Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Coastal Risk Underwriters Enters Alaska Homeowners Market
Aug 16 2012 // Coastal Risk Underwriters (CRU), a member company of Insight Catastrophe Group, has launched a new preferred homeowners program for properties located in the state of Alaska. The program, underwritten by Occidental Fire...
Wildfire Destroys 60 Homes in Washington
Aug 15 2012 // A wildfire between the northwest Washington towns of Cle Elum and Ellensburg at the eastern edge of the Cascade Mountains has prompted the evacuation of another 400 homes and Gov. Christine Gregoire to declare a state of...
Florida Regulators Question Castle Key Rate Increases
Aug 14 2012 // Florida regulators are questioning the increases sought by two property insurers that could raise rates on some homeowners by more than 40 percent, even as they reduce their number of policies. Castle Key Insurance Co., is...
Community Associations Grow by Number and Exposure
Aug 14 2012 // In 2011, more than 62 million people lived in residential homes governed by a community association, including homeowners associations, condominiums, cooperatives and other planned communities. According to the Community...
June, July Ohio Storm Losses Rise to More than $400M
Aug 13 2012 // Insured losses from a round of summer storms in late June and early July have risen to more than $400 million, a state-based insurance information group reported. Property casualty insurers are reporting losses of at least...
Lawsuits Claim Hawaii Homeowners Lost Millions
Aug 9 2012 // Lawsuits allege hundreds of Hawaii residents should have received higher prices when selling their homes through nonjudicial foreclosure auctions. Lawyers say the amount of losses in five lawsuits is in the millions. The...
Storm Damages 21 Homes in Oklahoma’s Comanche County
Aug 9 2012 // Authorities say 21 homes in Comanche County were damaged by a summer storm that brought high winds and large hail. The storm moved into the area Tuesday night and authorities said no one was injured. Lightning from the...
Texas Insurance Commissioner Responds to Consumer Email Campaign
Aug 9 2012 // Texas top regulator has posted a response to an email campaign addressing homeowners insurance rates and issues initiated by a consumer advocacy group. Hundreds of emails sent to Texas Insurance Commissioner Eleanor...
Mississippi Law Calling for Hurricane Mitigation Credits Takes Effect
Aug 6 2012 // Mississippi residents along the state’s coastline who are building new homes or chose to strengthen their current homes against hurricane damage can now qualify for premium credits from their property insurer. Under...
Community Associations Grow by Number and Exposure
Aug 6 2012 // In 2011, more than 62 million people lived in residential homes governed by a community association, including homeowners associations, condominiums, cooperatives and other planned communities. According to the Community...
North Carolina Insurance Reforms Fall Short
Aug 6 2012 // North Carolina lawmakers approved a bill with some changes to the property insurance system but, as one industry expert said, in so doing lawmakers “just stuck more fingers in the dike.” Despite what critics...
Farmers Raises Rates in Alabama; Pulls Wind Coverage on Coastal Rental Policies
Aug 2 2012 // One of Alabama’s largest homeowners’ insurers is raising rates on property insurance by as much as 35 percent per policy while dropping some 2,900 rental properties along the state coastline as part of plan to...
At Least 10 Homes Damaged in Oklahoma Grass Fires
Aug 1 2012 // Grass fires damaged at least 10 homes and burned about 1,500 acres before crews were able to control them late on July 30, authorities in north-central Oklahoma said. Seven mobile homes and three houses were damaged in the...
PURE to Offer Coverage to High-End Homeowners in Missouri
Jul 31 2012 // Privilege Underwriters Reciprocal Exchange, a policyholder-owned property/casualty insurer exclusively focused on high net worth individuals and families, has announced that it will begin accepting new members...
HomeAway Launches Vacation Rental Properties Insurance Product
Jul 25 2012 // HomeAway, Inc., an online marketplace for vacation rentals, is now offering HomeAway Assure, a CBIZ Insurance Program product that is tailored specifically for vacation rental properties. The product features an online...
North Carolina Property Insurance Reform Law Comes Up Short
Jul 24 2012 // North Carolina’s property market problems are well known but thus far answers remain elusive even after lawmakers approved a bill that does little more than what one industry expert said, “just stuck more...
State Farm: Sandusky’s Homeowners Policy Doesn’t Cover His Legal Bills
Jul 23 2012 // State Farm has filed a lawsuit in Pennsylvania last Thursday against former Penn State assistant football coach Jerry Sandusky. In its complaint, State Farm asked a judge to declare that the insurer’s...
First Quarter Premium Up 4% for P/C Companies
Jul 23 2012 // Homeowners, Private Passenger Auto and Workers’ Compensation Lines Impact Premium Growth Through the first quarter 2012, total direct premium written (DPW) for all property/casualty insurers is up 4 percent compared...
N.Y. Gov. Cuomo Urges Homeowners to Protect Against Storm Losses
Jul 20 2012 // New York Gov. Andrew Cuomo is urging to take steps now to protect their homes in the event New York is hit by any of the nine to 15 storms the National Oceanic and Atmospheric Administration (NOAA) predicts for the 2012...
Travelers Reports More Rate Gains, Seeks Higher Homeowners Deductibles
Jul 20 2012 // The Travelers Companies, which reported its second-quarter results yesterday, said renewal rates are continuing to trend up across its business segments. Company executives emphasized, however, that rate hikes are a...
