Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Florida’s Citizens Seeks 6.6% Home Rate Hike; Cap on Sinkhole Rates in High-Risk Areas
Jun 27 2013 // Florida’s state-backed property insurer requested a statewide average 6.6 percent increase in homeowners’ rates along with a cap on sinkhole rate increases in three high-risk counties at between 20 percent and...
Insurers Abandon Long Island After Superstorm, N.Y. Senator Schumer Says
Jun 25 2013 // Allstate Corp. is among insurers retreating from the Long Island, New York, homeowners market after superstorm Sandy and should be compelled to offer coverage there, New York Senator Charles Schumer said. Liberty Mutual...
New Jersey Still Looking for Takers for $10K Sandy Grants
Jun 24 2013 // Here’s a problem you don’t hear about that often with a state grant program: New Jersey is giving away $10,000 to 18,000 people, and there are not enough takers. The grant money comes from the Homeowner...
Rate Hikes on Agenda for Florida’s Citizens Insurance
Jun 24 2013 // Florida’s largest property insurer, already under fire for everything from recent business deals to how much it pays its executives, is readying another round of rate hikes for homeowners. The board of Citizens...
Colorado Wildfire Burns More Than 500 Homes, New Blazes in West
Jun 19 2013 // The number of homes destroyed by a Colorado wildfire rose above 500 on Tuesday as rain dampened the flames and allowed damage assessment teams to enter charred neighborhoods, as other threatening blazes grew in Alaska and...
New FEMA Flood Maps Bring Some Relief to New Jersey Coast
Jun 18 2013 // More than seven months after Superstorm Sandy devastated parts of the Jersey shore, thousands of homeowners are getting some relief from crushing rebuilding and insurance costs. The federal government has updated its flood...
Claims Pros’ Own Survival Skills Tested in Oklahoma Tornadoes
Jun 17 2013 // Michael Pelonero came to Moore to help victims of the May 20th tornado. But he hadn’t planned on trying to outrun one. When a massive EF-5 twister cut a swath through the central Oklahoma suburb of Moore, it left 24...
Homeowners Struggle with Rising Insurance Costs
Jun 17 2013 // When Stan Virden moved into his 2,400-square-foot house overlooking a rock-lined canal in 1996, he paid less than $1,000 a year for homeowners insurance. Now, as he seeks to move to Atlanta to be near family, Virden says...
4.2M U.S. Homes at Risk of Storm-Surge Damage: CoreLogic
Jun 17 2013 // More than 4.2 million homes along the U.S. Atlantic and Gulf Coasts are located within storm-surge risk zones, totaling more than $1.1 trillion in property exposure, according to residential property information and...
NYC Resiliency Task Force Urges Raised Homes, Toxic Material Safety
Jun 14 2013 // New York City’s buildings would be required to provide drinking water in common areas and have exterior plugs for temporary generators under proposals to make homes and businesses more resistant to major...
Colorado Wildfire Destroys At Least 360 Homes
Jun 13 2013 // A wildfire in Colorado has destroyed at least 360 homes, topping last year’s record-setting Waldo Canyon Fire in a nearby wooded area that destroyed 346 homes. The tally of lost homes was a dramatic increase from a...
Colorado Wildfire Destroys 92 Homes
Jun 13 2013 // Sheriff’s officials released a preliminary list Wednesday showing the Black Forest Fire northeast of Colorado Springs, Colo. has destroyed at least 92 homes and damaged five more. The fire was among several that...
A New Threat for Hardest-Hit Sandy Victims: Soaring Flood Insurance Costs
Jun 10 2013 // George Kasimos has almost finished repairing flood damage to his waterfront home in New Jersey, but his Superstorm Sandy nightmare is far from over. Like thousands of others in the hardest-hit coastal stretches of New...
Groups Warn N.Y. Assembly’s Insurance Reform Bills Have Potential to Backfire
Jun 6 2013 // Industry groups are warning that the New York State Assembly’s recent approval of the post-Sandy insurance reform package has the potential to backfire and are urging the state Senate not to take up this...
N.Y. Assembly Approves a Flurry of Post-Sandy Insurance Reform Bills
Jun 5 2013 // The New York State Assembly approved on Tuesday a comprehensive post-Sandy insurance reform package comprised of 14 pieces of legislation. All approved measures now move to the state Senate for further consideration. The...
Coastal Homeowners Upset with Insurers, Regulators Over Surge in Insurance Costs
Jun 4 2013 // When Stan Virden moved into his 2,400-square-foot house overlooking a rock-lined canal in 1996, he paid less than $1,000 a year for homeowners insurance. Now, as he seeks to move to Atlanta to be near family, Virden says...
N.Y. Reaches Reform Agreements With 4 Additional ‘Force-Placed’ Insurers
Jun 3 2013 // New York officials announced that the state’s “force-placed” insurance reforms will now cover 100 percent of the New York market after the New York State Department of Financial Services (DFS) reached...
Agencies See Underwriting Changes in Homeowners Market
Jun 3 2013 // The Professional Insurance Agents (PIA) said its recent survey shows significant market changes in the Northeast — with the homeowners insurance and commercial property market appearing to be most affected by the...
Mississippi Homeowners Renew Lawsuit Against Exxon Over Alligators
May 31 2013 // Tom Christmas and his wife argue that they didn’t discover the 84-plus alligators on land next to their homestead until four years after they bought the property in southwest Mississippi. ExxonMobil Corp. counters...
After Years of Increases, Florida Property Insurance Rates May Be Stabilizing
May 29 2013 // It’s been nearly eight years since Hurricane Wilma raked the southern end of Florida and caused billions in damages, the last of eight hurricanes to hit the state in 2004 and 2005. Yet even as the state has been...
