Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Fannie Mae Changing ‘Forced-Place’ Home Insurance Rules
Mar 7 2012 // The practice of banks forcing expensive homeowners insurance on borrowers could come to an end after Fannie Mae told lenders it would seek to oversee such policies itself. For many homeowners who are required to buy...
Whistleblower Says BofA Defrauded Home Loan Remodification Program
Mar 7 2012 // Bank of America NA prevented homeowners from receiving mortgage-loan modifications under a federal program in order to avoid millions of dollars in losses while benefiting from financial incentives for participating in the...
N.Y. Financial Services Staff Visit Neighborhoods Hit by Foreclosures
Mar 7 2012 // Mortgage foreclosure prevention specialists from New York State Department of Financial Services will visit a New York City neighborhood that has been hard-hit by a spate of home foreclosures. The prevention specialists...
Centauri Insurance Offers Homeowners Coverage in Louisiana
Mar 5 2012 // Centauri Insurance, a homeowners insurance carrier based in Sarasota, Fla., is now providing homeowners insurance coverage in Louisiana. Centauri Insurance also expects to add more products, including renters and dwelling...
Missouri Senator Pushes for Changes to Homeowners Insurance
Mar 5 2012 // After the powerful tornado tore through his southwest Missouri hometown in May 2011, Joplin resident Chuck Surface said he and his wife had to not only rebuild, but spent several weeks trying to figure out how much all the...
Storm Damages Homes in Indiana Town
Mar 1 2012 // A possible tornado swept across the Ohio River town of Newburgh on Wednesday, damaging several homes in the community’s historic riverside district as a powerful line of thunderstorms cut across the Midwest,...
North Carolina Farm Bureau to Raise Homeowners’ Rates, Drop Policies
Feb 27 2012 // North Carolina’s third largest homeowners insurer is looking to reduce its exposure in the state by increasing rates and rolling back its policyholder numbers, citing steep increases in reinsurance costs. The North...
Struggling Floridians Line Up for Mortgage-Mending
Feb 23 2012 // Nearly 1,200 people lined up at a downtown Miami conference center on Wednesday, holding onto mortgage documents and income statements in the hope of saving the homes they are struggling to pay for. Seated at rows of long...
The Hartford’s AARP Program Looking for Agents
Feb 22 2012 // The Hartford says it will be increasing the availability of its auto insurance program for members of the American Association of Retired Persons (AARP) by expanding its base of producers. Originally, members of the AARP...
Florida Lawmakers Still Balk at Raising Homeowners’ Premiums for Cat Fund
Feb 21 2012 // State lawmakers have gambled with their constituents’ money for years when it comes to dealing with Florida’s property insurance issues. But now, many top industry analysts suggest, the odds may be turning...
Keeping up With the Greens: What to Know About Hobby Farm Insurance
Feb 20 2012 // What to Know About Hobby Farm Insurance The Green family owns a small farm. It’s not their primary source of income, but it is a lifestyle choice, and their hobby farm is just that – a hobby. The Green family...
Maryland Court Sides With Allstate in Coastal Homeowners Case
Feb 20 2012 // The Maryland Court of Appeals, the state’s highest court, recently ruled in favor of Allstate. The court upheld a previous lower court’s ruling that the insurer was within its rights to stop writing new...
P/C Industry Disputes Consumer Group’s Claims It’s Avoiding Risk
Feb 17 2012 // Traditionally risk-takers, property/casualty insurance companies have become more like risk-avoiders when it comes to weather-related claims, leaving consumers and taxpayers to pay much higher costs, according to a new...
5 Big Banks, States Agree on $25 Billion Home Mortgage Deal
Feb 9 2012 // Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing...
Allstate Readies Homeowners Product for More States
Feb 7 2012 // Look for Allstate to roll out a new homeowners product in phases to additional states through 2014. The insurer launched its new homeowners product, House & Home, in Oklahoma in October 2011. It offered new discounts...
Mass. AG Calls Proposed Homeowners Premium Hike ‘Illegally Excessive’
Feb 6 2012 // Massachusetts Attorney General Martha Coakley is opposing a recently proposed home insurance rate request for 150,000 consumers, calling it illegally excessive. She made her remarks during her testimony before the...
Declarations
Feb 6 2012 // No More Funds-Holding “I have received numerous constituent complaints regarding a mortgage company holding onto funds for weeks while homeowners face emergency repairs that must be made quickly.” —Oklahoma...
Mississippi May Mandate Homeowner Insurance Discounts for Mitigation
Feb 5 2012 // Mississippi Insurance Commissioner Mike Chaney said he is working with legislators on a bill that would require insurers to offer discounts to homeowners who have strengthened homes against wind damage. State officials...
Allstate Doubles Q4 Profit
Feb 2 2012 // Allstate Corp. reported that its profit more than doubled in the fourth quarter thanks to lower catastrophe losses and improved homeowners business. The big insurance company posted a fourth quarter net profit of $724...
Maryland High Court Sides With Allstate in Coastal Homeowners Case
Jan 31 2012 // The Maryland Court of Appeals, the state’s highest court, ruled in favor of Allstate last week. It upheld a previous lower court’s ruling that the insurer was within its rights to stop writing new homeowners...
