Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Florida Regulator Report Shows AOB Abuse Worsening Statewide
Feb 5 2018 // The epidemic of assignment of benefits (AOB) abuse that has been plaguing Florida for several years is only getting worse, says a new report from the Florida Office of Insurance Regulation (OIR). The most recent data call...
Insurance Council of Texas: Justified Consumer Complaints Minimal in 2017
Jan 31 2018 // Despite another year of bad weather, data from the Texas Department of Insurance (TDI) shows that justified consumer complaints continued to be low, the Insurance Council of Texas (ICT) reports. Out of 6.7 million...
Foreclosure Fears Rise in Texas with Jump in Late Mortgages After Harvey
Jan 29 2018 // As Jacob Lerma surveyed the skeletal beams of his suburban Houston home that was flooded during Hurricane Harvey, he kept muttering three words as he wondered if his family would ever be able to move back in: “I...
Some California Mudslide Victims Returning to Homes as Evacuation Orders Begin to Lift
Jan 26 2018 // Authorities are allowing some Montecito residents to return home, two weeks after mudslides ravaged the Southern California community and killed at least 21 people. Santa Barbara County spokeswoman Gina DePinto says...
Startup Neptune Offering Digital Private Flood Product to Agents, Carriers in Nationwide Expansion
Jan 25 2018 // A digital startup private flood insurance provider, Neptune Flood, has secured $2 million in seed round funding and has plans to “aggressively expand” nationwide by offering its platform to carriers, agencies...
Keeping Flood Insurance Above Water: Commentary
Jan 25 2018 // With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform...
Florida Agents March on State Capitol in Lawmaker Push to Reform AOB
Jan 25 2018 // More than 125 insurance agents from across Florida, along with members of the Consumer Protection Coalition (CPC), march to the Florida Capitol on Wednesday to highlight the need for Assignment of Benefits (AOB) reform....
With $25 Million in New Funding, Home Insurtech Hippo to Expand
Jan 24 2018 // Insurtech Hippo has nailed down $25 million in new Series B funding, a cash infusion the provider of super-quick homeowners insurance will use to fuel a hiring and geographical expansion. Comcast Ventures and Fifth Wall...
Homes Destroyed, Power Outages in Texas Storm
Jan 22 2018 // Heavy thunderstorms produced hail and possible tornadoes in northeast Texas on Sunday night, with the communities of DeKalb and Winnsboro hardest hit, according to the Insurance Council of Texas. In DeKalb, a possible...
Man Charged with Generator Fraud in Connecticut after Superstorm Sandy
Jan 22 2018 // An Oregon man has been charged with stealing deposits Connecticut homeowners had made for generators after Superstorm Sandy. The Stamford Advocate reports that 56-year-old John Mech, of Seaside, Oregon, took a $7,500...
North Carolina Rejects Proposed 18.7% Homeowners Rate Increase
Jan 22 2018 // The Commissioner of Insurance for North Carolina says a recent rate increase of 18.7 percent proposed by North Carolina insurers is unwarranted and has set a hearing date for later this year to resolve the...
Florida Appeals Court, Regulator Reject Policy Language Aimed at Curbing AOB Abuse
Jan 22 2018 // A Florida appeals court has sided with the state’s insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision could have a...
Report Shows Florida AOB Abuse Worsening as Lawmakers Consider Reforms
Jan 17 2018 // The 2018 Florida Legislative Session is underway, and lawmakers have wasted no time taking up legislation to address the assignment of benefits crisis plaguing the state. While they debate which reform option to back,...
Verisk’s ISO Personal Lines Program Targets $40 Billion Private Flood Insurance Market
Jan 11 2018 // Things just got a bit easier for private personal lines insurance carriers wanting to enter the flood insurance market. Through its ISO subsidiary, data analytics firm Verisk has launched a new personal lines flood...
Homeowners Insurtech Hippo Partners with Spinnaker to Expand into States
Jan 11 2018 // California-based insurtech company Hippo has formed a strategic partnership with Spinnaker Insurance Co. to expand its product offerings into new states. Hippo offers homeowners insurance through an online platform, as...
Florida Appeals Court, Regulator Reject Policy Language Aimed at Curbing AOB Abuse
Jan 10 2018 // A Florida appeals court has sided with the state’s insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision could have a...
Four Rhode Island Homes Damaged in Fire
Jan 8 2018 // Four multi-family homes have been damaged and six residents and two firefighters injured following in an early morning fire in Providence, R.I. Fire officials say the blaze was reported at around 3 a.m. Saturday in the...
North Carolina Insurance Regulator Denies 18.7% Homeowners Rate Increase
Jan 8 2018 // The Commissioner of Insurance for North Carolina says a recent rate increase of 18.7 percent proposed by North Carolina insurers is unwarranted and has set a hearing date for later this year to resolve the...
Louisiana Citizens Policy Count Dropping Again
Jan 8 2018 // The Louisiana Department of Insurance (LDI) estimates that the state’s property insurer of last resort has gone from the third largest property insurance company to the 35th in 10 years. Louisiana Insurance...
New Jersey Contractor Hit with Fraud Charges Over Post-Sandy Work
Dec 28 2017 // A contractor who performed work on Superstorm Sandy-damaged homes pressured customers into signing contracts and then performed shoddy work it failed to correct, state prosecutors alleged Tuesday. State Attorney General...
