Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Citizens to Request 8.2% Rate Increase from Florida Regulators
Dec 13 2018 // Citizens Property Insurance Corp. will file for a statewide average increase of 8.2 percent for personal lines policyholders – homeowners, condominium owners and renters. The Florida insurer of last resort’s Board...
Report: More Than 87K Floridians Dropped by Home Insurers Last Quarter
Dec 12 2018 // State records show home insurers have dropped the policies of more than 87,000 Floridians in the third quarter of this year. The Palm Beach Post reports that state records also show half of the state’s top 10...
I.I.I. Study Cites AOB Abuse for Increasing Insurance Costs In Florida
Dec 12 2018 // A new study released by the Insurance Information Institute (I.I.I.) finds that Florida’s assignment of benefits (AOB) crisis has cost consumers billions of dollars in unnecessary litigation and inflated claim costs...
Low Earthquake Insurance Take-up in Alaska Due to High Cost?
Dec 11 2018 // With Alaska’s history of earthquakes, you might assume most homeowners have earthquake insurance. That’s not the case, the Anchorage Daily News reported. Only about 15 percent of Alaska homeowners buy...
Program Offering to Buy Out Louisiana Homeowners in Floodways
Dec 5 2018 // Louisiana program helping people affected by the 2016 floods is offering buyouts to those living in especially hazardous areas, state officials said. Restore Louisiana officials said that homeowners in floodways can...
Fire Severely Damages Three New Jersey Shore Homes
Dec 5 2018 // Authorities say a fire in a New Jersey Shore town has severely damaged three homes, hurt at least two people and left one elderly woman missing. The fire in Sea Isle City broke out shortly before noon Thursday, sending...
Will California See More Laws and Regulations in Wake of Wildfires?
Dec 3 2018 // Last year’s California wildfires destroyed thousands of homes and cost billions of dollars, but they also created numerous new laws and regulations in their wake as Legislators and insurance regulators looked for...
Survey from Regulator of Largest U.S. Insurance Market Shows More Coal Divestment by Insurers
Nov 29 2018 // California Insurance Commissioner Dave Jones on Thursday revealed he’s had some success with his 2018 Climate Risk Carbon Initiative Coal Divestment Follow-Up Survey. Jones said the results of the survey reflect an...
2.9M Colorado Residents Now Living in Areas at Risk Of Wildfire
Nov 29 2018 // The number of Coloradans whose homes are at risk from wildfires soared 45 percent in five years, reflecting the state’s booming population and changing uses of agricultural land, state officials said. The Colorado...
How Taxpayers Subsidize Rebuilding Homes After Flooding… Repeatedly
Nov 28 2018 // Floodwaters rose about 15 inches (40 centimeters) into Danielle Rees’ home in September when Hurricane Florence drenched this tidewater city on the Pamlico River and overwhelmed a local creek and marshland. The first...
A.M. Best Assesses Wildfires’ Effect on Home Insurance Market, Insurers’ PG&E Exposure
Nov 20 2018 // Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires, according to ratings agency A.M. Best. It was recently determined that a second...
Thousands of Homes Still Lack Gas Service After Massachusetts Blasts
Nov 19 2018 // The company at the center of the natural gas explosions in Massachusetts in September says it has restored gas service to about 60 percent of affected homes, but nearly 1,760 families remain in temporary housing. The Sept....
$8.6B Worth of Homes at High or Extreme Risk from California Fires
Nov 16 2018 // A report out on Friday shows 23,044 homes with a total reconstruction cost value of $8.6 billion are at high or extreme risk of wildfire damage within the perimeters of the Camp Fire in Northern California and the Woolsey...
Will California See More Laws and Regulations in Wake of Wildfires?
Nov 13 2018 // Powered by InsuranceJournal.tv Last year’s California wildfires destroyed thousands of homes and cost billions of dollars, but they also created numerous new laws and regulations in their wake as Legislators and...
Climate Groups Warn About Virginia Tax Cut for Homes in Flood-Prone Areas
Nov 9 2018 // A measure approved by Virginia voters this week to cut taxes on homes in flood-prone areas of the flood-prone commonwealth has climate experts warning that it might encourage people to remain in vulnerable areas –...
Some UK Insurers May Be Forced to Adjust Motor, Home Insurance Prices: Fitch
Nov 7 2018 // Some UK insurers may be forced to change how they set their prices for motor and home insurance as a result of a regulatory investigation next year, according to Fitch Ratings. Insurers have been accused of overcharging...
South Carolina Residents Sue Company Over Toxins Flooded Into Homes by Florence
Nov 5 2018 // Residents of a South Carolina town are suing one of the area’s major employers alleging it allowed toxins to flood onto their property and into their home during Hurricane Florence. The State reports Cheraw residents...
Weather, Wildfire Claims an Increasing Share of Home Insurance Losses
Oct 31 2018 // U.S homeowners insurers saw an increase in both the number of losses and the percentage of those losses that resulted from an extreme weather event during 2017. According to a LexisNexis Home Trends report, loss costs...
What’s Happening and What Lies Ahead for P/C Insurance Pricing: Moody’s
Oct 30 2018 // The current pricing environment for property/casualty insurers is “modestly positive,” with commercial and personal auto rates rising by mid-to-high single digits, homeowners and commercial property rates...
Insurtech Profile: Openly’s ‘Sophisticated’ Digital Experience for Independent Agents
Oct 26 2018 // Keep an eye out for Openly, a new digitally-sophisticated upmarket homeowners insurer catering to independent agents. According to Ty Harris, founder and CEO, Openly will launch in early 2019 in a yet-to-be-announced large...
