Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Bills Filed to Roll Back Texas 2003 Insurance Reforms
Mar 16 2009 // Reforms to the Texas insurance regulatory system put in place by Senate Bill 14 in 2003 are under attack by a coalition of state lawmakers who have filed bills to, among other things, return the rate setting process for...
$100 Million Iowa Relief Plan Would Include Buying Flooded Homes
Mar 13 2009 // Iowa Democrats have unveiled a $100 million flood relief package and are negotiating how to pay for it. The biggest part of the plan would be $20 million for flood prevention efforts. The plan sets aside $12.5 million to...
Buy Flood Insurance, Wisconsin Officials Tell Homeowners
Mar 11 2009 // State emergency officials want homeowners to get flood insurance. Flooding in August 2007 caused $112.4 million in damage to property and crops. Another round of floods in June 2008 caused more than $765 million. Wisconsin...
Mississippi’s Rep. Taylor Renews Push for Federal Wind Insurance Policy
Mar 10 2009 // Rep. Gene Taylor, D.-Miss., isn’t letting opposition by major insurance companies keep him from pushing his plan to make wind coverage for properties available through the federal flood insurance...
Pacific Specialty Expands Texas Residential Property Programs
Mar 10 2009 // Pacific Specialty Property and Casualty Company, the Texas affiliate of California-based Pacific Specialty Insurance Company (PSIC) announced a new suite of preferred tier residential property insurance products in...
Illinois Homeowner Sues to Obtain Claim Information on Explosion
Mar 9 2009 // A southwestern Illinois woman has filed a suit seeking information about why her home exploded last month. Laura Williams filed the suit in Madison County Circuit Court. A Feb. 13 blast destroyed her Pontoon Beach home and...
State Farm Makes Homeowners Insurance Rate Changes in Nevada
Mar 6 2009 // Nevada Insurance Commissioner Scott J. Kipper has approved a rate change for homeonwers insurance premiums as filed by State Farm Fire and Casualty Co. The rate change will become effective on April 1, 2009, for new...
Louisiana, Mississippi Among Highest Homeowner Rates in 2006
Mar 5 2009 // Louisiana homeowners paid the third-highest home insurance rates in 2006, while Mississippi was hit with the sixth-highest average bill for coverage, according to a report by a national group of state insurance...
Florida Homeowners’ Lawsuit Alleges Defective Chinese Drywall
Mar 4 2009 // A group of Florida homeowners sued German drywall maker Knauf Gips KG, its Chinese plasterboard units and several U.S. homebuilders on Monday, alleging contaminated drywall is sickening U.S. homeowners. The lawsuit said...
Texas Insurer Group Takes Issue with NAIC Homeowner Report
Mar 4 2009 // The National Association of Insurance Commissioner recently issued its annual report on homeowners insurance. The report, based on figures from 2006, the latest year from which data is available, ranks Texas as having the...
Oregon Home Insurance Costs Below National Average
Mar 4 2009 // At an average cost of $502 per year, home insurance in Oregon is among the least costly in the nation, according to a nationwide survey. For example, the average homeowner’s premium was $1,257 in Louisiana and $603...
Texas Legislator Aims to Limit Power of Homeowners’ Associations
Mar 2 2009 // Texas State Rep. Burt Solomons (Carrollton) has announced plans for a sweeping reform of the state’s homeowners’ association laws, including a constitutional amendment that would prohibit foreclosure of a...
Cox Joins Homeowners of America as VP, Director of Marketing
Feb 26 2009 // Texas-based Homeowners of America Insurance Company announced that Michael S. Cox has joined the firm as vice president and director of Marketing. Cox has more than 12 years of insurance industry experience with most of...
North Carolina Insurance Chief Warns Against Coastal Rate Freeze
Feb 25 2009 // Legislative efforts to freeze big insurance rate increases for coastal homeowners risk making policies less available and more costly for all state residents, North Carolina’s new insurance commissioner said. Such...
Chubb Offers Coverage to Upgrade Green After Home Loss
Feb 24 2009 // If a home is damaged or destroyed, homeowners may want to rebuild with green materials and processes, but the additional cost can be prohibitive. Now, homeowners can obtain insurance through the Chubb Group of Insurance...
Insurance Industry Starts to Pay Attention to Muslim American Market
Feb 22 2009 // 24% of All Muslims in U.S. Have College Degrees; 16% Are High Income Earners While there are an estimated 130 entities selling takaful — cooperative insurance that is true to Shariah tenets of Islamic religious law...
Oklahoma Bill Requiring Liability Cover for Contractors Moves Ahead
Feb 11 2009 // The Oklahoma Senate General Government Committee has approved legislation sponsored by Sen. Debbe Leftwich that would require contractors to have general liability and workers’ compensation insurance before they can...
Island Insurance Offers Homeowners Equipment Breakdown Coverage
Feb 6 2009 // Honolulu-based Island Insurance Co. Ltd. is offering equipment breakdown coverage to all homeowners policyholders. The optional endorsement is available for $15 per year and covers the cost of repair and replacement of...
Fireman’s Fund Brings ‘Green’ Homeowners Insurance to Minnesota
Feb 3 2009 // Fireman’s Fund Insurance Co. is now offering ‘green’ homeowner’s insurance to consumers in the state of Minnesota. This is the first-ever admitted green insurance available to homeowners in the...
<em>AP</em> Analysis: Florida Insurance Bind Overshadows Louisiana
Feb 3 2009 // Louisiana homeowners stunned by their rising insurance rates should remember that it could be worse. They could live in Florida. State Farm announced recently that it will stop doing business in Florida, the first big firm...
