Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Top U.S. Homeowners Insurers Minimally Exposed to Losses from Ian: Moody’s
Oct 12 2022 // A report from Moody’s Investors Service clearly paints Ian as a loss event for Florida-only home insurers since large, national insurers have significantly reduced exposure in the Sunshine State throughout the...
U.S. Homeowners Line ‘Stable’ but Weather Events Present Uncertainty: AM Best
Oct 3 2022 // A day after Hurricane Ian hit Florida as a Category 4 storm Sept. 28, AM Best released its scheduled market segment report of the U.S. homeowners insurance market, calling it stable due to overall strong risk-adjusted...
The Homeowners Nonexclusion Exclusion
Sep 19 2022 // In 2004, almost 18 years ago, I began an initiative to expose one of the most onerous and egregious provisions of any mainstream personal lines policy I had ever seen. The article was entitled “Rent Your Home, Void...
State Farm Sues Amazon to Recover New York Homeowner Claim
Aug 23 2022 // State Farm Fire & Casualty is trying to get Amazon to reimburse it for a payment it made to cover damages to the home of one of its New York insureds. State Farm and its insured claim that the damage was caused by a...
Australia’s Extreme Climate Risks Threaten to Make Home Insurance Unaffordable
Aug 17 2022 // Australia’s mounting extreme weather events threaten to make home insurance premiums unaffordable for an estimated 1 million households. On average, Australians living in high-risk areas like northern Queensland pay...
Majority of Young Homeowners Expect Their Homes to Be Damaged by Extreme Weather in Next 30 Years
Aug 10 2022 // Young homeowners are more concerned about the damage climate change-related extreme weather could do to their homes, according to a new survey from Policygenius. The survey found that 72 percent of young insured homeowners...
Markets/Coverages: Openly’s New Homeowners Carrier; Neptune Flood, SIAA Partnership; MiKargo247 Launches for Per-Load Freight
Jul 26 2022 // Openly Starts Openly Insurance Company, a Licensed Homeowners Insurance Carrier Openly announced the launch of the Openly Insurance Company, a homeowners insurance carrier licensed in 17 states. Openly had formerly...
42,000 Louisiana Homeowners to be Dropped by Southern Fidelity Friday
Jul 21 2022 // More than 40,000 homeowners are looking for new insurance policies after an insurance company dropped them, following similar moves by two other companies. Southern Fidelity canceled 42,000 policies Friday, leaving...
Home Insurance Prices Increase Faster Than Inflation Rate: Policygenius
Jul 12 2022 // According to analysis by insurtech Policygenius, home insurance premiums are rising faster than inflation From May 2021 to May 2022, the price of goods and services increased 8.6% in the U.S. In the same time period, home...
Porch Group’s Homeowners Insurance Enters Delaware, Its 19th State
Jul 8 2022 // Home services firm Porch Group announced the expansion of its homeowners insurance services, Homeowners of America (HOA), to Delaware, its 19th state. Porch Group is a Seattle-based, technology platform that provides...
New York City to Provide Inflatable Dams to Homeowners at Risk for Floods
Jul 8 2022 // Homes at high risk for flooding in New York City will receive free inflatable dams in a new plan rolled out Thursday by Mayor Eric Adams. The plan aims to prepare city dwellers for extreme rainfall and costs the taxpayers...
Homeowners of America Launches Insurance Services in Oklahoma
Jun 28 2022 // Porch Group’s Homeowners of America introduced service in Oklahoma. This is now HOA’s 18th state of operation. Porch Group is a Seattle-based vertical software company in the home services and insurance...
UK Home Insurer Policy Expert Considers £1 Billion Sale
Jun 28 2022 // UK home insurer Policy Expert’s owner is considering a potential sale that could raise as much as £1 billion ($1.2 billion), people with knowledge of the matter said. Investment firm Primary Group Ltd. is working...
Nursing Home Owner Whose Residents Suffered in Ida in Trouble
Jun 24 2022 // The owner of seven Louisiana nursing homes who sent more than 800 of his elderly residents to a crowded, ill-equipped warehouse to ride out Hurricane Ida last year was arrested Wednesday on fraud and cruelty charges...
How to Lower Home Insurance Premiums and Wildfire Risks
Jun 24 2022 // Homeowners in the US got new guidance to help them defend against increasingly frequent wildfires and associated rising insurance premiums. The Insurance Institute for Business & Home Safety, a research nonprofit...
Markets/Coverages: Hippo Enters Home Insurance Market in Massachusetts
Jun 22 2022 // Digital insurer Hippo Insurance Services announced the availability of its home insurance products in Massachusetts. Residents of the Bay State can now access Hippo’s home insurance coverage, as well as...
Agent-Focused Home Insurer Openly Closes $75 Million Funding Round
Jun 22 2022 // Boston-based Openly, an insurtech homeowners insurer distributing through independent agents, has closed a $75 million Series C investment. According to founders Ty Harris and Matt Wielbut, Openly has responded to a...
Homeowners Can Record Insurance Company Adjusters’ Inspections, Florida Court Says
Jun 7 2022 // Homeowners and public adjusters may now feel a little more emboldened to record an insurance adjuster’s inspection of a home, after a Florida appeals court ruled in favor of the practice last week – the third such...
7.9% Average Rate Increase for North Carolina Homeowners Kicks in This Week
Jun 3 2022 // Starting this week, North Carolina homeowners will see insurance premiums rise by an average of almost 8% for new and renewing policies, after a negotiated rate increase took effect June 1. The North Carolina Rate Bureau...
Most Homeowners Underinsured for Trends in Inflation, Building Costs: APCIA
May 16 2022 // A new American Property Casualty Insurance Association (APCIA) survey of over 1,000 U.S. homeowners who have a homeowners insurance policy, reveals a majority of insured homeowners have not taken important steps to ensure...
