Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report
Sep 20 2023 // Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties around the country are insured at prices that haven’t caught up with the danger of hurricanes, wildfires and...
AM Best Revises US Homeowners Insurance Segment to Negative as Losses Persist
Sep 18 2023 // The U.S. homeowners insurance segment has been hit with three consecutive years of net underwriting losses as a result of above-average numbers of natural catastrophes, inflationary pressures and elevated reinsurance...
Policygenius Finds Average Home Insurance Prices Up 21%
Sep 14 2023 // Online insurance marketplace Policygenius has found that home insurance premiums at renewal increased 21% on average from May 2022 to May 2023. The state that saw the highest average increase for homeowners insurance...
Reinsurance Association Releases Paper on California Homeowners Insurance Market, Urges Policymakers Consider Risks of Inaction
Sep 5 2023 // The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction. The paper, “Dynamics and Challenges in...
Home Insurance as a Work Benefit? Recoop Says It’s Bringing it to Florida and All States
Aug 28 2023 // Health insurance. Dental insurance. Accidental death and dismemberment. Why not homeowners insurance as an employee benefit? That’s exactly what Darren Wood is thinking. Wood is the founder and chief product officer...
Survey Finds Homeowners Are Putting Off Repairs, Reducing Homeowners Coverage
Aug 18 2023 // Many U.S. homeowners are delaying home repairs, potentially putting their property at risk of damage, according to the latest Nationwide Agency Forward survey. A quarter of the homeowners surveyed (26 percent) are unaware...
Hawaiian Utility Sued by Homeowner Over Lahaina Fire
Aug 17 2023 // The Hawaiian power company in the crosshairs after wildfires ripped through parts of Maui faces a new lawsuit blaming its equipment for starting blazes that claimed more than 100 lives and wreaked billions of dollars in...
Homeowners Had Issues with Hot Water Tank Before Deadly Blast in Pennsylvania
Aug 17 2023 // The owners of a home that exploded in western Pennsylvania last weekend were having issues with their hot water tank, authorities said, but the cause of the blast that killed five people — including two municipal...
Australia’s Climate Risks Are Making Home Insurance Unaffordable
Aug 14 2023 // Australian home insurance premiums jumped the most in two decades in the past year, driven by weather catastrophes and higher building costs, new research showed. Median home insurance premiums surged 28% to A$1,894...
Miami’s Septic Tanks, Trash Problems Test Appeal to Rich Homeowners
Aug 11 2023 // Miami wants to attract even more out-of-state workers and wealthy newcomers like hedge fund tycoon Ken Griffin. But first, County Mayor Daniella Levine Cava faces a huge environmental problem: overflowing garbage heaps and...
Connecticut Agent’s Failure to Disclose Dog Comes Back to Bite Homeowner
Aug 7 2023 // A Connecticut homeowner who is being sued by a woman who alleges his dog bit her in the face is not entitled to insurance coverage because his home insurance application, which was completed by his insurance agent,...
Lemonade Posts Q2 Loss of $67.2M, Reviews Homeowners Book
Aug 3 2023 // Artificial intelligence-powered insurer Lemonade recorded a net loss of $67.2 million for the second quarter compared with a net loss of $67.9 million a year ago during the same period. Catastrophes, specifically severe...
Homeowners Affected by Hurricanes Urged to Complete Restore Louisiana Survey by August 1
Jul 26 2023 // Louisiana Gov. John Bel Edwards and the Office of Community Development announced that homeowners impacted by Hurricanes Laura, Delta, Ida and the May 2021 severe storms have until August 1 to complete the Restore...
Lightning to Blame for $952M in Homeowners Claims in 2022
Jul 17 2023 // Claims involving lightning in 2022 resulted in homeowners insurance payouts approaching $1 billion, according to the Insurance Information Institute. The total value of claims in 2022 attributable to lightning was $952...
Agent’s Failure to Disclose Dog Comes Back to Bite Homeowner
Jul 12 2023 // A Connecticut homeowner who is being sued by a woman who alleges his dog bit her in the face is not entitled to insurance coverage because his home insurance application, which was completed by his insurance agent,...
Farmers Limits New Homeowners Policies in California, Prompting Insurer Group to Call for Reform
Jul 7 2023 // Farmers will limit new homeowners insurance policies in California, according to a statement issued by the carrier that follows a similar decision by State Farm last month and adds to a growing list of major carriers...
Mercury Offering New Homeowners and Renters Coverages and Discounts in Nevada
Jul 4 2023 // Los Angeles, Calif.-based Mercury Insurance announced five new coverages and five new discounts available for homeowners and renters in Nevada. Mercury’s new coverages provide additional insurance protections with an...
Louisiana Homeowners Eligible for Roofing Retrofitting Grants
Jul 3 2023 // Louisiana homeowners will soon be able to apply for grants to retrofit their roofs to beyond-code construction standards, spurring discounts to their insurance premiums. State lawmakers appropriated $30 million to the...
Nevada Law Signed to Help Homeowners Move from Sinking Nevada Neighborhood
Jun 23 2023 // A North Las Vegas neighborhood is marking passage of a state law committing $37 million to help homeowners move from the once- segregated neighborhood where geologic features have made homes crack, sink and sometimes...
Florida Homeowner Charged for Double-Dipping on Kitchen Water Damage Claim
Jun 22 2023 // A homeowner in Florida has been charged with fraud after failing to report a previous claim on her house, the state’s Department of Financial Services said Wednesday. Nancy Salomon, of Port St. Lucie, applied for an...
