Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Could Citizens Become Too Competitive in Florida?
Aug 4 2014 // Florida’s state-backed property insurer’s proposed rate reduction is raising questions about whether it will make the insurer competitive with the private market. Citizens Property Insurance Corp. recently...
6.5 Million Homes from Maine to Texas at Risk for Storm Surge: CoreLogic
Aug 4 2014 // More than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation, representing nearly $1.5 trillion in total potential reconstruction costs. More than $986 billion of that risk is...
South Carolina Mandates Home Insurance Education, Disclosure
Aug 4 2014 // South Carolina Insurance Director Ray FarmerSouth Carolina Insurance Director Ray Farmer has issued a bulletin drawing the industry’s attention to the provisions of the Competitive Insurance Act passed this year. The...
New Suit Filed in Louisiana Claims Chinese Drywall Destroyed Homes
Aug 1 2014 // Lawyers for people who say their homes were wrecked by defective drywall made in China have filed a new lawsuit against the manufacturers and a new defendant — the Chinese Cabinet agency that oversees the country’s...
Senate Committee Holds Hearing on Flood Claims Process After Sandy
Jul 30 2014 // A U.S. Senate committee today conducted a hearing titled “The Flood Insurance Claims Process in Communities After Sandy: Lessons Learned and Potential Improvements,” where lawmakers had a chance to listen to...
Weekend Storm Destroys Homes in Tennessee; No Injuries Reported
Jul 29 2014 // Powerful storms that raked across several states in the eastern U.S. on Sunday destroyed at least 10 homes in Tennessee, but there were no immediate reports of any deaths or injuries, authorities said. Spokeswoman Gina...
California Wildfire Destroys 13 Homes, Hundreds of Homes at Risk
Jul 28 2014 // Firefighters in Northern California made progress Sunday against a wildfire that has destroyed 13 homes and forced hundreds of evacuations in the Sierra Nevada foothills, while a fire near Yosemite National Park that...
Federated National Launching Another Florida Home Insurer, Monarch National
Jul 28 2014 // Florida homeowners’ insurer Federated National Holding Co. and the Canadian bank and investment manager C.A. Bancorp Inc. have agreed to form a new Florida-based homeowners insurance carrier to be named Monarch...
With Premium Refunds in Process, Washington Criticism of Flood Insurance Ebbs
Jul 28 2014 // Insurance agent, insurance carrier and real estate lobbyists praised federal regulators in charge of the National Flood Insurance Program (NFIP) last week on Capitol Hill, agreeing that the process of issuing flood...
Florida Frets That With Proposed Rate Cut, Citizens Could Be Too Competitive
Jul 22 2014 // Florida’s state-backed property insurer’s proposed rate reduction is raising questions about whether it will make the insurer competitive with the private market. Citizens Property Insurance Corp. recently...
Despite Increases Ohio Auto, Home Insurance Rates Still Among the Lowest
Jul 21 2014 // Lieutenant Governor and Department of Insurance Director Mary Taylor says Ohio’s average auto and homeowner’s rate remain among the lowest in the country despite increases taken in the past two years. In 2013,...
Home Emergency Insurance Relaunches Protection Plans in California
Jul 21 2014 // HomeServe USA’s subsidiary Home Emergency Insurance Solutions is relaunching its optional Water Service Line Insurance plans as home protection plans to more than 425,000 households across the state of California. A...
Louisiana Commissioner Asks State Farm to Offer Lower Hurricane Deductible
Jul 17 2014 // Insurance Commissioner Jim Donelon has asked State Farm Fire and Casualty Co. (State Farm) to offer its Louisiana policyholders Louisiana the option of a 2 percent hurricane deductible on their homeowners’ insurance...
North Carolina Hearing on 25% Homeowners Hike Moved to October
Jul 17 2014 // North Carolina’s insurance commissioner has postponed until October a hearing into a request by homeowners insurance companies to raise rates by an average of 25 percent statewide. Commissioner Wayne Goodwin said the...
Louisiana Parishes Buying Out Flood Prone Homes
Jul 16 2014 // Terrebonne Parish in Louisiana has a $4 million grant it’s using to buy nine storm-damaged or flood-prone homes throughout the parish. Lafourche Parish has a similar program, but only two households are...
Despite Increases Ohio Auto, Home Insurance Rates Remain Low
Jul 10 2014 // Lieutenant Governor and Department of Insurance Director Mary Taylor says Ohio’s average auto and homeowners insurance rates remain among the lowest in the country despite recent increases. In 2013, the average rate...
Alaska Homeowner Fills 8-Story Mystery Sinkhole
Jul 10 2014 // Geophysicists don’t know what caused a sinkhole measuring about 80 feet deep to appear in a Fairbanks, Alaska resident’s yard last week. And they might never know. Homeowner Al Schultz had safety concerns about...
Lighthouse Property Insurance Launches Dwelling Fire Product in South Carolina
Jul 10 2014 // Owners of South Carolina rental properties have the option of insuring their residences through Lighthouse Property Insurance Corp. beginning July 14. The coverage is available for rental residence or an owner-occupied...
6.5 Million Homes from Maine to Texas at Risk for Storm Surge: CoreLogic
Jul 10 2014 // More than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation, representing nearly $1.5 trillion in total potential reconstruction costs. More than $986 billion of that risk is...
Home Emergency Insurance Solutions Relaunches Home Protection Plans in California
Jul 3 2014 // HomeServe USA‘s subsidiary Home Emergency Insurance Solutions (HEIS), is relaunching its optional Water Service Line Insurance plans as home protection plans to more than 425,000 households across the state of...
