Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
State Farm to Seek Home Insurance Rate Hike in Mississippi
May 26 2010 // State Farm will file a rate increase with Mississippi Insurance Commissioner Mike Chaney in the next few months. Company spokesman David Majors said that details are still being worked out. Last year, State Farm boosted...
More Homeowners Could Need Flood Coverage with Post-Ike Maps
May 25 2010 // A federal revision of flood maps in 17 Texas coastal counties based on information from Hurricane Ike could lead to costly insurance increases for some homeowners. The Houston Chronicle reported that hurricane levees...
Key Facts, Common Myths About Protecting Homes from Hurricanes
May 19 2010 // With weather forecasters calling for a worse-than-average 2010 Atlantic basin hurricane season, the Institute for Business & Home Safety (IBHS) is advising property owners on the most effective ways to protect their...
Florida Leaders See Omnibus Bill Stabilizing Home Insurance Market
May 18 2010 // Florida insurance leaders belive that recently passed legislation (SB2044) is a step towards stabilizing the state’s property insurance market that has had been rocked by politics, premiums assessments, company...
Ironshore Enters Florida High-Valued Homeowners Market
May 17 2010 // Specialty insurer Ironshore Inc. has entered the personal lines market to underwrite a high value homeowners program for properties valued in excess of $1 million. The program will be offered in partnership with Hull &...
Calif. Agent, Insurer Groups Discuss Homeowners Replacement Cost Regs
May 17 2010 // To alleviate concerns about homeowner under-insurance, the California Department of Insurance has proposed regulations governing standards and training for estimating replacement value on homeowners’ insurance. CDI...
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...
