Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Louisiana Contractor Charged for Allegedly Damaging Homeowners’ Roof
Oct 11 2024 // On an early August morning, a roofing contractor arrived at a Lafayette, Louisiana couple’s house and requested permission to inspect the home’s roof. The roofer’s arrival wasn’t unexpected. The...
Why Homeowners Insurers Are Unprofitable and What To Do About It: Aon
Oct 8 2024 // A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers...
Hippo, Orion180 Expand Homeowner Offerings in Southeast
Oct 7 2024 // Hippo, a publicly traded property insurance brokerage based in California, said it will expand its new homes insurance program in the disaster-prone states of Florida, Texas and California. By the end of this year, Hippo,...
Why US Home Insurance Rates Are Rising Fast – Climate Change Plays a Big Role
Sep 26 2024 // Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024...
Home Insurance Customers Staying Put Despite More Shopping Around: J.D. Power
Sep 18 2024 // Chubb, AIG, and Amica lead other insurers in J.D. Power’s assessment of customer satisfaction for home insurance, but the consumer intelligence company said more people are shopping around. The good news for insurers...
Arrowhead announces new carrier partnership for New Jersey homeowners
Sep 10 2024 // SAN DIEGO, CA., September 10, 2024 – Arrowhead General Insurance Agency, Inc. is pleased to announce its new carrier relationship with DB Insurance Company. Together we have introduced a new admitted homeowner’s...
Australian Homeowners Struggling to Afford Insurance as Climate Risks Grow: Report
Aug 26 2024 // Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dollars in mortgage loans at risk, a report said...
Medical Worker Wants Home Insurance to Cover Her Against Patients’ Data Claims
Aug 5 2024 // A Connecticut clinical social worker believes her homeowners insurer should defend and indemnify her against claims she violated patients’ privacy by accessing and sharing their private medical information. She says...
With American Mobile Out, Florida’s Mobile Home Insurance Market Seems to Have ‘Fallen Apart’
Aug 5 2024 // Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with only moderate rate increases and more availability. But those calmer waters apparently have not...
Orion180 Launches Homeowners Insurance in Ohio
Aug 2 2024 // Orion180 has announced its expansion into the Buckeye State. According to a press release, the company now offers homeowners insurance services and coverage in Ohio through Orion Select Insurance Co., Orion180’s...
California Homeowners Sue FAIR Plan Over Smoke Damage Coverage
Jul 25 2024 // A class action lawsuit is being brought on behalf of more than 350,000 policyholders against the California FAIR Plan over smoke damage coverage. Dylan Schaffer, an attorney representing the plaintiffs, told...
How California’s Homeowners Insurance Crisis Is Affecting Brokers
Jul 23 2024 // A growing homeowners insurance crisis for Californians is straining brokers who must work harder to get increasingly expensive and more frequently unavailable coverage for their clients, a crisis many of them blame on...
Markets/Coverage: Lemonade Expands Home Insurance Offering in UK
Jul 16 2024 // Lemonade, the New York-based insurtech, announced the launch of buildings and contents insurance in the United Kingdom in partnership with insurer Aviva. Expanding the company’s home insurance offerings in the UK,...
Allstate Seeking 34% Rate Hike on California Homeowners Insurance
Jul 12 2024 // Allstate is seeking an increase in its California homeowners insurance premiums by an average of 34%. According to the California Department of Insurance, the Allstate homeowners filing was received by the Department on...
Markets/Coverages: High-End Home Insurer Openly Enters Virginia
Jul 10 2024 // Home insurer Openly has begun offering its coverage options to independent insurance agents and their policyholders in Virginia. Already active in 23 states, the upmarket home insurer said it is launching in Virginia with...
To Insure or Self-Insure? The Question Homeowners Must Answer
Jul 8 2024 // No matter where you live, there’s a good chance the weather’s getting wilder. In just the past few weeks, tornadoes have wreaked havoc on Midwest and Southern states, and large swaths of southern Florida were...
US Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair
Jul 1 2024 // This has been a year of insurance sticker shock in the US. But the man who provides insurance to insurers thinks maybe the shock still isn’t enough to steer people away from risk in a changing climate. “There...
US Auto Insurance Market on the Mend; Homeowners Line Volatile: Fitch
Jul 1 2024 // The U.S. personal insurance sector is positioned for improving underwriting performance in 2024. According to Fitch’s latest U.S. Personal Lines Market Update, the change is predicted amid signs that the previous...
D.A. in California Sues Farmers, Other Home Insurers Alleging Scheme to Underinsure
Jul 1 2024 // Alameda County District Attorney Pamela Price’s Consumer Justice Bureau has sued multiple home insurance carriers in California, including Farmers Insurance Exchange, alleging they’re operating a scheme that...
Allstate, Nationwide Post Dramatic Q12024 Homeowners Loss Ratio Drops: S&P
Jun 28 2024 // In the topsy-turvy world of homeowners insurance, first-quarter loss ratios have been bouncing around for the last five years—from below 50 in 2020 to over 70 in 2021 and 2023, a new analysis shows. The S&P Global...
