Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Markets/Coverages: Lemonade Launches Homeowners Insurance in France
Apr 9 2024 // Lemonade, the New York-based insurtech, announced the launch of homeowners insurance in France in partnership with BNP Paribas Cardif. Millions of occupying homeowners can now purchase extensive coverage for their home and...
The Risky Economics of ‘Going Bare’ Without Homeowners Insurance
Apr 8 2024 // Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about disasters like fires or floods or tornadoes. But here is something riskier still: Going without home...
PURE Expanding High Value Homeowners Coverage into Western States
Apr 8 2024 // PURE Specialty Exchange, the specialty surplus lines insurance carrier providing PURE members and high net worth families with services for their complex exposures, has expanded its high value homeowners coverage to six...
US Home Insurance Premiums May Hit a Record This Year, Report Warns
Apr 1 2024 // US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. The average premium for homeowners...
Homeowners Insurance Customers Are Not Happy
Apr 1 2024 // Did your homeowners insurance premium go up this year? Mine did. Of course I live just outside of Austin, Texas, where wildfire risk has risen significantly as the state battles ongoing severe drought. Even with a nearly...
Minnesota Homeowners Report Surge in Insurance Complaints
Mar 22 2024 // Minnesota homeowners insurance complaints rose 108% from 2020 to 2023, with of those complaints from homeowners concerned their claims were denied or they faced high out-of-pocket costs after damage from wind and hail. The...
State Farm Nonrenewing 30K California Homeowners, Renters
Mar 20 2024 // State Farm General Insurance Co. said it will non-renew 30,000 California homeowners, rental dwelling, and other property insurance policies State Farm announced in May last year it had stopped accepting new policy...
Homeowners Insurance Customer Satisfaction at 7-Year Low
Mar 20 2024 // With 28 catastrophic weather events in 2023 causing nearly $93 billion in damage, customer service satisfaction plunged to a seven year low, according to the latest J.D. Power 2024 U.S. Property Claims Satisfaction Study...
Xcel Energy Utility Equipment Started Texas Wildfire, Homeowner Claims in Lawsuit
Mar 4 2024 // March 1 (Reuters) – A Texas homeowner whose house was destroyed by a massive wildfire raging northeast of Amarillo sued electric utility Xcel Energy XEL.O on Friday, alleging that a splintered power pole owned by the...
Top 4 Alternatives to Purchasing Homeowners Insurance
Mar 4 2024 // Homeowners insurance companies are having a rough year. What’s worse is that they seem to be taking it out on us, their customers. According to an article on Policygenius, the cost of homeowners insurance went up an...
Fitch: Homeowners Insurers’ Results to Improve In 2024
Feb 23 2024 // U.S. homeowners’ insurance is in position to improve in 2024, according Fitch Ratings. The rating agency said premium revenue growth, tied to recent substantial price increases and more diligent underwriting to...
In SW Florida, High Home Insurance Rates Are Driving Away Would-Be Buyers
Feb 14 2024 // (Bloomberg) — Florida’s southwestern coast — long one of America’s fastest-growing regions — is losing some of its boomtown swagger as a home-insurance crisis and other soaring costs make homes...
Iceland Plans to Buy Out Homeowners in Volcano-Struck Town
Feb 13 2024 // Iceland’s government has agreed to buy all residential properties in the fishing town of Grindavik, which has become uninhabitable after three volcanic eruptions rocked the region in the last two months. Grindavik...
California’s Homeowners Insurance Shift: Population, Inflation and Admitted Insurer Exits
Feb 5 2024 // The excess and surplus lines homeowners insurance market in California has undergone significant changes in recent years. The number of policies has changed substantially in over the last decade — first increasing,...
2 Pennsylvania Homeowners Urged to Evacuate Due to Landslide
Feb 2 2024 // Authorities have urged two western Pennsylvania homeowners to evacuate their residences due to a nearby landslide. The slide in the Sonoma Ridge development in Allegheny County’s Moon Township closed part of a road...
Reforms to US Disaster Aid Expose Growing Home Insurance Gap
Jan 29 2024 // When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency delivered $3.25 billion to nearly 1.4 million households...
Amazon Pulls Plug on UK Home Insurance Venture
Jan 25 2024 // Amazon has pulled the plug on its UK home insurance venture – a comparison website – after launching in October 2022. “Over the last year, we have been evaluating various businesses and programs, and as a part of...
The Hartford to Discontinue Writing New Homeowners Policies in California
Jan 24 2024 // The Hartford confirmed this week it will discontinue writing new homeowners policies in California. The carrier reportedly has less than 1% of the state’s homeowners market. The Hartford issued the following...
Carolina Homeowners Give an Earful on Proposed 42% Average HO Rate Increase
Jan 23 2024 // North Carolinians have had plenty to say about a proposed homeowners insurance rate increase that could, on average, raise rates in the state by double digits. At a public forum held online and in Raleigh, homeowners...
2024 Oregon Consumer Laws Include Protections for Homeowners Dealing with Wildfire
Jan 22 2024 // Consumer protections for homeowners dealing with wildfire-related issues, property contents coverage, personal data protection and prescription drugs are set to go into effect in 2024. The Oregon Division of Financial...
