Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Homeowners’ Form and Endorsement Changes Coming in ISO’s 2022 Multistate Filing
May 14 2021 // Insurance Services Office (ISO) has released to Big I’s Virtual University the upcoming Homeowners’ multi-state filing tentatively effective beginning in March 2022. Yes, 2022. Eleven years have passed since...
Openly Expands Homeowners Insurance Platform into Massachusetts
Apr 26 2021 // Homeowners insurance platform Openly has made its services available in its home state of Massachusetts. Independent insurance agents in Massachusetts can now access Openly’s coverage and obtain quotes in...
Connecticut Urges Homeowners to Test Wells for Arsenic, Uranium
Apr 9 2021 // Connecticut health officials are urging homeowners who rely on well water to have their systems checked for arsenic and uranium contamination. The advice comes as the result of a study by the U.S. Geological Survey...
Smart Home Insurance Specialist, Hiro, Partners with MGA Incubator Pro MGA Solutions
Apr 8 2021 // Independent global managing general agency incubator platform Pro MGA Solutions (Pro.MS) announced it has partnered with smart home insurance specialist Hiro. London-based Hiro has developed a home insurance product that...
3 Homeowners Get $1.1M for 2017 Nevada Flood Damage
Mar 25 2021 // A Washoe County judge in Nevada has ordered Reno to pay $1.1 million to owners of three homes that flooded north of the city four years ago as dozens of others continue to press related battles in federal court over...
Kin Insurance to Offer Homeowners Coverage in Louisiana
Mar 25 2021 // Kin Insurance is expanding to offer homeowners insurance coverage in Louisiana. The company said the expansion into the underserved Louisiana market creates new opportunities for residents — especially for those in...
Homeowners’ Suit of Reno Over Flooding Now in U.S. Court
Mar 11 2021 // Dozens of residents who are suing the city of Reno over the flooding of their homes in 2017 are moving to federal court in a complex case that could cost taxpayers millions of dollars. The move comes as the city’s...
Porch Group to Acquire Texas MGA/Insurer, Homeowners of America
Mar 8 2021 // The Porch Group, a software platform focused on home services companies, is acquiring Irving, Texas-based managing general agent and insurance carrier, Homeowners of America (HOA). Under a merger agreement, Porch will...
How Home Improvement Projects Impact Homeowners Policies
Mar 8 2021 // Over the past year, the COVID-19 pandemic had us spending more time inside our homes than normal. Staring at the same four walls served as an impetus for many homeowners to take it upon themselves to make upgrades....
Home Insurance Agency Hippo to Go Public in $5B SPAC
Mar 4 2021 // Hippo Enterprises said it will go public through a merger with a blank-check firm, backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a deal that gives the merged entity a pro forma enterprise value of...
Florida’s TypTap Attracts $100M to Expand Nationally in Flood, Homeowners Insurance
Mar 2 2021 // TypTap, a five-year old Florida-based writer of private market homeowners and flood insurance, has attracted $100 million in financing from investment firm Centerbridge Partners. The company plans to use the money to...
Florida Legislature Weighs Options to Address Rising Homeowners Insurance Costs
Feb 24 2021 // Three bills currently working their way through the Florida Legislature are designed to tackle the rising costs of homeowner roof claims, the costs of attorney fees in homeowner’s claims and issues surrounding notice...
Fitch Sees ‘Modest’ Homeowners Insurance Underwriting Loss for 2020
Feb 19 2021 // The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses from natural catastrophes and managing operations amid the global pandemic. However, barring...
ShoreOne Rolls Out Combined Homeowners, Flood Policy in South Carolina
Feb 10 2021 // Massachusetts-based managing general agent ShoreOne created a new coverage for coastal homeowners to address inadequate flood coverage. ShoreOne’s new offering combines traditional homeowners insurance with full...
Homeowners Insurer, Openly, Expands Into Wisconsin
Feb 2 2021 // Openly, based in Boston, is now offering its homeowners insurance products and services in Wisconsin. More than 500 independent agents across the state can now access Openly’s technology that simplifies the...
Newly-Formed K2-Backed Exchange to Offer Coverage for Mobile Homeowners in Florida
Feb 2 2021 // Insurance services holding company K2 Insurance Services and New York based private equity firm Lee Equity Partners have formed American Mobile Insurance Exchange (AMIE), a reciprocal exchange that will seek to insure...
Homeowners Claims, Delays Top Louisiana 2020 Storm Complaints
Jan 22 2021 // The majority of complaint Louisiana insurance regulators have received in relation to the historic 2020 hurricane season concern homeowners insurance. The Louisiana Department of Insurance (LDI) reports that nearly 80...
Berkshire Hathaway GUARD Expands Homeowners Coverage Into Georgia, Utah
Jan 14 2021 // Berkshire Hathaway GUARD Insurance Companies has added Georgia and Utah to the list of states where the insurer offers its homeowners product. With these additions, the company now offers its personal lines products in 22...
Fitch: Florida Homeowners’ Insurers Performance Deterioration Continues
Jan 13 2021 // Florida homeowners’ insurance specialists are reporting continued performance deterioration and a decline in capitalization levels, despite the most severe losses from the record 2020 hurricane season occurring...
First Cap Writing Calif Admitted Dwelling Fire Program as Alternative to FAIR Plan.
Jan 7 2021 // San Diego, CA First Cap Property Insurance Solutions has announced a new admitted Dwelling Fire program for California residential risks. The program is designed to be an alternative to the California FAIR Plan. The new...
