Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Judge Deals Blow to California FAIR Plan’s Efforts to Stay Insurance Commissioner’s Order
Feb 11 2022 // A judge has denied a request a preliminary injunction to halt the enforcement of an order from California Insurance Commissioner Ricardo Lara that the California FAIR Plan Association offer an expanded homeowners insurance...
S&P Report Sheds Light on Florida Farm Bureau’s Losses
Feb 11 2022 // Recently posted data provides new insight on the dire financial situation for Florida Farm Bureau, one of four carriers that announced it would stop writing or non-renew thousands of homeowner policies in Florida this...
Kentucky Homeowners Can Apply for Grants to Help Pay Insurance, Mortgage
Feb 10 2022 // Kentucky homeowners affected by the COVID-19 pandemic and economic slowdown can now apply for assistance to help pay insurance, mortgages and property taxes, the state’s governor announced. The program is funded...
Another Big Insurer Stops Writing Homeowners Policies in Florida
Feb 8 2022 // The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state – while also asking for a rate increase...
World’s First Crypto Mortgage? Homeowners’ Insurers Don’t Hate It
Feb 7 2022 // If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is now offering cryptocurrency-based mortgages. Some insurance representatives are...
Bill Introduced to Offer All California Homeowners Insurance, Fund Home Hardening
Feb 3 2022 // Assemblyman Marc Levine, D-Marin County, on Thursday introduced legislation designed to require mandatory issuance of homeowners’ insurance and establish a grant program to harden residential properties in areas...
Florida Senate Committee Approves Actual-Cash-Value Roof Bill
Feb 2 2022 // It came later than some had expected, but Florida’s Senate Banking and Insurance Committee on Wednesday passed a much-anticipated bill that aims to close gaps left by last year’s insurance reform...
Florida Farm Bureau Action Plan Says it Will Stop Writing New HO Policies
Feb 1 2022 // Another Florida property insurer is taking major steps to cut its losses, including suspending the writing of new homeowner policies starting this week – the latest warning sign about the state’s distressed...
World’s First Crypto Mortgage? Homeowners’ Insurers Don’t Hate It
Jan 26 2022 // If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is now offering cryptocurrency-based mortgages. Some insurance representatives are...
Louisiana Homeowners Insurer Americas Placed In Receivership
Jan 24 2022 // Louisiana Insurance Commissioner Jim Donelon has placed a homeowners insurance company in receivership after the insurer suffered losses from the combination of Hurricanes Laura, Delta and Zeta in 2020 and Hurricane Ida in...
Homeowners of America Introduces Services in Montana
Jan 18 2022 // Homeowners of America, a property/casualty insurance provider and subsidiary of Porch Group Inc., launched service in Montana. With the addition of Montana, HOA now operates in 14 states. HOA launched its service in New...
Homeowners of America Rolling out in New Mexico
Jan 14 2022 // Homeowners of America, a property/casualty insurance provider and subsidiary of Porch Group, Inc., launched its service in New Mexico. New Mexico marks HOA’s 13th state of operation and the first expansion of...
Hippo Expands Homeowners Association Insurance Offering to 15 States
Jan 11 2022 // Technology-driven Hippo has expanded its commercial lines homeowners association (HOA) insurance offering into 15 additional states after debuting it last August in Arizona. Hippo’s HOA insurance is now available in...
California DOI: Insurers Non-Renewed Fewer Homeowners in 2020, FAIR Plan Policies Increased
Dec 20 2021 // The number of California homeowners non-renewed by insurers fell by 10%statewide in 2020 compared with the previous year, as mandatory moratoriums by Insurance Commissioner Ricardo Lara made up more than 80% of the...
Citizens’ Board Requests Larger Than Expected Rate Hike for Florida Homeowners
Dec 16 2021 // The board of governors for Citizens Property Insurance Corp., Florida’s state-backed insurer of last resort, wants the maximum allowed rate increase – 11% for next year and 12% for 2023 – in an effort to stem the...
Maryland Homeowner Tries to Smoke Out Snakes, Burns Down House
Dec 8 2021 // A Maryland home was accidentally burned to the ground by an owner trying to get rid of a snake infestation, officials said. The homeowner in Poolesville, a town about 25 miles outside of Washington D.C., was attempting to...
Ho Ho Homeowners Questions
Dec 6 2021 // A consumer contacted me via email with an interesting coverage inquiry: “Two questions, please: “I have an in-home ‘business’ involving the manufacturing and distribution of toys for children. I do...
North Carolina Homeowners Premiums to Rise 7.9% on Average
Nov 24 2021 // North Carolina homeowners will see insurance premiums climb an average of 7.9% next year, but that’s much less of an increase that a state rating bureau had requested, the state insurance commissioner announced. The...
Homeowners of America Introduces Services in Oregon
Nov 22 2021 // Homeowners of America launched its service in Oregon. Oregon marks HOA’s 11th state of operation HOA is a property/casualty insurance provider and subsidiary of Porch Group Inc. Porch is a vertical software company...
Theft Down, Weather Losses Up in Homeowners
Nov 15 2021 // Catastrophic weather events such as wildfires, hurricanes and floods caused 39% of home insurance claims in 2020 – the highest percentage in the last six years. According to the 2021, LexisNexis Home Trends Report,...
