Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
ISO Files Homesharing Coverage Options For Homeowners’ Policies
Nov 16 2016 // ISO has introduced new homesharing insurance options to address exposures that policyholders may face when renting out all or parts of their homes. The new homeowners coverage options and accompanying rating provisions...
Columbus, Ohio, to Pay Homeowners $37K for Damage from 2015 Blast
Nov 9 2016 // Columbus, Ohio, has agreed to pay more than $37,000 to the owners of one of more than two dozen homes damaged last year when a home exploded after a gas leak. The Columbus Dispatch reports City Council members approved the...
Insurers for Oregon Homeowners to Pay in Settlement of Tree Cutting Case
Nov 9 2016 // Two Gresham, Ore. couples have agreed to pay $135,000 to settle a lawsuit accusing them of cutting down or damaging dozens of protected trees to improve the views from their homes. The Oregonian/OregonLive reported court...
California Commissioner Orders State Farm to Reduce Homeowner Rates
Nov 8 2016 // California Insurance Commissioner Dave Jones on Tuesday issued a decision requiring State Farm Insurance Co. to reduce its dwelling insurance rates by an average of 7.0 percent, resulting is $78.6 million in annual savings...
1.8 Million Western U.S. Homes at Extreme or High Wildfire Risk, Report Shows
Nov 7 2016 // Data provider CoreLogic’s new annual Wildfire Risk report designates 1.8 million single-family homes across 13 Western states as being at “Extreme” or “High” risk of wildfire damage,...
Mobile Homes On the Way to North Carolina Flood Victims
Nov 6 2016 // Families in four North Carolina counties forced from their homes after flooding from Hurricane Matthew could be moving into mobile homes soon. Gov. Pat McCrory said Thursday the Federal Emergency Management Agency approved...
Allstate, Esurance Take Hit from Losses in Q3
Nov 4 2016 // Catastrophe losses climbed 78 percent for Allstate in its 2016 third quarter, a trend that led to a double-digit drop in net income and higher losses for Esurance, its online auto and home insurance provider. The...
AG Defends California Insurance Commissioner’s Regulatory Move
Nov 2 2016 // The California Supreme Court heard oral arguments this week, during which the Attorney General’s office in suit filed by the insurance industry defended a regulatory move by Insurance Dave Jones. The regulation was...
Trick-or-Treating and Homeowners’ Liability for Injuries: A Guide
Oct 31 2016 // Halloween pranks. Google this phrase and more than 5 million results link you to a myriad of ways to “mess with peoples’ minds” on Halloween. Some of the recommended pranks require a higher education to...
Pennsylvania Insurance Commissioner Warns Flood Victims About Repair Scams
Oct 27 2016 // Pennsylvania Insurance Commissioner Teresa Miller is urging homeowners whose properties suffered damage in the recent flooding that hit several North Central Pennsylvania counties to be cautious of scams when seeking...
Homeowners Insurance Claims, Loss Costs Declining, LexisNexis Report Finds
Oct 27 2016 // A study of home insurance trends reveals good news for home insurance carriers: homeowner claims continue to decrease and loss costs are flat or on the decline. The 2016 LexisNexis Home Trends Report notes that while the...
U.S. Homeowners Insurers’ Premiums Growing But Return on Equity Down: Aon
Oct 26 2016 // The U.S. homeowners insurance market is on track for continued growth in direct premiums for 2016 despite a decreasing return on equity for insurers. U.S. homeowners premium is set to surpass $90 billion for the first...
1.8 Million Western U.S. Homes at Extreme or High Wildfire Risk, Report Shows
Oct 26 2016 // Things haven’t gone as bad as they could have so far in 2016 coming off last year’s record-setting wildfire season in the Western U.S., according to a report out today detailing wildfire risks to properties in...
Homesharing Giant Airbnb Faces Rising Legal, Regulatory Risks in Big Cities
Oct 24 2016 // Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning. In eight years of torrid growth, the company has often clashed with local public officials seeking to minimize the...
North Carolina Insurers Want Supreme Court Review of 25% Rate Hike Denial
Oct 24 2016 // The homeowners insurance rate increase disagreement between the North Carolina Department of Insurance (NCDOI) and the insurance industry is not over. The North Carolina Rate Bureau (NCRB), which files rates with NCDOI on...
Fire Damages Nearly a Dozen Homes at Pennsylvania Apartment Complex
Oct 11 2016 // Fire officials say flames swept through an eastern Pennsylvania apartment complex, causing extensive damage to a unit of about a dozen homes. More than a dozen firetrucks and ambulances responded to the blaze at the...
Ohio Home, Auto Insurance Rates Up Slightly but Still Among Nation’s Lowest
Oct 10 2016 // The Ohio Department of Insurance (ODI) reports that average premiums for auto and home insurance in the state rose in 2015 but not by much. The average rate changes in 2015 for Ohio’s top 10 homeowners and private...
Fitch: Matthew Losses Manageable for Florida Property Insurers
Oct 7 2016 // Hurricane Matthew will pressure the earnings of some insurance underwriters in Florida and other southeast states but is not expected to present a major capital challenge, Fitch Ratings says. Fitch estimates that if the...
Florida Gov: Some 600,000 Florida Homes Without Power Due to Hurricane
Oct 7 2016 // About 600,000 Florida homes were without power on Friday due to Hurricane Matthew and more outages were likely, Governor Rick Scott told a news conference, as the storm moved near the state’s Atlantic coast on a...
North Carolina Insurers Want Supreme Court Review of 25% Home Insurance Rate Hike Denial
Oct 4 2016 // The homeowners insurance rate increase disagreement between the North Carolina Department of Insurance (NCDOI) and the insurance industry is not over. The North Carolina Rate Bureau (NCRB), which files rates with NCDOI on...
