Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Indiana Lawmaker Wants to Lower Rates Homeowners Pay to Insurance Fund
Aug 27 2013 // A state lawmaker concerned about Indiana’s recent move to dip into a fund set aside for repairs to homes damaged by soil shifting above old coal mines wants the state’s insurance commissioner to lower the...
Massachusetts High Court Rules for Horace Mann in Policy Reformation Case
Aug 26 2013 // The Massachusetts Supreme Judicial Court, the state’s highest court, recently ruled in favor of an insurance carrier in a case involving a mutual misunderstanding by both the homeowners policyholder and an insurance...
Ohioans See Bump in 2012 Average Insurance Rates
Aug 26 2013 // Ohioans saw increases in their homeowners and auto insurance rates last year, though they’re still getting a bargain. Ohio’s Department of Insurance recently released the 2012 average rates for homeowners and...
Florida’s Citizens Makes Case for Homeowners, Sinkhole Rate Increases
Aug 21 2013 // Florida’s state-backed property insurer is seeking a statewide average 6.6 percent increase in homeowners’ rates and a 24.8 percent increase in sinkhole rates while citing reduced losses and an improved...
A Roundup of Maryland’s New Insurance Laws From 2013 Legislative Session
Aug 21 2013 // The Maryland Insurance Administration issued a bulletin this week summarizing new insurance legislation from the Maryland General Assembly’s 2013 session that have been signed into law by Gov. Martin O’Malley....
Hurricane Sandy Rebuilding Task Force Addresses Insurance Challenges
Aug 20 2013 // The Hurricane Sandy Rebuilding Task Force, led by the U.S. Department of Housing and Urban Development, issued a report Monday that provides recommendations for mitigating harm from future storms. Recommendations include...
How to Manage the Winds of Change for High Net Worth Clients
Aug 16 2013 // As insurance professionals, we’re in the business of anticipating and responding to severe weather. However, heightened activity in recent years points to some startling trends: • Atlantic named storms in the month...
Arkansas Burglars Hit Homes During Funerals
Aug 14 2013 // Authorities in Faulkner County, Ark., say it appears local burglars have been reading the obituaries and breaking into homes while the owners are away a funerals. A woman’s home in Conway was burglarized on Aug. 7...
Florida Regulator McCarty Answers CFO Over Reinsurance Costs
Aug 12 2013 // Florida’s insurance regulator, in response to questions why lower reinsurance costs have not translated into reduced homeowners rates, said insurers have significant leeway in how they incorporate those costs into...
Georgia Supreme Court Expands Coverage for Faulty Construction
Aug 12 2013 // Georgia’s high court has handed contractors and their clients a victory by expanding the scope of a contractor’s general liability policy so that it includes damage due to a contractor’s faulty...
Florida CFO: Why Aren’t Florida Property Rates Falling Along with Reinsurance?
Aug 9 2013 // Florida’s top financial officer is questioning regulators on why reports of significantly lower reinsurance costs worldwide are not translating into reduced premiums for homeowners around the state. Chief Financial...
Oklahoma Commissioner: Program in Place for Hard-to-Insure Homes
Aug 9 2013 // The Oklahoma Market Assistance Program (OK-MAP) is designed to find protection for hard-to-insure homes, Insurance Commissioner John D. Doak says, and the recent tornado outbreak in that state has left many Oklahomans in...
Georgia Commissioner Offers Advice in Wake of Recent Flash Flooding
Aug 7 2013 // With confirmed flash flooding in northern Georgia from torrential rain, Insurance Commissioner Ralph Hudgens is reminding homeowners that policies for mobile or manufactured homes may include coverage for flood damage,...
One-Third Fail to Activate Theft Prevention Measures on Their Homes
Aug 5 2013 // Almost of a third of American homeowners who have anti-theft devices on their homes don’t use them – even during the summer when burglars are at their busiest. A survey commissioned by Nationwide Insurance found...
FEMA Publishes Latest Data on N.J.’s Sandy Recovery
Aug 5 2013 // The Federal Emergency Management Agency recently published its latest figures on federal assistance for New Jersey’s post-Superstorm Sandy recovery effort. FEMA said the total federal assistance so far for New...
How to Manage the Winds of Change for High Net Worth Clients
Aug 5 2013 // Protecting Personal Property in a New Era of Catastrophes As insurance professionals, we’re in the business of anticipating and responding to severe weather. However, heightened activity in recent years points to...
Florida Supreme Court Rules Replacement Cost Includes Contractor’s Profit
Aug 5 2013 // Florida’s high court has ruled that insurers under a 2008 law must pay a contractor’s overhead and profit as part of the expense of repairing a homeowner’s property despite repairs not having been...
Allstate’s Investments Up, Disaster Costs Down in Q2
Aug 1 2013 // Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second-quarter profit climbed on investment gains and reduced costs tied to natural disasters. Net income climbed 2.6 percent to $434 million, or...
Sandy Aid Tilted Toward Neediest N.J. Homeowners
Jul 30 2013 // Federal rules require that at least half of the Superstorm Sandy aid coming to New Jersey goes to residents at or below moderate income levels. An analysis by The Record newspaper finds that so far, the Christie...
New Jersey Flood Victims Face Difficult Buyout Decision
Jul 29 2013 // Bob and Pat Smith have seen many floods in their 47 years on Water Street, but none as severe as in Superstorm Sandy. Last year’s storm waters rose halfway up their front door and left a debris field of mud and mold...
