Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Geovera Insurance Names Rowe as Texas State Executive
Nov 14 2008 // GeoVera Insurance announced that David P. Rowe has joined the company as Texas state executive for its homeowners business. GeoVera introduced its homeowners HO-B product in Texas in 2006. Rowe will be responsible for...
Storms Blamed for Increase in Kansas Homeowner Insurance Premiums
Nov 14 2008 // Kansas appears to be seeing the effects of tornadoes in June in its insurance rates and not even Dorothy’s red shoes can click this bad news away. The Kansas Insurance Department says that since July 1, premiums for...
Fire Damages 4 Pennsylvania Row Homes, Causes $1M in Damage
Nov 13 2008 // Fire has damaged four row homes in South Allentown, Pennsylvania and caused $1 million damage. Officials say the first firefighters were dispatched about 9:10 a.m. to the city’s Westbrook Park subdivision. The fire...
Arizona Voters Reject Homeowners Bill of Rights
Nov 5 2008 // Arizona voters overwhelming rejected Proposition 201, dubbed the Homeowners Bill of Rights. Approximately 1.34 million people, or 77.9 percent, voted no on the measure, while 386,281 voted yes. If it had passed, the...
Association Urges Voters to Defeat “Anti-Insurer Ballot Initiative” in Arizona
Nov 4 2008 // The Property Casualty Insurers Association of America is urging voters in Arizona to defeat Proposition 201, the “Homeowners Bill of Rights.” According to the ballot proposition, current Arizona law is...
Mass. Surviving Bumps in the Auto Insurance Road
Nov 2 2008 // Burnes Rules Out Permitting Insurers to Use Credit Scores; Goes Slow on Property Market Issues Massachusetts Insurance Commissioner Nonnie Burnes has presided over the biggest shakeup in the Massachusetts’ personal...
South Carolina Lab Tests Homes in Wind, Hail
Nov 2 2008 // Property and casualty insurers are hoping a new facility coming to South Carolina will do for home building what crash-test dummies have done for car safety. The Institute for Business and Home Safety announced a $27...
Insurers’ Study Warns on North Carolina Beach Plan Deficit
Nov 2 2008 // The insurance industry has unveiled results of a report finding that the North Carolina Insurance Underwriting Association, a.k.a. the Beach Plan, is not financially prepared to weather a major storm. According to the...
Californians Take Responsibility for Underinsurance
Nov 2 2008 // Californians overwhelmingly consider it their responsibility to prevent underinsurance, with homeowners in areas struck by catastrophic wildfire most strongly recognizing that they must keep their homes adequately insured,...
Conning Research: Challenges, Threats Loom for Homeowners Insurance Market
Nov 2 2008 // The five-year period spanning from 2003-2007 served the homeowners insurance line favorably after the dismal 20-year period that preceded it, and return on surplus for the line averaged an estimated 11 percent for those...
Local Governments Increase Homeowners Loss
Nov 2 2008 // Personal Lines Ordinance or Law Exposures Within 10 years of completion (sometimes in as little as five) a house may violate several parts of a community’s most current building codes. Specific jurisdictional...
3 Months After Tornado, Some in New Hampshire Still Fighting Red Tape
Oct 30 2008 // Three months after a tornado ripped a 50-mile swath through central New Hampshire, some residents still are caught in a swirl of red tape as they fight to rebuild their damaged or destroyed homes and get on with their...
Insurance Affordability: Three East Coast Regulators Weigh In
Oct 28 2008 // For many East Coast homeowners, the difficulty lies not in finding insurance, but paying for it. And that so-called affordability problem affects nearly every state along the coastline. Given their recent history with...
Californians Take Responsibility For Underinsurance
Oct 23 2008 // Californians overwhelmingly consider it their responsibility to prevent underinsurance, with homeowners in areas struck by catastrophic wildfire most strongly recognizing that they must keep their homes adequately insured,...
New South Carolina Lab will Test Full-size Homes in Wind, Hail
Oct 23 2008 // Property and casualty insurers are hoping a new facility coming to South Carolina will do for home building what crash-test dummies have done for car safety. The Institute for Business and Home Safety announced a $27...
Allstate Posts $923M Net Loss for Q3
Oct 23 2008 // Catastrophe losses and the global financial crisis contributed to a $923 million net loss for the third quarter of 2008, which reflects an operating loss of $190 million and net realized capital losses of $728 million, The...
Insurers’ Study Warns on North Carolina Beach Plan Deficit
Oct 21 2008 // The Property Casualty Insurers Association of America unveiled results of an independent report which found that the North Carolina Insurance Underwriting Association, a.k.a. the Beach Plan, is not financially prepared to...
PURE Approved to Sell Homeowners Coverage in New York
Oct 21 2008 // White Plains, N.Y.-based Privilege Underwriters Reciprocal Exchange (PURE) has received approval from the New York State Insurance Department to begin offering homeowners and other personal lines insurance in The Empire...
Florida-based Homeowners Choice Assumes 45,000 Citizens Policies
Oct 17 2008 // Homeowners Choice Inc., a Florida-based insurance holding company, reported that its wholly-owned subsidiary, Homeowners Choice Property & Casualty Insurance Co. Inc., assumed approximately 45,000 homeowners’...
Union General Offers High-Valued Homeowners Program
Oct 13 2008 // Union General Insurance Services Inc. of Concord, Calif., has a high-valued homeowners program. Standard and nonstandard HO-3, HO-8 (limited homeowners), HO-4 (tenant packages), DP-1 and DP-3 programs are available and are...
