Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
North Carolina Weighs Storm Mitigation Credit Proposal by Homeowners Insurers
May 17 2010 // Insurers in North Carolina are preparing to offer premium credits to homeowners who implement storm mitigation improvements. On behalf of insurers, the North Carolina Rate Bureau has filed a proposal with the Department of...
Mississippi Gets New Property Insurer: Coastal American
May 17 2010 // A newly-formed Mississippi company with backing from a Florida insurer and local private investors including six independent agencies will begin writing homeowners policies on the coast in Mississippi. Gulfport-based...
Florida Lawmakers Pass Omnibus Property Insurance Bill
May 17 2010 // On the final day of this legislative session, Florida lawmakers passed omnibus legislation that aims to bring more control over homeowners insurance costs, raises the state’s minimum capital requirements for...
The Competitive Advantage: Opportunity Knocks
May 17 2010 // Coverage, Underwriting Knowledge Have Become More Powerful Tools in Today’s Market When I first started as an underwriter a few decades ago, I was truly amazed at the coverage knowledge so many of the older...
South Carolina Firefighters Urge Lawmakers to Keep Sprinkler Code
May 13 2010 // South Carolina firefighters urged legislators this week to uphold a construction code requiring that new homes be equipped with fire sprinklers in a debate that pits safety against cost. They urged senators to defeat a...
New York Lawmakers Hold Discussion on Coastal Insurance Issues
May 10 2010 // New York lawmakers hold a roundtable discussion today with insurance agents and industry leaders over the difficulties facing the coastal homeowners insurance market. The meeting at the state legislature was called for by...
State Farm Gets 9.9% Homeowners Rate Hike in Louisiana
May 10 2010 // State Farm Fire and Casualty Co., Louisiana’s largest residential insurer, has been approved for an average 9.9 percent rate increase for homeowners’ coverage in Louisiana. However, coastal areas vulnerable to...
North Carolina Rate Bureau Proposes Credits for Storm-Proofing Homes
May 7 2010 // The North Carolina Rate Bureau has filed a proposal with the North Carolina Department of Insurance to provide homeowners insurance credits for implementing certain property protection measures, including several based on...
Foremost Insurance Updates Dwelling Fire Program in California
May 4 2010 // Foremost Insurance Group has updated its dwelling fire program in California. Foremost is targeting standard and preferred landlord customers with new, larger discounts. It also lowered rates on vacant homes by an average...
Who Pays?
May 3 2010 // Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that...
Who’s Going to Pay?
May 3 2010 // Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that...
Judge Sides with State Farm in Rate Hike Information Case
May 3 2010 // A judge in Austin has blocked regulators from posting on the Texas Department of Insurance Web site certain documents on two rate filings by State Farm Insurance Cos. that would increase homeowners insurance premiums for...
ASI Healthcare Offers Pollution Liability for Nursing Homes, Assisted Living
Apr 30 2010 // ASI Healthcare, a division of American Safety Insurance (ASI), now offers an optional Environmental Impairment Liability (EIL) coverage form for nursing home, assisted living and elder care facilities. The EIL form covers...
New Mississippi Insurer to Compete for Coastal Home Insurance Business
Apr 29 2010 // A newly-formed Mississippi company with backing from a Florida insurer and local private investors including six independent agencies will begin writing homeowners policies on the coast in Mississippi. Gulfport-based...
Florida’s 21st Century Drops Bid to Acquire HomeWise; Gets Rate Hike
Apr 28 2010 // Florida’s 21st Century Holding Co. has dropped its bid to acquire domestic property insurer HomeWise Holdings at the same time it reported that its own Florida property insurance unit it has received approval to...
Tornadoes in Mississippi Take 10 Lives; 700 Homes, Many Uninsured, Destroyed
Apr 27 2010 // Tornadoes that killed 10 people in Mississippi destroyed at least 700 homes and did tens of millions of dollars in damage, state authorities said Monday. Homeowners and local authorities began a clean-up operation in some...
Tornadoes Rip Southern States; 10 Dead; 1,000 Homes Destroyed
Apr 26 2010 // Dozens of tornadoes left a path of destruction more than 50 miles long throughout the southern U.S.—including Alabama, Arkansas, Georgia, Louisiana, Mississippi and Tennessee—over the weekend. Ten people were...
Louisiana Bill Would Ban Insurance Cancellations Due to Chinese Drywall
Apr 23 2010 // A prohibition against insurance companies dropping coverage for homes or businesses that contain corrosive, Chinese-made drywall has advanced in the Louisiana Senate. The bill by Sen. Julie Quinn, R-Metairie, would bar...
Earth Day: How Insurance Coverages Respond to Greening of America
Apr 22 2010 // Green energy, sustainable food, recycling, hybrid vehicles – environmental awareness is impacting the lives of Americans everyday. Many consumers are choosing to make both small and large changes to reduce their...
AAIS To File Homeowners By-Peril Rating Plan Countrywide This Summer
Apr 22 2010 // The insurance industry’s first standardized plan for rating homeowners insurance by individual perils is scheduled to be filed countrywide this summer. The American Association of Insurance Services (AAIS) recently...
