Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Rating Hurricane Risk in Florida: How Using Geocoding Can Lead to More Accurate Pricing
Oct 8 2012 // Small companies often believe that they do not have enough homeowners data to build custom rating territories based on different perils, and therefore simply adopt the territories of a competitor. But because catastrophe...
Homeowners Insurance Claims Cost Rising Rapidly: Study
Oct 8 2012 // The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report. An Insurance Research...
11 Homes Destroyed in NW Minnesota Wildfire
Oct 5 2012 // State officials now say 11 homes and 24 other structures were destroyed by the wildfire that threatened the northwestern Minnesota city town of Karlstad. Jean Goad, a spokeswoman for the Minnesota Interagency Fire Center,...
North Carolina Insurers Seek 17.7% Increase in Homeowners Rates
Oct 4 2012 // North Carolina homeowners could see their first rate increase in four years as the state’s rating bureau called for a statewide average 17.7 percent increase in loss cost rates. The North Carolina Rate Bureau filed...
Florida Approves 10.8% Rate Hike for Citizens; Also 21.4% for Sinkholes
Oct 4 2012 // Florida regulators have approved a 10.8 percent statewide average homeowners insurance rate increase and a 21.4 percent increase in sinkhole rates for the state-backed property insurer. Insurance Commissioner Kevin McCarty...
Heavy Rains Trap Connecticut Shoreline Residents in Cars, Homes
Oct 1 2012 // Quick, heavy rains have led to flash flooding along Connecticut’s shoreline, trapping some residents in their cars, homes and businesses. West Haven Center District Fire Chief James O’Brien tells the New Haven...
Isaac Damaged 59,000 Homes in Louisiana
Oct 1 2012 // Hurricane Isaac damaged nearly 59,000 homes as the slow-moving storm crawled across southeast Louisiana, according to the latest damage estimates. The Governor’s Office of Homeland Security and Emergency Preparedness...
Florida Approves State Farm 6.4% Homeowners Rate Increase
Sep 28 2012 // Florida regulators have approved an average 6.9 percent rate hike for State Farm Florida Insurance Co., which is the insurer’s fifth increase in as many years. The insurer had initially sought an average 14.9 percent...
Bundlers of Joy: Satisfaction with Home Insurers at 12-Year High
Sep 27 2012 // Overall customer satisfaction with homeowners insurance companies is the highest in the 12 years J.D. Power and Associates has measured it, driven in part by the practice of bundling auto and homeowners insurance...
Homeowners Insurance Claims Cost Rising Rapidly: Study
Sep 26 2012 // The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report. A new Insurance Research...
Landrieu: Homeowners, Not Lenders, Entitled to Insurance Money
Sep 25 2012 // U.S. Senator Mary L. Landrieu, D-La., announced that the U.S. Department of Housing and Urban Development (HUD) has urged Federal Housing Administration (FHA) mortgage lenders to ensure that homeowners receive the...
Florida’s Citizens Defends Proposed 11.2% Rate Increase at Hearing
Sep 25 2012 // Executives of Florida’s state-backed insurer defended a proposed statewide average 11.2 percent increase in homeowners rates as regulators, consumer advocates and other officials questioned the need for the...
Allstate Raising Homeowner Rates in Louisiana
Sep 24 2012 // Allstate Corp. is raising insurance rates for 144,000 Louisiana homeowners. The company announced that about 71,000 homeowners insured by Allstate Insurance Co. will see their rates increase by 11.3 percent, while 73,000...
Report: Wildfires Pose Risk to Three Quarter-Million Western U.S. Homes
Sep 24 2012 // More than three-quarters of a million homes in the Western U.S. have a high risk of wildfire damage, according to a report released by Santa Ana, Calif.-based CoreLogic. CoreLogic’s Wildfire Hazard Risk Report...
Hanover Insurance Group Advises Dog Owners to Take Protective Measures
Sep 19 2012 // With dog bite claims accounting for over one-third of all homeowners insurance liability claim dollars in 2011, The Hanover Insurance Group is reminding dog owners to take preventative measures to protect themselves from...
Study: More Than 2 Million California Homes Exposed To High Wildfire Danger
Sep 19 2012 // More than 2 million homes in California face “extreme wildfire hazards,” over 400,000 of which are in Los Angeles County, according to a study issued Wednesday by an insurance industry group. A study by the...
Allstate Raising Homeowner Rates in Louisiana
Sep 13 2012 // Allstate Corp. is raising rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies. The company announced that about 71,000 homeowners insured by Allstate Insurance Co. will see...
State Farm Lloyds Files Homeowners Rate Increase in Texas
Sep 13 2012 // State Farm Lloyds says it intends to increase homeowners rates in Texas by an average 20 percent. The company announced it has submitted a rate filing to the Texas Department of Insurance. The actual premium change for any...
Report: Wildfires Pose Risk to Three-Quarter-Million Western U.S. Homes
Sep 10 2012 // More than three-quarters of a million homes in the Western U.S. have a high risk of wildfire damage, according to a report released by Santa Ana, Calif.-based CoreLogic. CoreLogic’s Wildfire Hazard Risk Report...
New PURE Program Provides Extra Flooding Services for High-Value Homeowners
Sep 10 2012 // A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, is offering high-value homeowners an alternative flood insurance option. PURE Flood Solutions works as an extension of the National Flood...
