Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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...
Head of Crumbling Foundations Fund in Connecticut Says $1B Needed
Oct 23 2018 // The superintendent of a new captive insurance company charged with distributing millions of dollars to Connecticut homeowners with crumbling foundations is warning he doesn’t have nearly enough money to address the...
Travelers Teams with Amazon to Offer Smart Home Products, Insurance Quotes
Oct 16 2018 // The Travelers Companies Inc. is teaming up with Amazon to offer smart home kits, insurance quotes and risk management information through a digital storefront: Amazon.com/Travelers. Customers will be able to obtain smart...
Montana Homes in Fire-Prone Areas Hike Firefighting Costs, Report Shows
Oct 15 2018 // Rapid population growth and the desire to live near forests means new housing in western Montana is being built in wildfire-prone areas, increasing taxpayer-funded fire suppression liabilities and putting lives and...
Woes of California Wildfire Victims Include Cleanup Crews, Fraud
Oct 11 2018 // One year after a devastating series of wildfires ripped through Northern California wine country, destroying thousands of homes, the U.S. Army Corps of Engineers’ first experience cleaning up after a wildfire has...
CoreLogic: 57K Homes in Florida Totaling $13.B RCV At Risk from Hurricane Michael
Oct 9 2018 // At least 57,000 homes along Florida’s Gulf Coast with a reconstruction cost value (RCV) of about $13.4 billion are a potential risk of storm surge damage from Hurricane Michael, according to a data analysis released...
American Traditions Insurance Launches Renters Policy in Florida
Oct 3 2018 // American Traditions Insurance Co. (ATIC) has launched a renters (HO4) product in the Florida marketplace. The HO4 product will be available through independent agents currently participating with the carrier. The renters...
Insurtech Kin Insurance Expands Homeowners Offering into Georgia
Oct 2 2018 // Kin Insurance, an insurtech startup offering insurance for homeowners, has expanded into Georgia. Kin uses big data analysis to help simplify the process of obtaining homeowners insurance. Kin aggregates data from public...
Florence Impact on Insurers Tempered by Mostly Uninsured Flood Losses
Oct 1 2018 // Insurance industry losses from Hurricane Florence, which hit the Carolinas mid-September as a Category 1 storm, will be manageable and not have a severe impact on insurers, according to experts. As the storm turned out to...
Just Like Many British Homes, UK Insurers’ Shares Are Subsiding This Summer
Sep 28 2018 // Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country’s non-life insurers sector had its steepest drop in more than a year-and-a-half on Friday after its biggest constituent,...
Florence Impact on Insurers Tempered by Mostly Uninsured Flood Losses
Sep 25 2018 // This enhanced satellite image made available by NOAA shows Hurricane Florence off the eastern coast of the United States on Wednesday, Sept. 12, 2018 at 5:52 p.m. EDT. (NOAA via AP) Insurance industry losses from Hurricane...
High Winds, Tornadoes Damage Homes, Businesses in Southern Minnesota
Sep 24 2018 // Several tornadoes struck southern Minnesota as severe storms packing powerful winds and heavy rain left a trail of destruction overnight, the National Weather Service said Friday. The extreme weather late Thursday damaged...
California Passes Handful Bills Aimed at Protecting Wildfire Survivors
Sep 21 2018 // Five bills that their proponents say will protect wildfire survivors were signed by California Gov. Jerry Brown on Friday. The bills are aimed at addressing critical issues facing wildfire survivors including...
Did You Just Ask That?
Sep 19 2018 // We’ve received a few questions lately through our Ask an Expert service that motivated this post. Wait. You don’t know about Ask an Expert? It’s a benefit of the new subscription service through Insurance...
After Florence Floods, Uninsured Awaken to Painful Reality
Sep 19 2018 // Flood insurance was far from Stephanie Walker’s mind in 2015 when she moved her family into a home in Fayetteville in central North Carolina, nearly 200 miles (320 km) from the coast. The next year, a creek at the...
Tower Hill Specialty Expands Homeowners Products into Alabama
Sep 18 2018 // Tower Hill Specialty insurance products for homeowners are now available in Alabama, as the Ohio-based company expands its regional focus in the Southeast. Specializing in personal lines property products, Tower Hill...
