Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
FEMA Buying Out 90 Flood Damaged Vermont Homes, So Far
Mar 18 2013 // The Federal Emergency Management Agency has agreed to buy out a total of 90 properties across Vermont that were damaged by Tropical Storm Irene and other 2011 flooding. Eight structures were deemed ineligible for the...
New Maps Put 33K More New Jersey Homes in Flood Zones
Mar 18 2013 // New Jersey’s adoption of expanded flood maps in the wake of Superstorm Sandy has put more than 33,000 additional residential buildings in flood zones, a nearly 15 percent increase.Destroyed homes and washed away...
Oklahoma Bill Allows for Electronic Monitoring in Nursing Homes
Mar 13 2013 // A measure passed by the Oklahoma Senate would allow residents in nursing homes to install electronic monitoring devices in their private rooms. Senate Bill 587 also prohibits nursing facilities from refusing to admit any...
Florida Senate Bill Would Depopulate Citizens, Raise Rates, Create Clearinghouse
Mar 13 2013 // Lawmakers in the Florida Senate have taken steps to return the state-backed insurer Citizens Property Insurance Corp. to its original purpose of being a market of last resort by requiring it to charge actuarially sound...
N.J. Commissioner Commends Banks for Accelerating Payments of Insurance Proceeds
Mar 12 2013 // New Jersey’s top insurance regulator this week commended the actions of New Jersey community banks, national banks and servicers — including Wells Fargo Bank, JPMorgan Chase, Bank of America, and CitiMortgage....
Sandy-Damaged Homes Hit Market at Bargain Prices
Mar 11 2013 // It sounds like the premise for a new reality TV series: “Hurricane House” — people scouring waterside communities looking to buy homes damaged by Superstorm Sandy at a deep discount. While there are...
N.J., N.Y. to Offer Mediation Option for Disputed Sandy Claims
Mar 11 2013 // New Jersey Gov. Chris Christie announced on Feb. 25 his administration would offer a mediation program to Sandy victims who are still in dispute with their insurers. Christie said his administration is establishing a new...
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Mar 11 2013 // Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new policy endorsements – one for homeowners and another for commercial roofs. Two organizations...
Texas Market Share: Homeowners and Personal Auto
Mar 11 2013 // Top 40 Insurers/Homeowners Based on 2011 Texas Written Premium Rank Company $ Written Premium % of Market 1 State Farm Lloyds $1,678,075,665 28.09% 2 Allstate Texas Lloyd’s 462,398,477 7.74% 3 Texas Farmers Ins....
Homeowners Insurance Is Not Enough
Mar 11 2013 // For most middle-income Americans, the purchase of a home represents their largest investment and their most valuable asset. Thus, the lender, homeowner and personal lines insurance agent tend to focus on the common causes...
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Mar 11 2013 // Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new policy endorsements – one for homeowners and another for commercial roofs. Two organizations...
Connecticut Proposes Mediation Program for Homeowners Claims Disputes
Mar 8 2013 // Connecticut’s insurance department is proposing a new program that would offer a mediation option to resolve claims disputes between homeowners and their insurance companies that arise from catastrophes, such as...
N.Y. Gov. Cuomo Announces Review of Banks for Post-Sandy Mortgage Practices
Mar 7 2013 // New York Gov. Andrew Cuomo announced that the state’s financial regulators will review post-Sandy mortgage practices by banks and mortgage servicers. The review is intended to examine whether homeowners who were...
North Carolina Approves 7% Home Insurance Rate Increase
Mar 7 2013 // North Carolina’s top state insurance regulator has signed an agreement allowing companies to raise homeowner’s insurance policies by a statewide average of 7 percent a year starting in July. Insurance...
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Mar 7 2013 // Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements, one for homeowners and another for commercial roofs, that are becoming...
General Star Launches High Value Homeowners Program
Mar 6 2013 // General Star Management Co. has launched a high value homeowners program. Effective March 1, the product is offered through All Risks, Ltd, the program administrator for this new facility. Together, they will provide...
Ex-DEP Boss: Buy Out Flood-Prone New Jersey Homes
Mar 6 2013 // As New Jersey lawmakers consider a package of bills to help the state recover from Superstorm Sandy, a former New Jersey environmental protection commissioner says the storm provided a golden opportunity to buy out...
California Insurance Commissioner, Mercury Tangle Over Rate Reduction
Mar 5 2013 // California Insurance Commissioner Dave Jones issued a decision providing for an 8.18 percent rate reduction in homeowners insurance by Mercury Casualty Co., and then slammed the carrier for filing suit challenging the...
Toffoli, Ruiz and Jones Join Access Home Insurance Co.
Mar 5 2013 // Baton Rouge, La.-based Access Home Insurance Co. (Access Home) announced that Michael Toffoli, Rusty Ruiz and Kerri Jones have joined the company as executive vice president, Louisiana marketing representative and South...
Connecticut Homeowners Face Stark Choices After Sandy
Mar 5 2013 // Jackie Beagon loved her life along the Connecticut coast, where she and her husband walked to the beach and church and bicycled around the neighborhood. But Superstorm Sandy ripped it all apart, and the couple was forced...
