Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Ohio Auto and Homeowners Insurance Rates Increased in 2008
Jul 28 2009 // Ohio Department of Insurance Director Mary Jo Hudson announced that the average rates for the state’s top 10 private passenger auto insurers increased 0.8 percent in 2008. The average rates for the state’s top...
Challenges to Anti-Concurrent Cause Clauses Linger in Katrina Lawsuits
Jul 27 2009 // Hurricane Katrina, in addition to causing unprecedented damage and destruction, added significantly to the workload of state and federal courts in Louisiana and Mississippi. Almost four years after the fact, those courts...
St. Johns Enters South Carolina Homeowners Insurance Market
Jul 27 2009 // St. Johns Insurance Co., a Florida domiciled property and casualty insurer, has expanded its presence into the South Carolina homeowner insurance market. Insuring more than 200,000 policyholders in Florida, St. Johns...
Further Challenges to Anti-Concurrent Cause Clauses
Jul 20 2009 // Hurricane Katrina brought the question of the validity and applicability of ACCs to the forefront. Hurricane Katrina, in addition to causing unprecedented damage and destruction, added significantly to the workload of...
Travelers Insurance Urges Regional Zones, Federal Role for Wind Coverage
Jul 20 2009 // One of the nation’s largest insurers has unveiled a plan to shift the authority for regulating rates for hurricane wind coverage from state regulators to an independent federal commission. Mississippi Gov. Haley...
State Farm Lloyds Seeks Homeowners Rate Increase in Texas
Jul 16 2009 // State Farm Lloyds has submitted a rate filing to the Texas Department of Insurance to increase its homeowner’s insurance rates in Texas by a statewide average of 8.5 percent, beginning Oct. 1 for existing customers...
Foremost Insurance Expands Dwelling Fire Program in Nevada
Jul 15 2009 // Grand Rapids, Mich.-based Foremost Insurance Group has expanded its Dwelling Fire program in Nevada. New Dwelling Fire policies and endorsements re designed for the needs of landlord and owner-occupied or vacant...
Foremost Insurance Expands Oregon Dwelling Fire Program
Jul 13 2009 // Grand Rapids, Mich.-based Foremost Insurance Group has expanded its dwelling fire program in Oregon, introducing new policies and endorsements for the needs of landlord, owner-occupied or vacant properties. Typically known...
Universal Insurance Holdings To Purchase ICAT Specialty Insurance
Jul 10 2009 // Hawai’i Insurance Commissioner J. P. Schmidt has approved Universal Insurance Holdings of North America’s (Universal North America) purchase of ICAT Specialty Insurance Co.(ISIC). Universal North America writes...
Farmers Insurance Offers Green Homeowners Product in Texas
Jul 6 2009 // Los Angeles-based The Farmers Insurance Group of Companies is offering a new eco-friendly product for its Texas customers wishing to ‘go green”. Called “Eco-Rebuild”, the new endorsement will...
U.S. House Panel to Bring Homeowners Insurance Crisis Hearing to Florida
Jun 26 2009 // A subcommitee of the U.S. House of Representatives that is looking into trouble spots in the country’s homeowner insurance market is coming to Florida in July. House Financial Services Oversight and Investigations...
Mississippi Wind Pool Insurance Credits Available for Biloxi Homeowners
Jun 24 2009 // Some Biloxi homeowners who use the wind pool for insurance may qualify for a 20 percent credit on their coverage. The wind pool — or Mississippi Windstorm Underwriting Association — is the insurer of last...
All North Carolina Homeowners Could Pay If Insurers, Beach Plan Fall Short
Jun 24 2009 // Every insured homeowner in North Carolina could shoulder the cost of rebuilding if a massive hurricane hits under a deal taking shape in the Legislature. The legislation (HB1305), expected to be detailed in a House...
New Rhode Island Law Saves Residents Money When Storms Loom
Jun 19 2009 // A new law could save homeowners money when a hurricane off the Atlantic coast churns up weather strong enough to damage homes in Rhode Island but never reaches the state. Legislation signed last week by Gov. Don Carcieri...
Recession Can Be Risky Time to Skimp on Insurance Coverage
Jun 18 2009 // Barry Miller figured he was saving $100 a month when he scaled back his disability insurance. After all, he was healthy. “It just looked like the policy was too expensive,” said Miller, who was paying for his...
Abandoning Flint, Michigan: As Homeowners Move Out, Fires Move In
Jun 18 2009 // Like the house across the street gone missing and the one at the corner stripped of its front door, the weathered brown bungalow at 1430 Jane Ave. bided its time, edging nearer to a meeting with a wrecking crew. But in a...
New Homeowners Earthquake Rating Plan Available
Jun 16 2009 // Wheaton, Ill.-based American Association of Insurance Services (AAIS) has developed a new rating plan for adding earthquake coverage to policies based on standardized forms, manual rules, and rating information provided...
State Farm Could Owe $0 to $1 Billion to Texas Consumers
Jun 16 2009 // The years-long struggle between the State of Texas and State Farm Insurance Company over homeowners insurance overcharges may be coming to a close soon, as Texas Insurance Commissioner Mike Geesling is expected to rule on...
Chinese Drywall: Builders, Subcontractors, Home Owners Facing Potentially Massive Uninsured Losses
Jun 15 2009 // Policy Exclusions Favor Insurers But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors are “sweating it out” over the potentially...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected There is a lot at stake for all parties because the damages on a per house basis are likely to be astronomical. General liability carriers specializing in...
