Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
N.Y. Assemblyman Takes Aim at Anti-Concurrent Causation Clauses
May 22 2013 // A New York State Assemblyman has introduced a bill that seeks to prohibit the insurers’ use of anti-concurrent causation (ACC) clauses in the state. The bill, A07455, was introduced on May 17 by Assemblyman Phil...
Maine Legislature Votes Down Vacant Property Insurance Bill
May 21 2013 // The Maine Legislature last week voted down a bill that sought to place stricter requirements on home insurers’ use of exclusions for losses on vacant homes. The bill LD 1413 (“An Act to Clarify Limitations on...
Homeowners not the Only Line of Insurance Affected by Texas Weather
May 20 2013 // Nature’s Perils Drive Cost of Agent E&O Coverage, Too It’s well known that Texas has some of the highest homeowners premiums in the nation – in large part due to the state’s vulnerability to...
Md. Requires Insurers to Explain ACC Clause
May 20 2013 // Maryland has enacted a new law requiring insurers that write homeowners policies in the state with anti-concurrent causation clauses to explain these clauses to their policyholders on an annual basis. Maryland Gov. Martin...
Frontline Insurance Approved for Coastal Homeowners in Delaware
May 15 2013 // Frontline Insurance, a provider of coastal homeowners coverage, is now licensed in Delaware. Frontline already operates in Florida and South Carolina and recently announced a new coverage program for Alabama residents,...
Homeowners Confused About Insurance Coverage: Survey
May 14 2013 // Many homeowners do not understand what exposures are covered under their home insurance policy, according to a new consumer survey. More than two in five Americans (41 percent) believe that a standard homeowner’s...
Work Crews Begin Demolishing Storm-Wrecked Homes in Mantoloking, N.J.
May 8 2013 // Work crews are beginning to demolish storm-damaged homes in the Jersey shore town that was hit hardest by Superstorm Sandy. Minor debris removal has already started in Mantoloking, and the first of 50 storm-wrecked houses...
N.J. Law Requires Insurers to Provide 1-Page Summary of Homeowners Coverage
May 7 2013 // New Jersey Gov. Chris Christie has signed into law on Monday a bill that aims to help homeowners better understand their insurance policies. The legislation (A3642/S2502) requires homeowners’ insurers to give...
New Law in Maryland Will Require Insurers to Explain ACC Clause to Homeowners
May 6 2013 // Maryland has enacted a new law requiring insurers that write homeowners policies in the state with anti-concurrent causation clauses to explain these clauses to their policyholders on an annual basis. Maryland Gov. Martin...
New Homeowners Insurance Program Available to Coastal Residents in Alabama
May 6 2013 // Frontline Homeowners Insurance, a coastal-focused insurer, is now offering wind and flood coverage to Alabama residents with coastal properties in Mobile and Baldwin Counties. Frontline Homeowners Insurance offers a...
Sandy-Struck New Yorkers Seek Home Buyouts
May 6 2013 // Joseph Szczesny’s modest Staten Island home in New York was inundated when Superstorm Sandy slammed into the U.S. East Coast in October. Now six months later, the 63-year-old bridge repairman and his fiance are all...
Interest in Personal Gun Liability Insurance Protection Increasing
May 6 2013 // The media focus on gun-centric events and the public discussion of liability issues has piqued interest in personal liability insurance for firearms owners, insurance professionals say. While coverage is available through...
Massachusetts FAIR Plan Seeks Rate Hike
May 6 2013 // The Massachusetts FAIR (Fair Access to Insurance Requirements) Plan, the state’s home insurer of last resort, has proposed in April an average statewide rate hike of 6.8 percent. Testimony from expert witnesses and...
Declarations
May 6 2013 // Home Maintenance “Making sure things are in good working order this spring can make a big difference in home safety, as well as insurance matters.” —Pennsylvania Insurance Commissioner Michael Consedine on...
Group Says New Maryland Law Slams Door on Rebates by Shady Contractors
May 3 2013 // More Maryland homeowners will avoid a costly trap by predatory contractors thanks to a new law, the Washington, D.C.-based Coalition Against Insurance Fraud said. Maryland Senate Bill 736 was signed into law by Gov. Martin...
Homeowners Lose Oregon Landslide Lawsuit
May 3 2013 // A jury has ruled that Benton County does not have to compensate a Colorado couple who lost their Corvallis-area home to a landslide. The suit filed by Bob and Gayna Flake claimed their more than $800,000 loss constituted...
Southern California Wildfire Causes Homes To Be Evacuated
May 3 2013 // A Southern California wildfire grew to more than 15 square miles and firefighting crews prepared Friday for another bad day of gusting winds and searing weather. The fire erupted Thursday in the Camarillo area, damaging 15...
Liberty Mutual Q1 Profit Falls 31% to $318M Amid Investment Losses
May 3 2013 // Boston-based Liberty Mutual reported Thursday its net income fell 30.7 percent to $318 million for its 2013 first quarter, compared to $459 million income reported during the prior year first quarter. The company’s...
Homeowners not the Only Line of Coverage Affected by Texas Weather
May 2 2013 // It’s well known that Texas has some of the highest homeowners premiums in the nation — in large part due to the state’s vulnerability to violent weather. It may be less known that Texas has some of the...
Court of Appeal Upholds California Commissioner’s Authority in Mercury Suit
May 2 2013 // The California Court of Appeal upheld a Los Angeles Superior Court ruling on Thursday by dismissing Mercury Insurance Co.’s lawsuit challenging Insurance Commissioner Dave Jones’ authority to decrease the...
