth of 8% in 2018 and the sector’s statutory combined ratio of 99% for 2018 represented the market’s best results since 2013, according to a new special...
