Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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...
Chubb Q2 Profit Jumps 43% to $579M; Renewal Rates Up in All Business Units
Jul 26 2013 // The Chubb Corp. reported its 2013 second quarter net income of $579 million, a 43.3 percent increase from $404 million net income posted a year ago. The company said it benefited from higher rates and stronger underlying...
One-Third Fail to Activate Theft Prevention Measures on Their Homes
Jul 24 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...
Florida Supreme Court Rules Replacement Cost Includes Contractor’s Profit
Jul 24 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 the fact the repairs may not...
Flood Insurance an Issue in Louisiana’s U.S. Senate Race
Jul 24 2013 // U.S. Sen. Mary Landrieu and her Senate race challenger, U.S. Rep. Bill Cassidy, are jockeying for credit and prominence on a high-profile problem for many Louisiana residents: the skyrocketing cost of flood insurance...
2,700 New Jersey Homeowners Getting Money to Raise Houses
Jul 23 2013 // About 2,700 New Jersey homeowners will get federal grants to elevate homes damaged by Superstorm Sandy.Construction workers raise a house in Brick, N.J. on July 22. Under the Hazard Mitigation Grant Program Elevation...
Florida Agents Challenged to Profit on Homeowners Business: FAIA
Jul 22 2013 // Many Florida independent insurance agencies are challenged to make money on the initial placement of the homeowners insurance policies. That’s a finding from The Agent Compensation Study commissioned by the Florida...
Coastal Lawmakers Seek Delays in Flood Insurance Changes
Jul 22 2013 // Just a year after Congress approved changes in the oft-criticized federal flood insurance program, protests from homeowners facing higher premiums have coastal lawmakers pressing for delays to preserve below-cost rates for...
FEMA Asked to Review Flood Insurance Rules
Jul 22 2013 // U.S. Sen. Kirsten Gillibrand (D-N.Y.) is asking the Federal Emergency Management Agency to consider reversing denials of Superstorm Sandy flood claims based on the “earth movement” exclusion. Gillibrand said...
Wildfires, Hail Take Toll on Colorado Homeowners Insurance
Jul 22 2013 // It’s safe to say there’s a lot going on in the homeowners insurance scene in Colorado, where homeowners insurance rates are likely to be on the rise for some time. Insured losses from the recent Black Forest...
