Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Chinese Drywall Makers Won’t Compensate U.S. Homeowners
Jan 24 2011 // The U.S. has failed to persuade Chinese makers of defective drywall to compensate American homeowners, in a dispute that threatens to mar strained trade ties. The failure to persuade about 13 makers of contaminated drywall...
Oregon Credit Score Law Cuts Insurance Rates
Jan 24 2011 // Thousands of Oregonians are enjoying lower insurance premiums as a result of a year-old credit scoring law, according to a recent survey by the Department of Consumer and Business Services (DCBS) Insurance Division. The...
Pennsylvania Insurance Program for Homes Above Mines Active
Jan 13 2011 // As many as 1 million Pennsylvania homes sit above abandoned coal mines, yet a state-subsidized insurance program for mine subsidence has issued only 58,000 policies. Abandoned mines are in 43 of Pennsylvania’s 67...
Insurers Offer Options for Mississippi, Alabama Coastal Homeowners
Jan 12 2011 // A handful of new insurers have entered the coastal markets of Alabama and Mississippi, offering options to some homeowners. Coastal American, PURE, American Strategic, Wilshire, Republic and Southern Fidelity may not...
Chinese Drywall Makers Refusing to Compensate U.S. Homeowners
Jan 11 2011 // The top U.S. product safety official said on Monday the agency has failed to persuade Chinese makers of defective drywall to compensate American homeowners, in a dispute that threatens to mar strained trade ties. The...
Federal Judge Dismisses Suits Against Insurers Over Chinese Drywall Coverage
Jan 10 2011 // A federal judge in Louisiana in mid-December let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from the installation of defective drywall from China off the hook for coverage from...
Calif. Homeowners Underinsurance Regulations May Require Agent Training
Jan 10 2011 // California’s Office of Administrative Law (OAL) has approved regulations designed to combat underinsurance and may require insurance agents and brokers to complete additional training. The regulations will take...
Florida Home Insurance Rates Rising
Jan 10 2011 // Florida regulators have approved $718 million in rate increases that will affect 4 million policyholders — even though there have been no hurricanes for five years. The insurance industry says the increases are needed...
Insurance Vital to Alabama Coast Long-Term Plan, Says Commission
Jan 10 2011 // Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover...
North Carolina Insurers Seek Rate Hike on Dwelling Fire Policies
Jan 5 2011 // North Carolina insurers are looking to raise rates from 7 percent to 25 percent, or an average 20.9 percent statewide, for 2011 on dwelling fire and extended coverage policies. If approved the higher rates would affect...
Texas Insurance Commissioner Geeslin to Step Down
Jan 5 2011 // Texas Insurance Commissioner Mike Geeslin has announced that he will not seek another term as head of the Texas Department of Insurance. His term ends Feb. 1, 2011. Geeslin has been with TDI for eight years, and has served...
South Carolina Awards 85 Mitigation Grants to Coastal Homeowners
Jan 4 2011 // Eighty-five South Carolina homeowners who live on the coast are the latest recipients of grants to help them strengthen their homes against storms. Scott H. Richardson, state insurance commissioner, said the SC Safe Home...
California Approves Homeowners Underinsurance Regulations
Dec 31 2010 // California’s Office of Administrative Law (OAL) has approved regulations designed to combat underinsurance and may require insurance agents and brokers to complete additional training. The regulations will take...
UK Homeowners Insurance is Biggest Fraud Target; $3.55 Million a Day
Dec 30 2010 // Home insurance is now the number one target for insurance fraudsters according to the hundreds of fraudulent insurance claims exposed every day, according to the Association of British Insurers (ABI). To back up is...
Rates Rising But Florida Home Insurers Report Still Losing Money
Dec 28 2010 // Many Florida homeowners expected relief from the higher property insurance bills that followed the busy 2004 and 2005 hurricane seasons. But more than 4 million homeowners are about to get hit by rate hikes and...
Insurers’ Recent Success a Milestone in a Year of Chinese Drywall Litigation
Dec 23 2010 // A federal judge in Louisiana recently let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from the installation of defective drywall from China off the hook for coverage from those...
Top Holiday Mishaps: Are Your Clients Covered?
Dec 21 2010 // The Rocky Mountain Insurance Information Association is warning the industry that the holiday season at times can set the stage for for a not so merry celebration. “It’s a good idea to make sure [consumers] are...
Insurance Vital to Alabama Coast Long-Term Plan, Says Commission
Dec 21 2010 // Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover...
Louisiana’s Terrebonne Parish Demolishing Storm Damaged Homes
Dec 17 2010 // Terrebonne Parish is planning to demolish about 450 hurricane-damaged homes, mostly in low-lying bayou communities. Parish officials said the structures will be torn down this spring because they are in such dilapidated...
Allstate Raises Homeowner Insurance Rates
Dec 16 2010 // Allstate Insurance has notified the Texas Department of Insurance that it will increase homeowner rates — some by almost 10 percent. About 450,000 homeowners covered by Allstate Texas Lloyds will see a rate increase...
