Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Homeowner Insurtech Hippo to Go Public Today as Real Estate Market Remains Hot
Aug 3 2021 // Hippo Enterprises Inc. wants to change homeowners’ insurance by using customer data to make it faster and easier to get coverage, Hippo’s chief executive said in an interview. The company, which has a $5...
How Homeowners Insurers Can Prepare for the Cannabis Era
Aug 2 2021 // Talk about a growth market. Since Colorado and Washington became the first to pass state laws designed to legalize certain sale and consumption of recreational cannabis in their respective states in 2012, 15 other states...
Homeownership Study of Minnesota’s Twin Cities Shows Increase in Rentals
Jul 26 2021 // A new study found that between 2005 and 2020, the percentage of single family rentals increased by over 10% in North Minneapolis, Southeast Como and parts of St. Paul, with Southeast Como’s rentals changing due, in...
Study: Many Texas Households Lack Homeowner’s Insurance
Jul 26 2021 // A study conducted the Texas Real Estate Research Center at Texas A&M University following winter storm Uri revealed a widespread lack of homeowners insurance in the state. The study shows households that are...
Hippo Enters Commercial Insurance Market With Homeowners Association Product
Jul 23 2021 // Home insurtech Hippo is jumping into the commercial insurance market. The California-based managing general agency startup said its expansion will focus on “targeted commercial insurance” customers. Its first...
Louisiana to GeoVera: Cease Homeowners Policy Non-Renewals
Jul 19 2021 // Louisiana Insurance Commissioner Jim Donelon in early July ordered GeoVera Specialty Insurance Co. to stop non-renewing Louisiana homeowners policies in violation of state law. In a cease and desist order, Donelon told the...
Pandemic Part of a Perfect Storm for Insurers, Homeowners Bracing for Bad Wildfire Season
Jul 14 2021 // A perfect storm appears to brewing for homeowners and property insurers in the drought-plagued, wildfire-riddled U.S. West – and as odd as it may sound, the trouble may have begun with the pandemic. Property insurance...
Openly’s Homeowners Insurance Now Available in Oklahoma
Jul 14 2021 // The Boston-based homeowners insurance platform, Openly, is now available for homeowners and independent insurance agents in Oklahoma. Independent insurance agents in Oklahoma can now access Openly’s premium,...
Lloyds Bank Fined $125M for Inaccurate Communications over Home Insurance Renewals
Jul 9 2021 // Lloyds Banking Group Plc’s insurance unit was fined 90.7 million pounds ($125 million) by the UK Financial Conduct Authority for failing to make sure language in millions of home insurance policies was clear. The FCA...
Obsidian Acquires Western Home Insurance in California
Jul 9 2021 // Obsidian Insurance Holdings Inc. has acquired Western Home Insurance Co. from Western National Mutual Insurance Co. The acquisition supports the company’s growth plans and together with Obsidian’s existing...
California’s Coming Wildfire Season Points to Potential Non-Renewals Ahead for Homeowners
Jul 6 2021 // By all accounts the California wildfire season continues to shape up to be a bad one, and another catastrophe modeling firm has reported sales of their products picking up due in part to carriers and reinsurers looking for...
Louisiana Orders Insurer to Halt Non-Renewing Homeowners Policies after 2020 Hurricane Season
Jul 6 2021 // Louisiana Insurance Commissioner Jim Donelon has ordered GeoVera Specialty Insurance Co. to stop non-renewing Louisiana homeowners policies in violation of state law. In a cease and desist order issued last week, Donelon...
More Homeowners Claims Equal Higher Insurance Prices in Missouri
Jul 5 2021 // Severe weather trends causing an increase in claims are impacting the price of homeowners insurance in Missouri, regulators say. A recent report, Missouri Homeowners Insurance — Premium & Losses, by the Missouri...
AXA Partners with Hong Kong Broadband Network to Offer Homeowners Insurance
Jun 22 2021 // Hong Kong Broadband Network Ltd. (HKBN) is now offering customers an “All-in-One Home Kit,” complete with fiber broadband service and home insurance from AXA Hong Kong and Macau (AXA). The kit also has a home...
Homeowners’ Form and Endorsement Changes Coming in ISO’s 2022 Multistate Filing
Jun 21 2021 // Insurance Services Office (ISO) has released its upcoming homeowners’ multi-state filing. This first major revision in over 11 years is filed to be effective in March 2022. Within this filing, ISO: Introduced one new...
California OKs Farmers and Zesty.ai Wildfire Risk Assessments, Will Bring 30K New Homeowners Policies
Jun 16 2021 // California regulators have approved a plan by Farmers Insurance to assess wildfire risk by using a tool that combines artificial intelligence with high-resolution aerial photography. The carrier said the Z-Fire risk...
Increase in Homeowners Claims Spurs Higher Insurance Prices in Missouri
Jun 15 2021 // Severe weather trends and an increase in claims are impacting the price of homeowners insurance in Missouri, regulators say. A recent report issued by the Missouri Department of Commerce and Insurance shows that homeowners...
Logic & Language and Forms & Facts Homeowners Coverage for Watercraft
Jun 7 2021 // It’s now boating season in most parts of the country, so let’s explore some watercraft coverage issues under homeowners insurance. For the educational and illustrative purposes of this article, we’re...
Security First to Offer New Homeowners Coverage in Florida
Jun 4 2021 // Security First Insurance, one of the largest private homeowners insurers, has launched its Homeowner’s Premier HO5 policy. Floridians must have no claims or one claim caused by a weather event and with...
Homeowner Seeks $5M in Lawsuit Over ‘Rotten Egg’ Smell from S.C. Mill
May 25 2021 // A pulp and paper mill in South Carolina emits fumes that smells like rotten eggs and which nearby residents say have caused headaches and sore throats, a North Carolina homeowner says in a lawsuit. Kenny White, who lives...
